NOT LISTED FOR SALE

1515 8th St NW Albuquerque, NM 87102

Wells Park Neighborhood
2 Beds
1 Bath
8,640 Sq Ft
4,792 Sq Ft Lot

Last Sold August 01, 2019

162 Days on Market

Highlights

  • Wood Flooring
  • Evaporated cooling system
  • Heating System Uses Gas
  • Albuquerque High School Rated A-

About This Home

As of August 2019

NM Apartment Advisors is very excited to bring to market twelve-plex at 1515 8th NW, located in Downtown Albuquerque, this property has a high walk (65), bike (76), and transit (57) scores.The property's is walking distance Albuquerque's museum corridor, Tiguex Park and Old town and biking distance to the central business district.At the ask price of $732,707 and an average rent of $593, the measure of investment performance include a GRM of 8.59, a CAP rate of 6.25%, a price per unit of $61,059 a price per square foot of $84.80 a before tax IRR of 23.40% and an after tax IRR of 19.50%.If rents were raised to market of $643, the measure of investment performance improve to a cap rate of 7.40%. These townhouse style units are all two bedrooms and one bathroom that includes w

Last Agent to Sell the Property

Todd Clarke

NM Apartment Advisors, Inc. License #13711 Listed on: 12/05/2018

Last Buyer's Agent

Nonmls Nonmls

Non Member of SWMLS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,495

Year Built

  • Built in 1920

Lot Details

  • 4,792 Sq Ft Lot

Home Design

  • Frame Construction

Interior Spaces

  • 8,640 Sq Ft Home
  • Property has 2 Levels

Flooring

  • Wood
  • CRI Green Label Plus Certified Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Laundry

  • Laundry in Garage
  • Washer and Dryer Hookup

Utilities

  • Evaporated cooling system
  • Heating System Uses Gas

Community Details

  • 8,640 Sq Ft Building
  • Albright Moore Add Subdivision

Listing and Financial Details

  • Assessor Parcel Number 101405806645122407

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,495

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Directions: From I-40 and 12th Street south to Bellamah, east to 8th and the property.
  • Listing Contract Date: 2018-12-05
  • Year Built: 1920
  • Lot Size Acres: 0.11
  • Subdivision Name: Albright Moore Add
  • Unit Levels: Two
  • New Construction: No
  • ResoBuildingAreaSource: Appraiser
  • Special Features: None

Interior Features

  • Flooring: Carpet, Tile, Wood
  • Appliances: Refrigerator
  • Stories: 2
  • Number Of Buildings: 1
  • Basement YN: No
  • Total Bedrooms: 2
  • Living Area: 8640.0
  • Stories: 2
  • ResoLivingAreaSource: Appraiser

Exterior Features

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

Utilities

  • Cooling: Evaporative Cooling
  • Heating: Gas
  • Utilities: Municipal Utilities
  • Laundry Features: Washer Hookup, Dryer Hookup, In Unit
  • Cooling Y N: Yes
  • Heating Yn: Yes

Lot Info

  • Lot Size Sq Ft: 4792.0
  • Parcel #: 101405806645122407
  • Zoning Description: R-1A*

Rental Info

  • Tenant Pays: Other, See Remarks

Multi Family

  • Number Of Units Total: 12

Tax Info

  • Tax Annual Amount: 1495.0

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 Change Sq Ft Price
08/01/2019 08/01/19 Sold -- -- --
05/16/2019 05/16/19 Pending -- -- --
12/05/2018 12/05/18 For Sale $649,500 -- $75 / 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 2019

    Todd Clarke

    NM Apartment Advisors, Inc.

    (505) 480-8885

    1 in this area

    225 Total Sales

    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: 933520

Southwest MLS (Greater Albuquerque Association of REALTORS®)

APN: 1-014-058-066-460-2-24-08

New Mexico Bernalillo County Albuquerque 87102 Wells Park

1515 8th St NW, Albuquerque, NM

This home is located at 1515 8th St NW, Albuquerque, NM 87102 since 05 December 2018. This property was built in 1920. 1515 8th St NW is a home located in Bernalillo County with nearby schools including Reginald Chavez Elementary, Washington 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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