, Albuquerque, NM 87105 (MLS# 1016935)

Albuquerque, NM 87105

$850,000

Property Type: Residential Income Square Footage: 7,950 Lot Size (sq. ft.): 20,909 Status: Closed

Current Price: $850,000 List Date: 6/15/2022 Last Modified: 1/29/2026

Overview

Description

12 unit Apartment complex located just west of the Rio Grande, old town, bio park and historical landmarks! built in 1980, each unit has been updated, Newer appliances, 1 bedroom and 2 bedroom units w/parking, rented for $650 to $800 for the largest 2 bedroom(3 one bedrooms & 9 2 bedrooms) all single story , some units have new roof, new water heaters, individually metered, swamp coolers all replaced within 4 years ( except units 3 and 4) connecting units are 5 thru 9, all have stoves & refrigerators, storage has dryer/washer hook up & must do laundry off site. 2 units need TLC and are being used for storage therefore once renovated, new tenants could move in ( 2 bedroom units) market rent $725 -$750 largest unit is apartment #9..OWNER FINANCING AVAILABLE, CALL FOR PRIVATE SHOWING!

Listing Details MLS# 1016935

Status Change Info

Pending Date: 2022-06-23
Closing Date: 2022-07-14

Contract Information

List Price/SqFt: 106.92

Location

City/Town Code: Albuquerque
State/Province: NM
Zip Code: 87105
Zip +4: 1670
MLS Area Major: 80 - Downtown Area
Zone Atlas: K12

CityCounty Data

Subdivision Name: NEW BRIDGE ACRES

General Property Description

# of Units: 12
5+ Units: Yes
Property Sub-Type: Multi-Family
Living Area: 7950
SqFt Source: Floorplan
Lot Size Source: On-Line
Acres: 0.48
Lot SqFt: 20908.8
Directions: HEAD WEST ON S PLAZA ST NW TOWARD RIO GRANDE BLVD NW TURN LEFT ONTO RIO GRANDE BLVD NW. TURN RIGHT ONTO CENTRAL AVE NW/US ROUTE 66. CONTINUE STRAIGHT TO STAY ON CENTRAL AVE NW/US ROUTE 66 TURN RIGHT ONTO 40TH STREET . THE PROPERTY WILL BE ON THE LEFT, ACROSS FROM ''MONTE CARLO'' STEAKHOUSE
Stories: Yes
Total Stories in Bldg: Yes
Total # of Buildings: 8
Year Built: 1981
Age: 41 - 50
# Parking Spaces: 24
Disability Access: Yes
LBP Disclosure: No
Builder: UNKNOWN
Owner Occupant Unit: No
Flood Zone: X

Basement

Basement: No

More Information

Sales Info

Trade/Xch Considered: No

# of Unit Types (1)

# of Units: 9
# of Bedrooms: 2
# Baths: Yes
Style: Bungalow
Approx. SqFt: 650
Actual Rent: 650
Max Rent: 800
Market Rent: 750

# of Unit Types (2)

# of Units: 3
# of Bedrooms: Yes
# Baths: Yes
Approx. SqFt: 650
Actual Rent: 650
Max Rent: 650
Market Rent: 750

Unit Summary

Total Units: 12
Average Unit Size: 650
Average Actual Rent: 650
Annualized: 93600
Total Actual Rent: 7800

Currently Not Used

Bank Owned: No

City/County Data

UPC Code: 101205723650621503

Tax & Legal Info

GRT Code: 02-100
Tax Exemption: Unknown
Tax Annual Amount: 3289.76

Construction Materials

Frame: Yes
Stucco: Yes

Amenities

No Landscaping: Yes
Storage: Yes

Cooling

Evaporative Cooling: Yes

Flooring

Laminate: Yes
Tile: Yes
Vinyl: Yes

Heating

Wall Unit: Yes

Owner Pays

Trash Removal: Yes
Water: Yes

Tenant Pays

Electric: Yes
Gas: Yes

Income & Expenses

Annual Gross Income: 78000
Operating Expenses: 12608

Build Description

Resale: Yes

Appliances included

Free-Standing Electric Range: Yes
Free-Standing Gas Range: Yes
Refrigerator: Yes

Utilities

Electricity Connected: Yes
Natural Gas Connected: Yes
Sewer Connected: Yes
Water Connected: Yes

Electric Provider

Public Utility: Yes

Electric

None: Yes

Miscellaneous Info

Hstrc Reg Ldmk/Ovrly: Yes
No Sign: Yes

Metering

Individual Electric: Yes
Master Gas: Yes

Operating Expenses

Insurance: Yes
Property Management: Yes
Property Taxes: Yes
Repairs/Maintenance: Yes
Utilities: Yes

Parking

2+Spaces Per Unit: Yes
Guest Parking: Yes

Roof

Composition: Yes

Finance Considered

Cash: Yes
Conventional: Yes
Owner Financing: Yes

Rental Info

Deposits: Yes
Month To Month: Yes

Source

Owner Provided: Yes

Zoning

MX-M*: Yes

Property Features

Construction Materials: Frame; Stucco Build Description: Resale Amenities: No Landscaping; Storage Appliances included: Free-Standing Electric Range; Free-Standing Gas Range; Refrigerator Utilities: Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected Heating: Wall Unit Cooling: Evaporative Cooling Flooring: Laminate; Tile; Vinyl Electric Provider: Public Utility Electric: None Miscellaneous Info: Hstrc Reg Ldmk/Ovrly; No Sign Metering: Individual Electric; Master Gas Operating Expenses: Insurance; Property Management; Property Taxes; Repairs/Maintenance; Utilities Owner Pays: Trash Removal; Water Tenant Pays: Electric; Gas Parking: 2+Spaces Per Unit; Guest Parking Roof: Composition Rental Info: Deposits; Month To Month Finance Considered: Cash; Conventional; Owner Financing Source: Owner Provided Zoning: MX-M*

Listing Office: Keller Williams Realty

Last Updated: January - 29 - 2026

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