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2412 ABCD RICE Avenue NW, Albuquerque, NM 87104

$1,600,000

Property Type: Residential Income Lot Size (sq. ft.): 27,878 Status: Closed

Current Price: $1,600,000 List Date: 7/15/2021 Last Modified: 10/05/2021

Description

Location doesn't get any better than this! Just west off RIo Grande and minutes from Old Town, Nature Center, and biking paths. This property is 4 4-plexes, so it does qualify for residential 30-yr fixed loan products! 100% occupied. All 2 bedroom 1 bathroom units with individual storage closets. Updates within the last 5 years include: new lighting updated flooring (no carpet) throughout interiors, 2 new stairwells, 4 swamp coolers, new fence along eastern property line. Roofs & Stucco were redone in 2015 & 2016. Roof maintenance & cooler converstions professionally done annually.

More Information MLS# 996599

Status Change Info

Pending Date: 2021-07-30 Closing Date: 2021-10-04

Contract Information

Listing Price: 1600000 Current Price: $1,600,000 Status: Closed Bank Owned: No

Location

Street #: 2412 ABCD Street Name: RICE St Suffix: Avenue Post Direction: NW County: Bernalillo City/Town Code: Albuquerque State/Province: NM Zip Code: 87104 Zip +4: 2654 Geo Lat: 35.108807 Geo Lon: -106.673258 Area: 101 - Near North Valley Zone Atlas: H13

City/County Data

UPC Code: 101305903725932457

General Property Description

# of Units: 16 5+ Units: Yes Property Sub-Type: 9 or More Units SqFt Source: Per Appraisal Lot Size Source: Per Appraisal Acres: 0.64 Lot SqFt: 27878 Directions: From I40 & Rio Grande: north on Rio Grande, turn west on Rice. It's a block south of Indian School. Stories: 2 Total # of Buildings: 4 Year Built: 1978 Age: 41 - 50 # Parking Spaces: 24 Disability Access: No LBP Disclosure: No Builder: Unknown Owner Occupant Unit: No Flood Zone: X

Tax & Legal Info

GRT Code: 02-100 Current Taxes: 2463.9 Tax Exemption: No

Basement

Basement: No

Income & Expenses

Annual Gross Income: 158400 Operating Expenses: 40182

Sales Info

Trade/Xch Considered: No

# of Unit Types (1)

# of Units: 16 # of Bedrooms: 2 # Baths: 1 Approx. SqFt: 740 Actual Rent: 725 Max Rent: 750 Market Rent: 825

Unit Summary

Total Units: 16 Average Unit Size: 740 Average Actual Rent: 725 Annualized: 139200 Total Actual Rent: 11600

Property Features

Construction: Frame Exterior Material: Stucco Build Description: Resale Amenities: Balconies/Deck; Outside Lights; Some Landscaping Appliances included: Frestnd Elec Stv/Ovn; Refrigerator Utilities: Electricity Connected; Natural Gas Not Available; Water Connected Heating: Perimeter/Baseboard Cooling: Evaporative Cooling Flooring: Laminate; No Carpet; Tile; Vinyl Electric Provider: Public Utility Electric: None Miscellaneous Info: No Sign; Pets Limited Metering: Individual Electric Operating Expenses: Accounting and Legal; Insurance; Property Taxes; Repairs/Maintenance; Utilities Owner Pays: Sewer; Trash Removal; Water Tenant Pays: Electric Parking: 1.5 Spaces Per Unit Roof: Flat; Tar/Crushed Rock Rental Info: Month To Month; Yearly Lease Finance Considered: Cash; Conventional Source: Actual Record Zoning: R-ML*

Documents

Tax Levy Disclosure ›

Form 2100 - Broker Duties Supplemental ›

APOD ›

Listing Office: Keller Williams Realty

Last Updated: October - 05 - 2021

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.