Located in the highly sought after NE heights submarket, these units are located adjacent to a city park and oozing with curb appeal. The property is within walking distance to trailhead for Albuquerque's hundreds of miles of nature trails along the Sandia Mountain foothills. The residences offer refrigerated air condition, luxury vinyl tile, upgraded windows and doors and access to privatAt the ask price of $958,266 and with an average rent of $859 (Up 8% from previous average of $795), the measures of investment performance include $119,783 per unit, $199.64 per square foot, a before reserves cap rates of 5.75%, and an after tax IRR of 11.60%.If rents are moved to market of $900, measure of investment performance improve to a cap rate of 6.39%.e courtyards with shade trees.
- Price:
- $958,266
- Bedrooms:
- 1
- Square Footage:
- 4,800
- Acreage:
- 0.27
- Year Built:
- 1977
- Listing ID #:
- 1030057
- Street Address:
- 12361 Mountain Rd NE
- City:
- Albuquerque
- State:
- New Mexico
- Postal Code:
- 87112
- County:
- Bernalillo
- Community:
- 50 - Northeast Heights
- Subdivision:
- Royal Heights Subdivision
- Listing Status:
- Pending
- Listing Type:
- Residential Income
- Approximate Total Liveable Area:
- 4800
- Building Condition:
- Resale
- Construction Description:
- Frame
- Exterior Features:
- Landscaping
- Flooring:
- Vinyl
- Number Of Floors In Unit:
- One
- Number Of Units:
- 8
- Stories:
- 1
- Stories:
- 1
- Total # Of Buildings:
- 3
- Total Building Square Footage:
- 4800
- Year Built:
- 1977
- Year Built Description:
- 41 - 50
- Gross Income:
- 78504
- Operating Expense:
- 28703
- Approximate Lot Size Range Source:
- Public Records
- Lot Square Footage:
- 11761.2
- Zoning Description:
- Mx-L*
- Days On Market:
- 28
- On Market Date:
- 2023-02-24
- Originating Mls:
- Swmls
- Property Disclosures:
- Lead Based Paint Disclosure, Ranm2100disclosure
- Terms:
- Cash, Conventional
- Property Taxes:
- $2,885
- Tenant Pays:
- Other, See Remarks
- Parking Spaces:
- 8
- Appliances:
- Refrigerator
- Cooling System:
- Refrigerated
- Has Central Air Conditioning:
- Yes
- Heating:
- Central, Forced Air
- Utilities:
- Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
- Unit 1 Monthly Rent:
- 868
- Unit 1 Total Bathrooms:
- 1
- Unit 1 Total Bedrooms:
- 1
- Unit 2 Monthly Rent:
- 771
- Unit 2 Total Bathrooms:
- 1
- Unit 2 Total Bedrooms:
- 1
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.
Your Payment
$1,400/mo
Source: CINC
- Listing Provided By: Todd D Clarke with NM Apartment Advisors
