912-936 San Pedro Drive SE, Albuquerque, NM 87108
$2,500,000
Property Type:
Residential Income
Lot Size (sq. ft.):
49,153
Status:
Closed
Current Price:
$2,500,000
List Date:
11/11/2021
Last Modified:
4/11/2023
Description
Excellent property management in place for smooth transition of ownership. Many units recently remodeled in 2020. A total of seven contiguous fourplex buildings, combined for 28 multi-family units with stable tenancy and positive cash flow in place. Private gated courtyards with storage adjacent to each building with plenty of greenery from trees and resident grown vegetable and flower gardens. Locking entry gates at each end of the courtyards provide privacy and security. Low maintenance properties with everything in place, including professional management and pre-qualified tenancy. Includes a total of seven 1-bedroom 1-bath units and twenty-one 2-bedroom 1-bath units. All units have washer and dryer hookups inside.
More Information MLS# 999691
Status Change Info
Pending Date: 2022-01-04
Closing Date: 2022-03-28
Contract Information
Listing Price: 2500000
Current Price: $2,500,000
Status: Closed
Bank Owned: No
Location
Street #: 912-936
Street Name: San Pedro
St Suffix: Drive
Post Direction: SE
County: Bernalillo
City/Town Code: Albuquerque
State/Province: NM
Zip Code: 87108
Zip +4: 4843
Geo Lat: 35.063856
Geo Lon: -106.577212
Area: 71 - Southeast Heights
Zone Atlas: L18
City/County Data
UPC Code: 101805627220642503
General Property Description
# of Units: 28
5+ Units: Yes
Property Sub-Type: 9 or More Units
Lot Size Source: Survey
Acres: 1.13
Lot SqFt: 49153
Directions: San Pedro and Anderson
Stories: 1
Total # of Buildings: 7
Year Built: 1977
Age: 41 - 50
Disability Access: Unknown
LBP Disclosure: Yes
Builder: unknown
Owner Occupant Unit: No
Flood Zone: X
Tax & Legal Info
GRT Code: 02-100
Current Taxes: 2049.6
Tax Exemption: Unknown
Basement
Basement: No
Sales Info
Trade/Xch Considered: No
# of Unit Types (1)
# of Units: 7
# of Bedrooms: 1
# Baths: 1
Approx. SqFt: 562
Actual Rent: 556
Max Rent: 770
Market Rent: 650
# of Unit Types (2)
# of Units: 21
# of Bedrooms: 2
# Baths: 1
Approx. SqFt: 780
Actual Rent: 643
Max Rent: 750
Market Rent: 700
Unit Summary
Total Units: 28
Average Unit Size: 725.5
Average Actual Rent: 621.25
Annualized: 208740
Total Actual Rent: 17395
Property Features
Construction: Frame
Exterior Material: Stucco
Build Description: Resale
Amenities: Private Patios; Tenant Storage; Wshr/Dryr HU in Unit
Appliances included: Dishwasher; Fan/Hood; Frestnd Elec Stv/Ovn; Microwave; Refrigerator
Utilities: Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected
Heating: Central Forced Air
Cooling: Evaporative Cooling
Flooring: Laminate; Tile
Electric Provider: Public Utility
Electric: None
Owner Pays: Other - See Remarks
Tenant Pays: Other - See Remarks
Parking: 1 Space Per Unit; Paved Lot
Roof: TPO (G)
Rental Info: Call Listing Broker
Finance Considered: Cash; Other - See Remarks
Zoning: MX-L*
Documents
OM ›Listing Office: 360 Ventures Real Estate
Last Updated: April - 11 - 2023
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