NOT LISTED FOR SALE

175 Monte Alto Place NE Albuquerque, NM 87123

The Heights Neighborhood
2 Beds
1 Bath
3,400 Sq Ft
6,534 Sq Ft Lot

Last Sold June 08, 2015

62 Days on Market

Highlights

  • Evaporated cooling system
  • Landscaped
  • Community Storage Space
  • Patio
  • Baseboard Heating
  • CRI Green Label Plus Certified Carpet

About This Home

As of June 2015

Adorable 850sf 2BR townhomes, each with private balcony and huge individually fenced backyard for playing or gardening. Fully rented at $650/per unit, brand new 12-month leases, awesome investment at 11.7% cap rate (NOI = $28,080/year). Great NE neighborhood with quick interstate access. $2,600/month gross, low maintenance, low management expense. Per the landlord-tenant law, please do NOT walk onto the property. Site visit and inspections allowed after accepted offer. Make offer subject to inspections. This is a fully occupied and fully performing investment. Just buy it and collect the rent!

Last Agent to Sell the Property

Jeffrey Poston

The Poston Company License #17897 Listed on: 01/30/2015

Last Buyer's Agent

Leonard Zamora

Ready Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,534

Lot Details

  • 6,534 Sq Ft Lot
  • Landscaped
  • Additional Parcels

Parking

  • 6 Parking Spaces

Home Design

  • Quadruplex
  • Frame Construction

Interior Spaces

  • 3,400 Sq Ft Home
  • Property has 2 Levels
  • Free-Standing Electric Range

Flooring

  • CRI Green Label Plus Certified Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Outdoor Features

  • Patio

Utilities

  • Evaporated cooling system
  • Baseboard Heating

Listing and Financial Details

  • Tenant pays for electricity
  • Assessor Parcel Number 102305607644520402

Community Details

Overview

  • 3,400 Sq Ft Building
  • Built by unnknown
  • Orona Add Subdivision

Additional Features

  • Community Storage Space
  • Gross Income $31,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,534

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Quadruplex
  • Directions: Tramway, go east on Encantado, right on Monte Alto DR, Veer left, then turn right on Monte Alto PL. Proceed south to Property.
  • Lot Size Acres: 0.15
  • Subdivision Name: Orona Add
  • Unit Levels: Two
  • Year Built Details: 31 - 40
  • Property Sub Type Additional: Quadruplex
  • Special Features: None

Interior Features

  • Flooring: Carpet, Vinyl
  • Appliances: Free-Standing Electric Range, Refrigerator
  • Stories: 2
  • Number Of Buildings: 1
  • Basement YN: No
  • Total Bedrooms: 2
  • Living Area: 3400.0

Exterior Features

  • Exterior Features: Landscaping, Patio
  • Disclosures: Lead Based Paint Disclosure
  • Builder Name: unnknown
  • Construction Type: Frame
  • Patio And Porch Features: Patio

Garage/Parking

  • Total Parking Spaces: 6.0

Utilities

  • Cooling: Evaporative Cooling
  • Heating: Baseboard
  • Utilities: Electricity Available, Municipal Utilities, Sewer Available
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Deck/Porch, Patio, Storage Facilities

Lot Info

  • Lot Size Sq Ft: 6534.0
  • Additional Parcels: Yes
  • Parcel #: 102305607644520402
  • Zoning Description: R-2

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 31200.0

Tax Info

  • Tax Annual Amount: 3534.38

Range of Values:

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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
06/08/2015 06/08/15 Sold -- -- --
04/02/2015 04/02/15 Pending -- -- --
01/30/2015 01/30/15 For Sale $200,000 +124.5% $59 / Sq Ft
11/26/2014 11/26/14 Sold -- -- --
11/05/2014 11/05/14 Pending -- -- --
10/21/2014 10/21/14 For Sale $89,100 -- $28 / Sq Ft
Source: Southwest MLS (Greater Albuquerque Association of REALTORS®)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2015

    Jeffrey Poston

    The Poston Company

  • L

    Buyer's Agent in 2015

    Leonard Zamora

    Ready Real Estate

  • T

    Seller's Agent in 2014

    Thomas Gallegos

    Coldwell Banker Legacy

  • Dana Wilson

    Buyer's Agent in 2014

    Dana Wilson

    Coldwell Banker Legacy

    (505) 400-4199

    43 Total Sales

    Dana Wilson
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Map

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

MLS Number: 832381

Southwest MLS (Greater Albuquerque Association of REALTORS®)

APN: 1-023-056-076-445-2-04-02

New Mexico Bernalillo County Albuquerque 87123 The Heights

175 Monte Alto Place NE, Albuquerque, NM

This home is located at 175 Monte Alto Place NE, Albuquerque, NM 87123 since 30 January 2015. 175 Monte Alto Place NE is a home located in Bernalillo County with nearby schools including Collet Park Elementary School, Grant 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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