NOT LISTED FOR SALE

1021 Coal Ave SW Albuquerque, NM 87102

-- Bed
1 Bath
17,700 Sq Ft
0.66 Acres

Last Sold January 21, 2020

360 Days on Market

Highlights

  • Evaporated cooling system
  • CRI Green Label Plus Certified Carpet
  • Heating System Uses Gas
  • Albuquerque High School Rated A-

About This Home

As of January 2020

Gated community with 29 units, two downtown parking lots, laundry facility and three x 2 car garages plus a management office.Measures of investment performance at ask price of $2,120,000 and current average rent of $615 are a GRM of 10.20, a 6.82% cap rate, $73,103 per unit, $104/sf. If rents are raised to market average of $856, measures of investment performance increase to a GRM of 7.12, and a 9.63% cap rate.Recent downtown rent survey on pages 8-12. Owners are currently renovating unit 28 with an anticipated market rent of $850.Note recent improvements - new roof is being installed, high speed property wide wi-fi internet, and three units undergoing upgrades and rent increases as we speak.Need to close quickly? - check out what this property has done: - recent i

Last Agent to Sell the Property

Todd Clarke

NM Apartment Advisors, Inc. License #13711 Listed on: 12/10/2018

Last Buyer's Agent

Kyle Deacon

Deacon Property Services License #15579

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,024

Year Built

  • Built in 1986

Lot Details

  • 0.66 Acre Lot
  • Additional Parcels

Home Design

  • Frame Construction

Interior Spaces

  • 1 Bathroom
  • 17,700 Sq Ft Home
  • Property has 2 Levels

Flooring

  • CRI Green Label Plus Certified Carpet
  • Vinyl

Utilities

  • Evaporated cooling system
  • Heating System Uses Gas

Community Details

  • 29 Units
  • 17,700 Sq Ft Building
  • Built by Keith
  • Raynolds Add Subdivision

Listing and Financial Details

  • Assessor Parcel Number 101305743833611701

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,024

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Directions: From I-25 and Coal/Lead - west on Coal to 816, 1021 and 1116 Coal SW
  • Listing Contract Date: 2018-09-25
  • Year Built: 1986
  • Lot Size Acres: 0.66
  • Subdivision Name: Raynolds Add
  • Unit Levels: Two
  • New Construction: No
  • Year Built Details: 21 - 30
  • Special Features: VirtualTour

Interior Features

  • Flooring: Carpet, Vinyl
  • Appliances: Refrigerator
  • Stories: 2
  • Number Of Buildings: 6
  • Basement YN: No
  • Living Area: 17700.0
  • Stories: 2

Exterior Features

  • Disclosures: RANM 2100 Disclosure
  • Builder Name: Keith
  • Construction Type: Frame
  • Property Condition: Resale

Utilities

  • Cooling: Evaporative Cooling
  • Heating: Gas
  • Utilities: Municipal Utilities
  • Cooling Y N: Yes
  • Heating Yn: Yes

Lot Info

  • Lot Size Sq Ft: 28749.6
  • Additional Parcels: Yes
  • Parcel #: 101305743833611701
  • Zoning Description: MX-L*

Rental Info

  • Tenant Pays: Other, See Remarks

Multi Family

  • Number Of Units Total: 29

Tax Info

  • Tax Annual Amount: 14023.58

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/21/2020 01/21/20 Sold -- -- --
12/05/2019 12/05/19 Pending -- -- --
12/04/2019 12/04/19 For Sale $2,120,000 +3.4% $120 / Sq Ft
10/31/2019 10/31/19 Pending -- -- --
12/10/2018 12/10/18 For Sale $2,050,611 -- $116 / Sq Ft
Source: Southwest MLS (Greater Albuquerque Association of REALTORS®)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Todd Clarke

    Seller's Agent in 2020

    Todd Clarke

    NM Apartment Advisors, Inc.

    (505) 480-8885

    226 Total Sales

    Section Image

  • K

    Buyer's Agent in 2020

    Kyle Deacon

    Deacon Property Services

    (505) 878-0100

    171 Total Sales

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Map

Source: Southwest MLS (Greater Albuquerque Association of REALTORS®)

MLS Number: 933862

Southwest MLS (Greater Albuquerque Association of REALTORS®)

APN: 1-013-057-438-336-1-17-01

New Mexico Bernalillo County Albuquerque 87102

1021 Coal Ave SW, Albuquerque, NM

This home is located at 1021 Coal Ave SW, Albuquerque, NM 87102 since 10 December 2018. This property was built in 1986. 1021 Coal Ave SW is a home located in Bernalillo County with nearby schools including Lew Wallace Elementary, Washington Middle School, and Albuquerque High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Southwest MLS (Greater Albuquerque Association of REALTORS®) IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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