NOT LISTED FOR SALE

1320 Dr Martin Luther King jr Ave NE Albuquerque, NM 87106

Sycamore Neighborhood
1 Bed
1 Bath
335 Sq Ft
9,583 Sq Ft Lot

Last Sold September 18, 2023

131 Days on Market

Highlights

  • Evaporated cooling system
  • Community Storage Space
  • 4-minute walk to Spruce Park
  • Monte Vista Elementary School Rated A-
  • Wall Furnace

About This Home

As of September 2023

This property contains twelve studios plus five garages. The property is 100% occupied and the garages are all rented out. The property is located very near UNM and close to Presbyterian & Lovelace Hospitals. Some of the units have been updated and remodeled to suit the modern tenant. Great investment for short term rentals.

Last Agent to Sell the Property

John Lucero

Realty One of New Mexico, LLC License #47657 Listed on: 02/16/2023

Realty One of New Mexico, LLC

Last Buyer's Agent

Steven Etkind

Signature Real Estate License #47333

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,894

Year Built

  • Built in 1978

Lot Details

  • 9,583 Sq Ft Lot

Home Design

  • Frame Construction

Interior Spaces

  • Property has 2 Levels
  • Laminate Flooring
  • Free-Standing Electric Range

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Utilities

  • Evaporated cooling system
  • Wall Furnace
  • Natural Gas Connected

Community Details

  • 12 Units
  • Community Storage Space

Listing and Financial Details

  • Tenant pays for electricity, gas, parking fee
  • Assessor Parcel Number 101505725441022907

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,894

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Directions: From University & Dr. Martin Luther King Jr. drive West On Dr. Martin Luther King Jr. to Sycamore. Property is on the corner of Dr. Martin Luther King Jr. & Sycamore.
  • Listing Contract Date: 2023-02-06
  • Year Built: 1978
  • Lot Size Acres: 0.22
  • Unit Levels: Two
  • New Construction: No
  • Year Built Details: 51 - 60
  • Special Features: VirtualTour

Interior Features

  • Flooring: Laminate
  • Appliances: Free-Standing Electric Range
  • Stories: 2
  • Number Of Buildings: 1
  • Basement YN: No
  • Total Bedrooms: 1

Exterior Features

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

Utilities

  • Cooling: Evaporative Cooling
  • Electric: None
  • Heating: Wall Furnace
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Storage Facilities

Lot Info

  • Lot Size Sq Ft: 9583.2
  • Parcel #: 101505725441022907
  • Zoning Description: R-T*

Rental Info

  • Tenant Pays: Electricity, Gas, Parking Fee

Multi Family

  • Number Of Units Total: 12

Tax Info

  • Tax Annual Amount: 1893.76

Range of Values:

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Average Value
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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 List to Sale Price per Sq Ft Prior Sale
09/18/2023 09/18/23 Sold -- -- --
06/28/2023 06/28/23 Pending -- -- --
05/15/2023 05/15/23 Price Changed $1,200,000 -7.7% $3,582 / Sq Ft
05/03/2023 05/03/23 Price Changed $1,300,000 -3.7% $3,881 / Sq Ft
02/16/2023 02/16/23 For Sale $1,350,000 +38.5% $4,030 / Sq Ft
11/15/2022 11/15/22 Sold -- -- -- View Prior Sale
10/11/2022 10/11/22 Pending -- -- --
10/02/2022 10/02/22 For Sale $975,000 -- $243 / Sq Ft
Source: Southwest MLS (Greater Albuquerque Association of REALTORS®)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • John Lucero

    Seller's Agent in 2023

    John Lucero

    Realty One of New Mexico, LLC

    (505) 507-9671

    5 in this area

    59 Total Sales

    John Lucero
    Section Image

  • S

    Buyer's Agent in 2023

    Steven Etkind

    RE/MAX

    (505) 263-1500

    1 in this area

    20 Total Sales

    Steven Etkind
    Section Image
  • Gladys Delgado

    Buyer Co-Listing Agent in 2023

    Gladys Delgado

    RE/MAX

    (505) 321-9819

    1 in this area

    32 Total Sales

    Gladys Delgado
    Section Image
  • Bruce Golden

    Seller's Agent in 2022

    Bruce Golden

    Berger Briggs RE & Prop Mgmt

    (505) 670-3240

    4 in this area

    11 Total Sales

    Bruce Golden
    Section Image
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Map

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

MLS Number: 1029716

Southwest MLS (Greater Albuquerque Association of REALTORS®)
New Mexico Bernalillo County Albuquerque 87106 Sycamore

1320 Dr Martin Luther King jr Ave NE, Albuquerque, NM

This home is located at 1320 Dr Martin Luther King jr Ave NE, Albuquerque, NM 87106 since 16 February 2023. This property was built in 1978. 1320 Dr Martin Luther King jr Ave NE is a home located in Bernalillo County with nearby schools including Monte Vista Elementary School, Jefferson 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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