128 E Calle Don Francisco, Bernalillo, NM 87004
$285,000
Property Type:
Residential Income
Square Footage:
3,166
Lot Size (sq. ft.):
14,375
Status:
Closed
Current Price:
$285,000
List Date:
6/01/2015
Last Modified:
11/30/2017
Description
Originally built by Abencio Salazar in1915, this 3 unit apartment includes a 3 car garage, gated compound art studio spaces, storage buildings, gazebo, fountain and a pond. The current owner’s father purchased and renovated the property in the 1970’s converting it from the town dance hall into an adobe artistic masterpiece!
The property is a hundred feet from the Town of Bernalillo Rail Runner stop and a couple hundred feet from the Range café.
Offered with an ask price of $285,000 or $95,000 per unit, or $90 per sf (heated area), the property’s average rent of $842 offers an investor a 7.8% Cap rate, 13.7% Cash on cash and a 16.2% before tax internal rate of return.
Adjacent parcel of land is also avail. Owner will need to keep some family made light fixtures - see seller disc
More Information MLS# 841792
Status Change Info
Pending Date: 2015-09-13
Closing Date: 2015-10-27
Contract Information
Listing Price: 285000
Current Price: $285,000
List Price/SqFt: 90.02
Status: Closed
Allowance/Concession: No
Bank Owned: No
Location
Street #: 128
Direction: E
Street Name: Calle Don Francisco
County: Sandoval
City/Town Code: Bernalillo
State/Province: NM
Zip Code: 87004
Zip +4: 6519
Geo Lat: 35.303188
Geo Lon: -106.549113
Area: 170 - Bernalillo/Algdones
Zone Atlas: NOZA
City/County Data
UPC Code: 1020072075470
Subdivision: MRGCD
General Property Description
# of Units: 3
5+ Units: No
Units for Sale: 3
Property Sub-Type: Triplex
Apx Structured SqFt: 3166
SqFt Source: Broker
Lot Size Source: On-Line
Acres: 0.33
Lot SqFt: 14374.8
Directions: From I-25 and Exit to Highway 550 - west to town of Bernalillo, south on Camino del Pueblo, look for Calle Don Franisco to the left, just before the Range Café - east to property - no sign on property
Stories: 1
Total # of Buildings: 3
Year Built: 1915
Age: 1 - 3
# Parking Spaces: 3
Disability Access: Unknown
LBP Disclosure: Yes
Builder: Abencio Salazar
Owner Occupant Unit: Yes
Multiple Lots: One
Tax & Legal Info
GRT Code: 29-120
Current Taxes: 735.28
Tax Exemption: No
Basement
Basement: No
Sales Info
Trade/Xch Considered: No
# of Unit Types (1)
# of Units: 1
# Baths: 1
Style: Studio
Approx. SqFt: 766
Actual Rent: 675
Max Rent: 750
Market Rent: 669
# of Unit Types (2)
# of Units: 1
# of Bedrooms: 1
# Baths: 1
Approx. SqFt: 889
Actual Rent: 850
Max Rent: 850
Market Rent: 750
# of Unit Types (3)
# of Units: 1
# of Bedrooms: 1
# Baths: 1
Approx. SqFt: 1511
Actual Rent: 1000
Max Rent: 1000
Market Rent: 1010
Unit Summary
Total Units: 3
Average Unit Size: 1055.33
Average Actual Rent: 841.66
Annualized: 30300
Total Actual Rent: 2525
Property Features
Construction: Adobe; Frame
Exterior Material: Stucco
Amenities: Fireplace Some Units
Appliances included: Dryer H/U; Refrigerator; Washer H/U
Utilities: All City
Heating: Central Forced Air
Cooling: Evaporative Cooling
Flooring: Brick; Wood
Owner Pays: Other - See Remarks
Tenant Pays: Other - See Remarks
Rental Info: Current Lse Agreemnt
Finance Considered: Cash; Conventional; FHA; VA
Source: Broker Provided; Owner Provided
Zoning: CCR-1
Documents
Lead Based Paint ›Listing Office: NM Apartment Advisors, Inc.
Last Updated: November - 30 - 2017
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
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.