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Esteban Montano

estbnmontano@aol.com +1(505) 450-4362

Listed by NM Apartment Advisors, Inc.

$ 650,000

Est. payment -/mo

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Active

12100 Candelaria RD NE Albuquerque, NM 87112

2 Beds

1 Bath

3,318 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

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

Esteban Montano

Broker | License ID: 51460

+1(505) 450-4362

Esteban Montano

12100 Candelaria RD NE Albuquerque, NM 87112

Key Details

Location

Interior

Exterior

Building

Others

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12100 Candelaria RD NE