NOT LISTED FOR SALE
1 Bed
1 Bath
2,550 Sq Ft
7,405 Sq Ft Lot

Sale Details

Date Sold: May 31, 2022

18 Days on Market

Highlights

  • Wood Flooring
  • Evaporated cooling system
  • Security Gate
  • Jefferson Middle School Rated A-
  • Patio
  • 4-minute walk to Highland Park

About This Home

As of May 2022

A great opportunity to own an investment property in the heart of Downtown Albuquerque! Completely fenced/gated/walled in, with access from the alley through secure fan-fold security gate that leads to 3 parking spaces for the back 3 units. Two units in front house, a casita in the middle and two units in the back building. most units have storage space either inside or out. All units are one bedroom/one bath featuring granite kitchen counter tops, hardwood floors and access to shared, on-site washer and dryer. Unit D was remodeled in 2020 and Unit C in 2021. Units C,D,E have refrigerated air. Close to medical, dining, shopping. With less than 5% vacancy rate, up to 5% potential CAP. and rental demand at an all time high now is the time to invest in the historic Downtown Route 66!

Last Agent to Sell the Property

NAOMI APODACA

Realty One of New Mexico License #REC20221201 Listed on: 03/02/2022

Realty One of New Mexico

Last Buyer's Agent

Kyle Deacon

Deacon Property Services License #15579

Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,565

Year Built

  • Built in 1925

Lot Details

  • 7,405 Sq Ft Lot
  • Additional Parcels
  • Zoning described as R-ML*

Parking

  • 6 Parking Spaces

Home Design

  • Frame Construction

Interior Spaces

  • 2,550 Sq Ft Home
  • Property has 1 Level
  • Wood Flooring
  • Security Gate
  • Free-Standing Gas Range

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Outdoor Features

  • Patio

Utilities

  • Evaporated cooling system
  • Refrigerated Cooling System
  • Window Unit Cooling System
  • Wall Furnace
  • Baseboard Heating
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 101505704537321512

Community Details

Overview

  • 5 Units
  • Brownewell And Lail Subdivision

Amenities

  • Laundry Facilities
  • Community Storage Space

Building Details

Security

  • Complex Is Fenced

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,565

Year Built

Built in 1925

Lot Details

7,405 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Directions: From Central and I25, head west one block to Elm, north on Elm immediately to the east is your new investment property. Street parking available on the East side of Elm. Alley Access is restricted to residents only.
  • Year Built: 1925
  • Lot Size Acres: 0.17
  • Subdivision Name: Brownewell and Lail
  • Unit Levels: One
  • New Construction: No
  • Structure Type: House
  • Year Built Details: 81 - 99
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring: Wood
  • Appliances: Free-Standing Gas Range, Refrigerator
  • Stories: 1
  • Number Of Buildings: 3
  • Basement YN: No
  • Total Bedrooms: 1
  • Living Area: 2550.0
  • Stories: 1

Exterior Features

  • Exterior Features: Patio
  • Disclosures: Lead Based Paint Disclosure, RANM 2100 Disclosure
  • Builder Name: unknown
  • Construction Type: Frame
  • Patio And Porch Features: Patio
  • Property Condition: Resale

Garage/Parking

  • Total Parking Spaces: 6.0

Utilities

  • Cooling: Evaporative Cooling, Refrigerated, Window Unit(s)
  • Electric: None
  • Heating: Baseboard, Electric, Wall Furnace
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Security: Complex Fenced, Security Gate
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Laundry Facilities, Patio, Storage Facilities

Lot Info

  • Lot Size Sq Ft: 7405.2
  • Additional Parcels: Yes
  • Parcel #: 101505704537321512
  • Zoning Description: R-ML*

Rental Info

  • Tenant Pays: Electricity, Gas, Other, See Remarks

Multi Family

  • Number Of Units Total: 5
  • Annual Gross Income: 37380.0
  • Annual Operating Expense: 14925.2

Tax Info

  • Tax Annual Amount: 2565.32

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 2, 2022
Closed on
May 28, 2022
Sold by
Bought by
Seller's Agent
NAOMI APODACA
Realty One of New Mexico
Buyer's Agent
Kyle Deacon
Deacon Property Services
List Price
$525,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$527,238
Outstanding Balance
$493,496
Interest Rate
5.11%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 21, 2015
Closed on
Dec 8, 2015
Sold by
Bought by
Seller's Agent
Erik Olson
CBRE, Inc.
Buyer's Agent
Erik Olson
NAI SunVista Commercial RE
List Price
$275,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.71%

Purchase Details

Closed on
Mar 17, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$155,000
Interest Rate
6.19%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 1, 1997
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Broadway Central Corridor, NM

See All Agents

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Fidelity National Title
-- Stewart
-- Fidelity National Title Co
-- Fidelity Natl Title Ins Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $527,238
Previous Owner $150,823
Previous Owner $159,000
Previous Owner $15,000
Previous Owner $155,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/31/2022 05/31/22 Sold -- -- --
03/22/2022 03/22/22 Pending -- -- --
03/04/2022 03/04/22 For Sale $525,000 +90.9% $206 / Sq Ft
12/08/2015 12/08/15 Sold -- -- -- View Prior Sale
11/16/2015 11/16/15 Pending -- -- --
09/21/2015 09/21/15 For Sale $275,000 -- $108 / Sq Ft
Source: Southwest MLS (Greater Albuquerque Association of REALTORS®)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $3,275 $77,508 $15,558 $61,950
2024 $3,175 $75,251 $15,105 $60,146
2023 $3,122 $73,059 $14,665 $58,394
2022 $1,706 $40,114 $11,421 $28,693
2021 $1,649 $38,947 $11,089 $27,858
2020 $1,622 $37,812 $10,766 $27,046
2019 $1,574 $36,711 $10,452 $26,259
2018 $1,518 $36,711 $10,452 $26,259
2017 $1,472 $35,642 $10,148 $25,494
2016 $1,429 $33,597 $9,566 $24,031
2015 $52,095 $52,095 $9,566 $42,529
2014 $2,212 $52,095 $9,566 $42,529
2013 -- $54,328 $9,566 $44,762
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

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

MLS Number: 1009867

Southwest MLS (Greater Albuquerque Association of REALTORS®)

APN: 1-015-057-045-373-2-15-12

Your Personal Tour Guide

Ask me questions while you tour the home.