4408 2ND Street NW, Albuquerque, NM 87107
$725,000
Property Type:
Residential Income
Square Footage:
7,900
Lot Size (sq. ft.):
26,136
Status:
Closed
Current Price:
$725,000
List Date:
6/01/2022
Last Modified:
8/04/2022
Description
North Valley Apartments near Montano. 7 buildings with 2 apartments per building. All floor units. Newer pavement for entrance. New re-pipe for 4408 2nd Units 1,2,3,11 early 2022. Other improvements with paid receipts under documents. Owner pays for water/trash. Each unit is individually metered for electric and gas. (One unit is all electric.) On 10 units the tenants pay for electric/gas. Owner pays for 4 apartments electric/gas per the current lease agreement. The 3 bedroom unit has both bathrooms newly renovated. Actual address is 4404 and 4408 2nd St NW.
More Information MLS# 1015902
Status Change Info
Pending Date: 2022-06-03
Closing Date: 2022-08-01
Contract Information
Listing Price: 725000
Current Price: $725,000
List Price/SqFt: 91.77
Status: Closed
Bank Owned: No
Location
Street #: 4408
Street Name: 2ND
St Suffix: Street
Post Direction: NW
County: Bernalillo
City/Town Code: Albuquerque
State/Province: NM
Zip Code: 87107
Geo Lat: 35.127073
Geo Lon: -106.639473
Area: 101 - Near North Valley
Zone Atlas: G14
City/County Data
UPC Code: 101406052337813307
General Property Description
# of Units: 14
5+ Units: Yes
Property Sub-Type: 9 or More Units
Apx Structured SqFt: 7900
SqFt Source: Professional
Lot Size Source: On-Line
Acres: 0.6
Lot SqFt: 26136
Directions: From Montano and 2nd St, Go South. Apartments will be on left after you pass Griegos.
Stories: 1
Total Stories in Bldg: 1
Total # of Buildings: 7
Year Built: 1965
Age: 51 - 60
Disability Access: Unknown
LBP Disclosure: Yes
Builder: Unknown
Owner Occupant Unit: Yes
Flood Zone: X
Tax & Legal Info
GRT Code: 02-100
Current Taxes: 5283.8
Tax Exemption: Unknown
Basement
Basement: No
Income & Expenses
Annual Gross Income: 109236
Operating Expenses: 39600
Sales Info
Trade/Xch Considered: No
# of Unit Types (1)
# of Units: 1
# of Bedrooms: 1
# Baths: 1
Approx. SqFt: 453
Actual Rent: 550
Max Rent: 700
Market Rent: 700
# of Unit Types (2)
# of Units: 4
# of Bedrooms: 1
# Baths: 1
Approx. SqFt: 453
Actual Rent: 600
Max Rent: 700
Market Rent: 700
# of Unit Types (3)
# of Units: 2
# of Bedrooms: 1
# Baths: 1
Approx. SqFt: 453
Actual Rent: 619
Max Rent: 700
Market Rent: 700
# of Unit Types (4)
# of Units: 2
# of Bedrooms: 1
# Baths: 1
Approx. SqFt: 453
Actual Rent: 650
Max Rent: 700
Market Rent: 700
# of Unit Types (5)
# of Units: 1
# of Bedrooms: 1
# Baths: 1
Approx. SqFt: 453
Actual Rent: 645
Max Rent: 700
Market Rent: 700
# of Unit Types (6)
# of Units: 1
# of Bedrooms: 1
# Baths: 1
Approx. SqFt: 453
Actual Rent: 675
Max Rent: 700
Market Rent: 700
# of Unit Types (7)
# of Units: 2
# of Bedrooms: 1
# Baths: 1
Approx. SqFt: 453
Actual Rent: 700
Max Rent: 750
Market Rent: 750
# of Unit Types (8)
# of Units: 1
# of Bedrooms: 3
# Baths: 2
Approx. SqFt: 2011
Actual Rent: 895
Max Rent: 1100
Market Rent: 950
Unit Summary
Total Units: 14
Average Unit Size: 564.28
Average Actual Rent: 650.21
Annualized: 109236
Total Actual Rent: 9103
Property Features
Construction: Frame
Exterior Material: Stucco
Build Description: Resale
Amenities: Owners Unit
Appliances included: Frestnd Elec Stv/Ovn; Frestnd Gas Stv/Ovn; Refrigerator
Utilities: Electricity Connected; Natural Gas Connected; Water Connected
Heating: Wall Unit
Cooling: Window Units(s)
Flooring: Carpet; Tile; Vinyl
Electric Provider: Public Utility
Electric: None
Metering: Individual Electric; Individual Gas
Operating Expenses: Insurance; Property Management; Property Taxes; Utilities
Owner Pays: Water
Tenant Pays: Other - See Remarks
Parking: 1 Space Per Unit
Roof: Flat
Rental Info: Deposits; Yearly Lease
Finance Considered: Cash; Conventional
Zoning: MX-M*
Listing Office: CopperTree Real Estate & Mgmt
Last Updated: August - 04 - 2022
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