7010 4th Street NW, Albuquerque, NM 87107 (MLS# 685291)

7010 4th Street NW, Albuquerque, NM 87107

$1,295,000

Property Type: Commercial Sale Square Footage: 22,000 Lot Size (sq. ft.): 145,965 Status: Closed

Current Price: $1,295,000 List Date: 6/15/2010 Last Modified: 8/09/2017

Overview

Description

Extremely Rare Incredible Investment! This is what you have been looking for. 209 STORAGE UNITS AND, A 22 UNIT MOBILE HOME PARK, AND MANAGER'S UNIT ALL IN ONE! You Should Look at This Property In Land Value Alone! All Steel Storage Units are excellent rentals and Mobile Home Tenants are Loyal. Excellent Income Stream W/ Improvable Rents. VERY ATTRACTIVE First/Assumable W/ Qualifying at 7.2%. Seller WILL Consider RECs and TRADES!

Listing Details MLS# 685291

Status Change Info

Pending Date: 2011-06-07
Closing Date: 2012-03-19

Contract Information

List Price/SqFt: 58.86

Location

Street #: 7010
Street Name: 4th
St Suffix: Street
Post Direction: NW
County: Bernalillo
City/Town Code: Albuquerque
State/Province: NM
Zip Code: 87107
Directions: On 4th Street Between Ranchitos and Osuna. On the East Side. ***Just North of Osuna***
MLS Area Major: 100 - North Valley
Zone Atlas: D15
Downtown: Yes
Freestanding: Yes
Other - See Remarks: Yes

General Property Description

Property Sub-Type: Mobile Home Park
Living Area: 22000
SqFt Source: Broker
Acres: 3.35
Lot SqFt: 145965
Apx Lot Dim Front: 789.06
Apx Lot Dim Side: 185.15
Addl Lot Dim: Angles at back
Lot Description: Approx 3.423 AC
Lot Size Source: Survey
Total # Stories: Yes
Ceiling Height Range: 20x10
# Parking Spaces: 44
Docks: No
Door Height: 9.00
Disability Access: Yes
HVAC: No
% Occupied: 89
Transaction Type: Sale
# of Docks: 0

Income Expenses

Annual Gross Income: 115950

Miscellaneous

Land Ownership: Land Owned

More Information

Sales Info

Trade/Xch Considered: Yes

Zoning

Zoning Verified: No
SU: Yes

Tax & Legal Info

UPC Code: 101506313813630815
Short Legal Desc: S 21, T 11 North, R 3 East NMPM tract 179-B
GRT Code: 02-200
Tax Exemption: No
Tax Annual Amount: 11075.8

Construction Materials

Aluminum Siding: Yes
Metal Siding: Yes

Cooling

Evaporative Cooling: Yes

Heating

Gas: Yes

Tenant Pays

Electric: Yes
Gas: Yes
Sewer: Yes

Income & Expenses

Annual Oper Expenses: 91632
Annual Insurance: 9400
Annual Utilities: 20452
Annual Bldg Maint: 11000
Annual Mgmt Expense: 22680
Lease Term/Months: Yes

Utilities

Cable Available: Yes
Electricity Available: Yes
Natural Gas: Yes
Some City: Yes

Features

Security Lighting: Yes
Storage: Yes

Property Access

E Property Line: Yes

Road Surface Type

Paved: Yes

Fencing

Fenced: Yes

Lease Information

Call List Office: Yes

Parking

Assigned: Yes
On Site: Yes

Docs/Data Available

Disclosure Statement: Yes
Survey: Yes
Title Policy: Yes
Zone Atlas Maps: Yes

Finance Considered

Cash: Yes
Owner Financing: Yes

Property Features

Location: Downtown; Freestanding; Other - See Remarks; Downtown; Freestanding; Other - See Remarks Construction Materials: Aluminum Siding; Metal Siding Property Access: E Property Line Road Surface Type: Paved Utilities: Cable Available; Electricity Available; Natural Gas; Some City Heating: Gas Cooling: Evaporative Cooling Tenant Pays: Electric; Gas; Sewer Features: Security Lighting; Storage Fencing: Fenced Lease Information: Call List Office Parking: Assigned; On Site Finance Considered: Cash; Owner Financing Zoning: SU

Listing Office: Re/Max Alliance, REALTORS

Last Updated: August - 09 - 2017

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