NOT LISTED FOR SALE

199 Monte Alto Place NE Albuquerque, NM 87123

The Heights Neighborhood
2 Beds
1 Bath
3,145 Sq Ft
6,534 Sq Ft Lot

Last Sold April 28, 2017

6 Days on Market

Highlights

  • Evaporated cooling system
  • Landscaped
  • Laundry Facilities
  • Patio
  • Baseboard Heating
  • CRI Green Label Plus Certified Carpet

About This Home

As of April 2017

All Units have been renovated and the 4 plex is fully leased (tenants have been long term) with new 1 year lease agreements in place. Great location, easy access to I40 and many amenities!2 parking spaces per unit.Cap rate 7.5% based on NOI of $16,995.24However actual cap rate will be based on area comparables

Last Agent to Sell the Property

Diane Wild

Grassroots Realty NM, LLC License #16553 Listed on: 03/10/2017

Last Buyer's Agent

James Pitts

Berkshire Hathaway NM Prop License #12275

Berkshire Hathaway NM Prop

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,584

Year Built

  • Built in 1978

Lot Details

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

Parking

  • 8 Parking Spaces

Home Design

  • Quadruplex
  • Frame Construction

Interior Spaces

  • 3,145 Sq Ft Home
  • Property has 2 Levels

Kitchen

  • Free-Standing Electric Range
  • Dishwasher
  • Disposal

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 102305607646620405

Community Details

Overview

  • 3,145 Sq Ft Building
  • G Los Cerros Sub Subdivision

Additional Features

  • Laundry Facilities
  • Gross Income $24,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,584

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Quadruplex
  • Directions: From Tramway and I40, go north on Tramway to the first right which is Encantado Road, turn right, then right on Monte Alto Drive, then left on Huerfano Rd. then right on Monte Alto Place to the property on the right
  • Listing Contract Date: 2017-03-08
  • Year Built: 1978
  • Lot Size Acres: 0.15
  • Subdivision Name: G Los Cerros Sub
  • Unit Levels: Two
  • Year Built Details: 31 - 40
  • Property Sub Type Additional: Quadruplex
  • ResoBuildingAreaSource: Plans
  • Special Features: None

Interior Features

  • Flooring: Carpet, Vinyl
  • Appliances: Dishwasher, Free-Standing Electric Range, Disposal, Refrigerator
  • Stories: 2
  • Number Of Buildings: 1
  • Basement YN: No
  • Total Bedrooms: 2
  • Living Area: 3145.0
  • ResoLivingAreaSource: Plans

Exterior Features

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

Garage/Parking

  • Total Parking Spaces: 8.0

Utilities

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

Condo/Co-op/Association

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

Lot Info

  • Lot Size Sq Ft: 6534.0
  • Additional Parcels: Yes
  • Parcel #: 102305607646620405
  • Zoning Description: R-2

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 24000.0

Tax Info

  • Tax Annual Amount: 2583.76

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
04/28/2017 04/28/17 Sold -- -- --
03/16/2017 03/16/17 Pending -- -- --
03/10/2017 03/10/17 For Sale $225,000 -- $72 / Sq Ft
Source: Southwest MLS (Greater Albuquerque Association of REALTORS®)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2017

    Diane Wild

    Grassroots Realty NM, LLC

  • James Pitts

    Buyer's Agent in 2017

    James Pitts

    Berkshire Hathaway NM Prop

    (505) 620-2535

    1 in this area

    41 Total Sales

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Map

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

MLS Number: 886348

Southwest MLS (Greater Albuquerque Association of REALTORS®)

APN: 1-023-056-076-466-2-04-05

New Mexico Bernalillo County Albuquerque 87123 The Heights

199 Monte Alto Place NE, Albuquerque, NM

This home is located at 199 Monte Alto Place NE, Albuquerque, NM 87123 since 10 March 2017. This property was built in 1978. 199 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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