NOT LISTED FOR SALE

1510 Pennsylvania St NE Albuquerque, NM 87110

Snow Heights Neighborhood
3 Beds
2 Baths
-- Sq Ft
0.34 Acres

Last Sold October 15, 2019

4 Days on Market

Highlights

  • Tile Flooring
  • Sandia High School Rated A
  • 2-minute walk to Winrock Park

About This Home

As of October 2019

NM Apartment Advisors is excited to have listed this fabulous owner occupant style fourplex at 1510 Pennsylvania NE with extremely large units - including a 1,800 owners unit and three, yes, three 1,500 square foot units. Property has an amazing location - walking distance to Uptown and just east of Winrock with a good walk (61), bike (86), and transit (36) scores. Built in 1967, the property has been well maintained and kept a lot of its original charm.At the ask price of $537,000 and an average rent of $928 the measure of investment performance include a GRM of 12.06, a CAP rate of 5.30%, a price per unit of $134,250, a price per square foot of $84.12 and an after tax IRR of 14.60%.If the rents are raised to market average of $1,369 the measure of investment performance impr

Last Agent to Sell the Property

Todd Clarke

NM Apartment Advisors, Inc. License #13711 Listed on: 08/02/2019

Last Buyer's Agent

Nonmls Nonmls

Non Member of SWMLS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,969

Year Built

  • Built in 1967

Lot Details

  • 0.34 Acre Lot
  • Additional Parcels

Home Design

  • Quadruplex
  • Brick Exterior Construction
  • Frame Construction

Interior Spaces

  • Property has 2 Levels

Flooring

  • CRI Green Label Plus Certified Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Utilities

  • Natural Gas Connected
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 101905827941611525

Community Details

Overview

  • 6 Buildings
  • 4 Units
  • Built by Snow
  • Snow Heights Add Subdivision

Building Details

  • Operating Expense $13,971
  • Gross Income $42,294

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,969

Year Built

Built in 1967

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Quadruplex
  • Directions: From I-40 and Louisiana, north, to Indian School, east to Pennsylvania, south to property.
  • Listing Contract Date: 2019-08-02
  • Year Built: 1967
  • Lot Size Acres: 0.34
  • Subdivision Name: Snow Heights Add
  • Unit Levels: Two
  • New Construction: No
  • Year Built Details: 41 - 50
  • Property Sub Type Additional: Quadruplex
  • Special Features: VirtualTour

Interior Features

  • Flooring: Carpet, Tile
  • Appliances: Refrigerator
  • Stories: 2
  • Number Of Buildings: 6
  • Basement YN: No
  • Total Bedrooms: 3
  • Stories: 2

Exterior Features

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

Utilities

  • Cooling: Other, See Remarks
  • Heating: Other, See Remarks
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected

Lot Info

  • Lot Size Sq Ft: 14810.4
  • Additional Parcels: Yes
  • Parcel #: 101905827941611525
  • Zoning Description: MX-M*

Rental Info

  • Tenant Pays: Other, See Remarks

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 42294.0
  • Annual Operating Expense: 13971.0

Tax Info

  • Tax Annual Amount: 4969.28

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
10/15/2019 10/15/19 Sold -- -- --
08/06/2019 08/06/19 Pending -- -- --
08/02/2019 08/02/19 For Sale $537,000 -- --
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 2019

    Todd Clarke

    NM Apartment Advisors, Inc.

    (505) 480-8885

    230 Total Sales

    Todd Clarke
    Section Image

  • N

    Buyer's Agent in 2019

    Nonmls Nonmls

    Non Member of SWMLS

See All Agents

Map

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

MLS Number: 950967

Southwest MLS (Greater Albuquerque Association of REALTORS®)

APN: 1-019-058-279-416-1-15-25

New Mexico Bernalillo County Albuquerque 87110 Snow Heights

1510 Pennsylvania St NE, Albuquerque, NM

This home is located at 1510 Pennsylvania St NE, Albuquerque, NM 87110 since 02 August 2019. This property was built in 1967. 1510 Pennsylvania St NE is a home located in Bernalillo County with nearby schools including Inez Elementary School, Grant Middle School, and Sandia 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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