NOT LISTED FOR SALE

12204 Menaul Blvd NE Albuquerque, NM 87112

Oñate Neighborhood
3 Beds
2 Baths
3,203 Sq Ft
10,019 Sq Ft Lot

Last Sold October 31, 2023

59 Days on Market

Highlights

  • Wood Burning Stove
  • Evaporated cooling system
  • Landscaped
  • Onate Elementary School Rated A-
  • Tile Flooring
  • Forced Air Heating System

About This Home

As of October 2023

Located just a few blocks west of the Sandia mountain foothills at 12204 Menaul NE, the unit mix includes:- Unit A is a 1,274 square foot, 3 bedroom / 2 bathroom with a 2 car garage.- Unit B is a 1,100 square foot, 2 bedroom, 1bathroom home.- Unit C is a 829 square foot, 2 bedroom, 1 bathroom home.Each residence has its own private area and/or backyard.Besides the spacious units, the main amenity for this property is the quiet and serene NE Heights neighborhood close to foothills trails and shopping.Measures of investment performance at ask price of $544,764 and current average rent of $1,275 are a GRM of 11.87, a 5.44% cap rate, $181,588 per unit, $170/sf and an after tax IRR of 9.80%, with the potential to lower an investors effective federal tax rate from 35% to 5%

Last Agent to Sell the Property

Todd Clarke

NM Apartment Advisors, Inc. License #13711 Listed on: 08/04/2023

Last Buyer's Agent

Sutter Sugar

Q Realty License #20090

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,976

Year Built

  • Built in 1977

Lot Details

  • 10,019 Sq Ft Lot
  • Landscaped
  • Additional Parcels

Home Design

  • Triplex
  • Frame Construction

Interior Spaces

  • 3,203 Sq Ft Home
  • Property has 1 Level
  • Wood Burning Stove
  • Tile Flooring

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Utilities

  • Evaporated cooling system
  • Forced Air Heating System
  • Natural Gas Connected
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 102205939028210227

Community Details

Overview

  • 3,203 Sq Ft Building
  • Brentwood Hills Subdivision

Building Details

  • Operating Expense $14,635
  • Gross Income $43,605

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,976

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Triplex
  • Directions: From I-40 and Tramway, north to Menaul, west to property.
  • Listing Contract Date: 2023-08-03
  • Year Built: 1977
  • Lot Size Acres: 0.23
  • Subdivision Name: Brentwood Hills Subdivision
  • Unit Levels: One
  • New Construction: No
  • Year Built Details: 41 - 50
  • Property Sub Type Additional: Triplex
  • Special Features: None

Interior Features

  • Flooring: Tile
  • Appliances: Refrigerator
  • Stories: 1
  • Number Of Buildings: 1
  • Basement YN: No
  • Total Bedrooms: 3
  • Living Area: 3203.0
  • Stories: 1

Exterior Features

  • Exterior Features: Landscaping
  • Disclosures: Lead Based Paint Disclosure, RANM 2100 Disclosure
  • Builder Name: Unknown
  • Construction Type: Frame
  • Property Condition: Resale

Utilities

  • Cooling: Evaporative Cooling
  • Electric: None
  • Heating: Central, Forced Air, Wood Stove
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Cooling Y N: Yes
  • Heating Yn: Yes

Green Features

  • Green Power: None

Lot Info

  • Lot Size Sq Ft: 10018.8
  • Additional Parcels: Yes
  • Parcel #: 102205939028210227
  • Zoning Description: R-ML*

Rental Info

  • Tenant Pays: Other, See Remarks

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 43605.0
  • Annual Operating Expense: 14635.0

Tax Info

  • Tax Annual Amount: 2975.78

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
10/31/2023 10/31/23 Sold -- -- --
10/03/2023 10/03/23 Pending -- -- --
08/18/2023 08/18/23 For Sale $544,764 0.0% $170 / Sq Ft
08/15/2023 08/15/23 Pending -- -- --
08/04/2023 08/04/23 For Sale $544,764 -- $170 / 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 2023

    Todd Clarke

    NM Apartment Advisors, Inc.

    (505) 480-8885

    1 in this area

    225 Total Sales

    Todd Clarke
    Section Image

  • S

    Buyer's Agent in 2023

    Sutter Sugar

    Q Realty

    (505) 750-0059

    2 in this area

    59 Total Sales

    Sutter Sugar
    Section Image
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Map

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

MLS Number: 1039239

Southwest MLS (Greater Albuquerque Association of REALTORS®)

APN: 1-022-059-390-282-1-02-27

New Mexico Bernalillo County Albuquerque 87112 Oñate

12204 Menaul Blvd NE, Albuquerque, NM

This home is located at 12204 Menaul Blvd NE, Albuquerque, NM 87112 since 04 August 2023. This property was built in 1977. 12204 Menaul Blvd NE is a home located in Bernalillo County with nearby schools including Onate Elementary School, Eldorado High School, and Jackson Middle 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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