12100 Candelaria RD NE Pending Save Request In-Person Tour Request Virtual Tour
Albuquerque,NM 87112
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Pending
Purchase Type For Sale
Square Footage 3,318 sqft
Price per Sqft $195
Subdivision Brentwood Hill
MLS Listing ID 1077130
Bedrooms 2
Construction Status Resale
HOA Y/N No
Year Built 1989
Annual Tax Amount $3,646
Lot Size 0.300 Acres
Acres 0.3
Lot Dimensions Public Records
Property Sub-Type Quadruplex
Property Description
The property contains four, large one-story courtyard style apartment homes with unique, very private backyards and patio spaces. Each apartment is also separately metered for gas and electric. Large parking lot accommodates plenty of off street parking. The same owner also own the fourplexes to the east, 12120 Candelaria NE which will be available for sale at $750,000, after 12100 Candelaria NE closes. The owner is willing to make both available to an investor who is looking for 8 units.Measures of investment performance at ask price of $650,000 and average rents of $1,125 are a GRM of 12.04, a 6.19% cap rate, $162,500 per unit.Assuming a new loan with a 25% down payment, an interest rate of 6.25% and 30 year amortization, an owner can live on the property for as little $82
Location
State NM
County Bernalillo
Area 50 - Northeast Heights
Interior
Heating Central, Forced Air
Cooling Evaporative Cooling
Flooring Carpet, Tile
Fireplace No
Appliance Refrigerator
Exterior
Community Features Laundry Facilities
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Total Parking Spaces 8
Building
Story 1
Entry Level One
Level or Stories One
New Construction No
Construction Status Resale
Others
Tax ID 102205934953512533
Acceptable Financing Cash,Conventional,FHA,VA Loan
Green/Energy Cert None
Listing Terms Cash,Conventional,FHA,VA Loan