Homes by Carolyn Fischman

924 Valencia Drive SE, Albuquerque, NM 87108 (MLS# 926970)

924 Valencia Drive SE, Albuquerque, NM 87108

$1,490,240
Property Type: Residential Income Square Footage: 17,600 Lot Size (sq. ft.): 33,541 Status: Closed
Current Price: $1,490,240 List Date: 8/24/2018 Last Modified: 12/28/2018

Overview

Description

924 Valencia SE is back on the market and everything you need for a 2018 closing: - New roof – check - New survey – check - Seller financing available – check - Core asset with value add potential - check Don't miss out on this once in a generation opportunity to acquire a property offered by the original developer's family, this newer construction (2000), gated property consists of spacious 16 x 1/1 at 800 sf each and 4 x 2/2 at 1,200 sf each. Each unit includes washer / dryers. Although this is a stable CORE Asset, there is quite a bit of value add potential most of which does not involved additional expense- email LA for link to confidentiality agreement. Seller finance is possible - a loan for $900,000 - 6% interest rate, 30 year amortization, 5 year call.

Listing Details MLS# 926970

Status Change Info

Pending Date
2018-12-21
Closing Date
2018-12-28

Contract Information

List Price/SqFt
84.67
Allowance/Concession
No

Location

Street #
924
Street Name
Valencia
St Suffix
Drive
Post Direction
SE
County
Bernalillo
City/Town Code
Albuquerque
State/Province
NM
Zip Code
87108
Zip +4
4994
MLS Area Major
71 - Southeast Heights
Zone Atlas
L18

CityCounty Data

Subdivision Name
Virginia Place Add

General Property Description

# of Units
20
5+ Units
Yes
Units for Sale
20
Property Sub-Type
Multi-Family
Living Area
17600
Lot Size Source
On-Line
Acres
0.77
Lot SqFt
33541.2
Directions
From I-40 and San Mateo, south to Anderson, east to Valencia and property.
Stories
2
Total Stories in Bldg
2
Total # of Buildings
2
Year Built
2000
Age
16 - 20
Disability Access
Unknown
LBP Disclosure
No
Builder
Erickson
Owner Occupant Unit
Yes
Multiple Lots
One

Basement

Basement
No

More Information

Sales Info

Trade/Xch Considered
No

# of Unit Types (1)

# of Units
16
# of Bedrooms
Yes
# Baths
Yes
Approx. SqFt
800
Actual Rent
567
Max Rent
600
Market Rent
646

# of Unit Types (2)

# of Units
4
# of Bedrooms
2
# Baths
2
Approx. SqFt
1200
Actual Rent
706
Max Rent
725
Market Rent
751

Unit Summary

Total Units
20
Average Unit Size
880
Average Actual Rent
594.8
Annualized
142752
Total Actual Rent
11896

Currently Not Used

Bank Owned
No

City/County Data

UPC Code
101805617321832501

Tax & Legal Info

GRT Code
02-100
Tax Exemption
No
Tax Annual Amount
10580.22

Construction Materials

Brick
Yes
Brick Veneer
Yes
Frame
Yes
Stucco
Yes

Amenities

Laundry Equip. Owned
Yes
Owners Unit
Yes
Walled Complex
Yes

Cooling

Refrigerated
Yes

Flooring

Carpet
Yes

Heating

Gas
Yes

Owner Pays

Other - See Remarks
Yes

Tenant Pays

Other - See Remarks
Yes

Build Description

Resale
Yes

Appliances included

Refrigerator
Yes

Utilities

All City
Yes

Finance Considered

Cash
Yes
Conventional
Yes
FHA
Yes

Rental Info

Other - See Remarks
Yes

Zoning

R-MH*
Yes

Property Features

Construction Materials: Brick; Brick Veneer; Frame; Stucco Build Description: Resale Amenities: Laundry Equip. Owned; Owners Unit; Walled Complex Appliances included: Refrigerator Utilities: All City Heating: Gas Cooling: Refrigerated Flooring: Carpet Owner Pays: Other - See Remarks Tenant Pays: Other - See Remarks Rental Info: Other - See Remarks Finance Considered: Cash; Conventional; FHA Zoning: R-MH*
Listing Office: NM Apartment Advisors, Inc.
Last Updated: December - 28 - 2018
Some of the information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers' personal, non-commercial use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.

Scroll to Top

Let's Connect!