NOT LISTED FOR SALE

12621 Copperwood Dr NE Albuquerque, NM 87123

Chelwood Vista Neighborhood
2 Beds
1 Bath
3,400 Sq Ft
9,583 Sq Ft Lot

Last Sold March 24, 2022

Highlights

  • Evaporated cooling system
  • Carpet
  • Property has 1 Level
  • Forced Air Heating System

About This Home

As of March 2022

This beautiful fourplex is like a series of side by side patio homes. Located in the NE heights, nestled just west of the stunning Sandia mountain foothills, this value add property also has potential for an owner occupant as two units are coming vacant in the near future. Each unit has its own backyard space, washer/dryer hookups and kitchen area to the living space.Measures of investment performance at ask price of $335,506 with a current average rent of $644 are a GRM of 10.86, a 4.99% cap rate before reserves, 4.72% cap rate after reserves, 14.80% after tax IRR, $83,877 per unit, and a price per sf of $98.68.If all of the unit rents are raised to the market of $835, the measure of investment performance improve to a cap rate of 7.34%.

Last Agent to Sell the Property

Todd Clarke

NM Apartment Advisors, Inc. License #13711 Listed on: 01/17/2022

Last Buyer's Agent

Kyle Deacon

Deacon Property Services License #15579

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,183

Year Built

  • Built in 1979

Lot Details

  • 9,583 Sq Ft Lot
  • Additional Parcels

Parking

  • 6 Parking Spaces

Home Design

  • Quadruplex
  • Frame Construction

Interior Spaces

  • 3,400 Sq Ft Home
  • Property has 1 Level
  • Carpet

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Utilities

  • Evaporated cooling system
  • Forced Air Heating System
  • Electricity Not Available
  • Natural Gas Connected

Listing and Financial Details

  • Assessor Parcel Number 102205724829020750

Community Details

Overview

  • 3,400 Sq Ft Building
  • Copperwood Park Subdivision

Building Details

  • Operating Expense $15,838
  • Gross Income $29,355

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,183

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Quadruplex
  • Directions: From I-40 and Juan Tabo, north Copper, east Copperwood, north Copperwood north to th e property.
  • Listing Contract Date: 2022-01-13
  • Year Built: 1979
  • Lot Size Acres: 0.22
  • Subdivision Name: Copperwood Park
  • Unit Levels: One
  • New Construction: No
  • Year Built Details: 41 - 50
  • Property Sub Type Additional: Quadruplex
  • ResoBuildingAreaSource: Appraiser
  • Special Features: VirtualTour

Interior Features

  • Flooring: Carpet
  • Appliances: Refrigerator
  • Stories: 1
  • Number Of Buildings: 1
  • Basement YN: No
  • Total Bedrooms: 2
  • Living Area: 3400.0
  • Stories: 1
  • ResoLivingAreaSource: Appraiser

Exterior Features

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

Garage/Parking

  • Total Parking Spaces: 6.0

Utilities

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

Lot Info

  • Lot Size Sq Ft: 9583.2
  • Additional Parcels: Yes
  • Parcel #: 102205724829020750
  • Zoning Description: R-ML*

Rental Info

  • Tenant Pays: Other, See Remarks

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 29355.0
  • Annual Operating Expense: 15838.0

Tax Info

  • Tax Annual Amount: 3182.84

Range of Values:

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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
03/24/2022 03/24/22 Sold -- -- --
01/17/2022 01/17/22 Pending -- -- --
01/17/2022 01/17/22 For Sale $335,506 -- $99 / 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 2022

    Todd Clarke

    NM Apartment Advisors, Inc.

    (505) 480-8885

    3 in this area

    228 Total Sales

    Todd Clarke
    Section Image

  • K

    Buyer's Agent in 2022

    Kyle Deacon

    Deacon Property Services

    (505) 878-0100

    3 in this area

    167 Total Sales

    Kyle Deacon
    Section Image
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Map

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

MLS Number: 1007342

Southwest MLS (Greater Albuquerque Association of REALTORS®)

APN: 1-022-057-248-290-2-07-50

New Mexico Bernalillo County Albuquerque 87123 Chelwood Vista

12621 Copperwood Dr NE, Albuquerque, NM

This home is located at 12621 Copperwood Dr NE, Albuquerque, NM 87123 since 17 January 2022. This property was built in 1979. 12621 Copperwood Dr NE is a home located in Bernalillo County with nearby schools including Apache Elementary School, Kennedy Middle School, and Manzano 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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