2612 Dakota Street NE, Albuquerque, NM 87110 (MLS# 980898) -

2612 Dakota Street NE, Albuquerque, NM 87110

$1,133,153

Property Type: Residential Income Square Footage: 12,120 Lot Size (sq. ft.): 16,901 Status: Closed

Current Price: $1,133,153 List Date: 11/11/2020 Last Modified: 1/28/2021

Overview

Description

Offered for sale for the first time for sale in over 15 years – a retro, cool, and hip architecturally interesting building at 2612 Dakota NE. This community contains 20 units and is one of the signature buildings of well-known apartment developer, Frank Alexander. Sister communities include the Omega, the Alpha Compacts, the Theta and Central Part apartments. The property is one ½ block north of Menaul Blvd, and one block due north of the former Sears store at Coronado Mall. This location is poised to take advantage of the Uptown renaissance in new retail and recently renovated apartment communities. The ask price of $1,133,152 is 14% lower than the market comparables of $1,319,069 and an indication that the property could use some upgrades to achieve its full potential.

Listing Details MLS# 980898

Status Change Info

Pending Date: 2020-11-16
Closing Date: 2021-01-28

Contract Information

List Price/SqFt: 93.49
Allowance/Concession: No

Location

Street #: 2612
Street Name: Dakota
St Suffix: Street
Post Direction: NE
County: Bernalillo
City/Town Code: Albuquerque
State/Province: NM
Zip Code: 87110
Zip +4: 3362
MLS Area Major: 41 – Uptown
Zone Atlas: H18

CityCounty Data

Subdivision Name: Vista Encantada

General Property Description

# of Units: 20
5+ Units: Yes
Units for Sale: 20
Property Sub-Type: Multi-Family
Living Area: 12120
SqFt Source: Professional
Lot Size Source: On-Line
Acres: 0.39
Lot SqFt: 16901.28
Directions: From I-40 Louisiana, north to Menaul, west to Dakota, north to property
Stories: 2
Total Stories in Bldg: 2
Total # of Buildings: 2
Year Built: 1962
Year Built Exception: Unknown
Age: 51 – 60
Disability Access: Unknown
LBP Disclosure: Yes
Builder: Frank Alexander
Owner Occupant Unit: No
Multiple Lots: Two
Flood Zone: X

Basement

Basement: No

More Information

Sales Info

Trade/Xch Considered: No

# of Unit Types (1)

# of Units: 16
# of Bedrooms: Yes
# Baths: Yes
Approx. SqFt: 575
Actual Rent: 487
Max Rent: 500
Market Rent: 695

# of Unit Types (2)

# of Units: 4
# of Bedrooms: 2
# Baths: Yes
Approx. SqFt: 730
Actual Rent: 576
Max Rent: 575
Market Rent: 895

Unit Summary

Total Units: 20
Average Unit Size: 606
Average Actual Rent: 504.8
Annualized: 121152
Total Actual Rent: 10096

Currently Not Used

Bank Owned: No

City/County Data

UPC Code: 101805937129210215

Tax & Legal Info

GRT Code: 02-100
Tax Exemption: No
Tax Annual Amount: 6940.6

Construction Materials

Block: Yes
None: Yes

Amenities

Some Landscaping: Yes

Cooling

Evaporative Cooling: Yes

Flooring

Carpet: Yes
Vinyl: Yes

Heating

Central: Yes
Forced Air: Yes

Owner Pays

Other – See Remarks: Yes

Tenant Pays

Other – See Remarks: Yes

Income & Expenses

Annual Gross Income: 115094
Operating Expenses: 47105

Build Description

Resale: Yes

Appliances included

Refrigerator: Yes

Utilities

Electricity Connected: Yes
Natural Gas Connected: Yes
Sewer Connected: Yes
Water Connected: Yes

Electric Provider

Public Utility: Yes

Electric

None: Yes

Finance Considered

Cash: Yes
Conventional: Yes

Rental Info

Other – See Remarks: Yes

Source

Actual Record: Yes
Broker Provided: Yes
Owner Provided: Yes

Zoning

MX-M*: Yes

Property Features

Construction Materials: Block; None Build Description: Resale Amenities: Some Landscaping Appliances included: Refrigerator Utilities: Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected Heating: Central; Forced Air Cooling: Evaporative Cooling Flooring: Carpet; Vinyl Electric Provider: Public Utility Electric: None Owner Pays: Other – See Remarks Tenant Pays: Other – See Remarks Rental Info: Other – See Remarks Finance Considered: Cash; Conventional Source: Actual Record; Broker Provided; Owner Provided Zoning: MX-M*

Documents

Flyer & APOD ›

LO SO Letter to Buyers, Buyers Brokers ›

Lead Based Paint ›

Tax Levy Disclosure ›

Listing Office: NM Apartment Advisors, Inc.

Last Updated: January – 28 – 2021

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.