Seller's Agent in 2022
Todd Clarke
NM Apartment Advisors, Inc.
(505) 480-8885
11 in this area
212 Total Sales
2129 Coal Ave SE Albuquerque, NM 87106
Silver Hill Neighborhood
--
Bed
1
Bath
5,138
Sq Ft
5,227
Sq Ft Lot
Highlights
- Evaporated cooling system
- Forced Air Heating System
- Property has 1 Level
- Monte Vista Elementary School Rated A-
About This Home
As of January 2022When this owner bought this property some 40 years ago, he remembers when the Frontier restaurant was just a corner coffee shop, not the economic power house it is today.Own your own piece of UNM/CNM history - located on the Northwest corner of Yale and Coal this 9 unit property contains multiple buildings on a .5038 acre MX-L zoned site. Addresses include 2129-2131 Coal SE as well as 405 Yale SE.At the ask price of $669,070 the measure of investment performance at current average rent of $689, include GRM of 8.99, 5.50% Cap rate after reserves, and an after tax IRR of 16.40%. If rents are moved to market of $814, measures of investment performance improve to 7.61 GRM, 7.56% Cap rate before reserves, and a cash on cash of 12.36% cash on cash.
Last Agent to Sell the Property
NM Apartment Advisors, Inc. License #13711 Listed on: 06/01/2021
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,050
Year Built
- Built in 1930
Lot Details
- 5,227 Sq Ft Lot
- Additional Parcels
Home Design
- Frame Construction
Interior Spaces
- 1 Bathroom
- 5,138 Sq Ft Home
- Property has 1 Level
Utilities
- Evaporated cooling system
- Forced Air Heating System
- Natural Gas Connected
Community Details
- 9 Units
- 5,138 Sq Ft Building
- Buena Vista Heights Addition Subdivision
Listing and Financial Details
- Assessor Parcel Number 101505750708640508
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/21/2022 01/21/22 | Sold | -- | -- | -- |
| 11/29/2021 11/29/21 | Pending | -- | -- | -- |
| 08/16/2021 08/16/21 | For Sale | $669,070 | 0.0% | $130 / Sq Ft |
| 06/25/2021 06/25/21 | Pending | -- | -- | -- |
| 06/01/2021 06/01/21 | For Sale | $669,070 | -- | $130 / Sq Ft |
Source: Southwest MLS (Greater Albuquerque Association of REALTORS®)
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $3,094 | $73,230 | $14,922 | $58,308 |
| 2024 | $3,000 | $71,097 | $14,487 | $56,610 |
| 2023 | $2,950 | $69,026 | $14,065 | $54,961 |
| 2022 | $2,156 | $50,693 | $17,816 | $32,877 |
| 2021 | $2,084 | $49,216 | $17,297 | $31,919 |
| 2020 | $2,050 | $47,784 | $16,794 | $30,990 |
| 2019 | $1,989 | $46,392 | $16,305 | $30,087 |
| 2018 | $1,919 | $46,392 | $16,305 | $30,087 |
| 2017 | $1,860 | $45,041 | $15,830 | $29,211 |
| 2016 | $1,806 | $42,456 | $14,922 | $27,534 |
| 2015 | $41,219 | $41,219 | $14,487 | $26,732 |
| 2014 | $1,908 | $40,019 | $14,065 | $25,954 |
| 2013 | -- | $32,615 | $8,958 | $23,657 |
Source: Public Records
Agents Affiliated with this Home
-
Todd Clarke
-
The Schuster Team
Buyer's Agent in 2022
The Schuster Team
Keller Williams Realty
(505) 238-6428
1 in this area
396 Total Sales
Map
Source: Southwest MLS (Greater Albuquerque Association of REALTORS®)
MLS Number: 993321
APN: 1-015-057-507-086-4-05-08
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