5613 CENTRAL Avenue NW, Albuquerque, NM 87105

$900,000
Property Type: Residential Income Square Footage: 6,300 Lot Size (sq. ft.): 15,682 Status: Closed
Current Price: $900,000 List Date: 6/24/2022 Last Modified: 11/26/2024

Overview

Description

**Under Contract Taking Backup** Offers. OWNER FINANCING IS AVAILABLE. Located along historic Route 66 and across from City of Albuquerque Fire Station #7, this property provides convenience to tenants utilizing ART Rapid Transit. It experienced a complete remodel in 2019. This included a new roof, some new plumbing, electrical, paint & stucco, heaters and coolers in all units and new kitchenettes in all units. Current below-market rents provide huge upside to new ownership. Income/Expense information can be found in Documents Section of the listing.

Listing Details MLS# 1017861

Status Change Info

Pending Date
2022-07-05
Closing Date
2022-09-01

Contract Information

List Price/SqFt
142.86

Location

Street #
5613
Street Name
CENTRAL
St Suffix
Avenue
Post Direction
NW
County
Bernalillo
City/Town Code
Albuquerque
State/Province
NM
Zip Code
87105
MLS Area Major
111 – Ladera Heights
Zone Atlas
K11

General Property Description

# of Units
19
5+ Units
Yes
Property Sub-Type
Multi-Family
Living Area
6300
Lot Size Source
On-Line
Acres
0.36
Lot SqFt
15681.6
Directions
From Coors and Central, take Coors East until 57th Street.
Stories
Yes
Total # of Buildings
2
Year Built
1940
Age
81 – 99
Disability Access
No
LBP Disclosure
Yes
Builder
Unknown
Owner Occupant Unit
No
Flood Zone
X

Basement

Basement
No

Sales Info

Trade/Xch Considered
No

More Information

# of Unit Types (1)

# of Units
10
# Baths
Yes
Style
Studio
Approx. SqFt
490
Actual Rent
581
Max Rent
665
Market Rent
665

# of Unit Types (2)

# of Units
9
# Baths
Yes
Style
Studio
Approx. SqFt
156
Actual Rent
454
Max Rent
545
Market Rent
550

Unit Summary

Total Units
19
Average Unit Size
331.78
Average Actual Rent
520.84
Annualized
118752
Total Actual Rent
9896

Currently Not Used

Bank Owned
No

City/County Data

UPC Code
101105727135910901

Tax & Legal Info

GRT Code
02-100
Tax Exemption
No
Tax Annual Amount
3869.32

Construction Materials

Frame
Yes
Stucco
Yes

Amenities

Outside Lights
Yes

Cooling

Refrigerated
Yes

Flooring

Tile
Yes

Heating

Ductless
Yes

Owner Pays

Electric
Yes
Gas
Yes
Maintenance
Yes
Parking
Yes
Sewer
Yes
Trash Removal
Yes
Water
Yes

Tenant Pays

None
Yes

Build Description

Resale
Yes

Appliances included

Free-Standing Electric Range
Yes
Refrigerator
Yes

Utilities

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

Electric Provider

Public Utility
Yes

Electric

None
Yes

Metering

All Master Metering
Yes

Parking

Paved
Yes

Roof

TPO (G)
Yes

Finance Considered

Cash
Yes
Conventional
Yes
FHA
Yes
Owner Financing
Yes

Rental Info

Call Listing Broker
Yes
Other – See Remarks
Yes

Zoning

MX-M*
Yes

Property Features

Construction Materials: Frame; Stucco Build Description: Resale Amenities: Outside Lights Appliances included: Free-Standing Electric Range; Refrigerator Utilities: Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected Heating: Ductless Cooling: Refrigerated Flooring: Tile Electric Provider: Public Utility Electric: None Metering: All Master Metering Owner Pays: Electric; Gas; Maintenance; Parking; Sewer; Trash Removal; Water Tenant Pays: None Parking: Paved Roof: TPO (G) Rental Info: Call Listing Broker; Other – See Remarks Finance Considered: Cash; Conventional; FHA; Owner Financing Zoning: MX-M*

Documents

Listing Office: NAI SunVista Commercial RE
Last Updated: November – 26 – 2024
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.
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