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Off market

Buy a multi-family propertyat 941 Alvarado Drive SE, Albuquerque, NM 87108

$406,126

$406,216 (-0.02%)

$0/mo

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Multifamily

2,940 Sq. Ft.

8,276 Sq. Ft. lot

563 Days on market

997698 MLS ID

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About 941 Alvarado Drive SE multi-family property

Each unit is like its own self-contained patio home - each with a spacious two bedroom, one bathroom residences with their own utility/laundry room, refrigerated air conditioning, private backyard and one car garages with automatic openers.This property has had only one owner since the original family built it. The property was originally built in 1964 by Carl Williams, a well-known developer. It has been well maintained and where possible, upgrades were done with an owner living on site.With an average rent of $1,083, and at the list price of $406,126 the measures of investment performance include $135,375 per unit, $138.14 per square foot, a before reserves cap rates of 5.91%, and an after tax IRR of 14.00%.
Each unit is like its own self-contained patio home - each with a spacious two bedroom, one bathroom residences with their own utility/laundry room, refrigerated air conditioning, private backyard and one car garages with automatic openers.This property has had only one owner since the original family built it. The property was originally built in 1964 by Carl Williams, a well-known developer. It has been well maintained and where possible, upgrades were done with an owner living on site.With an average rent of $1,083, and at the list price of $406,126 the measures of investment performance include $135,375 per unit, $138.14 per square foot, a before reserves cap rates of 5.91%, and an after tax IRR of 14.00%.

Property details

Appliances and Equipment

Refrigerator

Bedrooms

2 total bedrooms

House

1 total stories

Built in 1964

Stories: 1

2,940 sqft living area

2940 total building sqft

Frame

One

Cooling

Refrigerated

Disclosures

Lead Based Paint Disclosure

RANM 2100 Disclosure

Expenses

Operating Expense: $13,049

Floors

Carpet

Heating

Central

Forced Air

Income

Gross Income: 37050

Laundry

Washer Hookup

Dryer Hookup

In Unit

Listing

Property Subtype: Triplex

235 days on market

Listed on 2021-07-29

Location

County: Bernalillo

Subdivision: Melendres Sub

Lot

8276.4 sqft

0.19 acres

Parking

4 total parking spaces

Property

Single building

3 units

Resale

Taxes

Annual Amount: $2,493

Tenant Pays

See Remarks

Utilities

Cable Connected

Electricity Connected

Natural Gas Connected

Phone Connected

Sewer Connected

Water Connected

Monthly cost

Estimated monthly cost

$2,602/mo

All calculations are estimates and provided for informational purposes only. Actual amounts may vary.

Seller fees & commissions

Home sale price

$

Outstanding mortgage

$

Selling with traditional agent

Selling with Unreal Estate agent

Your total sale proceeds$381,758

+$12,184

$393,942

Seller agent commission$12,184 (3%)*

$0 (0%)

Buyer agent commission$12,184 (3%)*

$12,184 (3%)*

*Commissions are based on national averages and not intended to represent actual commissions of this property

Get $12,184 more selling your home
with an Unreal Estate agent

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Unreal Estate checked: Aug 8, 2023 at 4:44 p.m.

Data updated: May 27, 2023 at 6:50 p.m.

Courtesy of NM Apartment Advisors, Inc..
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-commerical use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.
Listing Information © 2024 Greater Albuquerque Association of REALTORS®. All Rights Reserved.

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