NOT LISTED FOR SALE

220 Dorado Place SE Albuquerque, NM 87123

Singing Arrow Neighborhood
1 Bed
1 Bath
88,965 Sq Ft
5.55 Acres

Last Sold January 31, 2018

163 Days on Market

Highlights

  • 5.55 Acre Lot
  • Forced Air Heating System
  • Carpet
  • Evaporated cooling system
  • Laundry Facilities

About This Home

As of January 2018

Amazing property and rare opportunity to invest in a value add deal. - 14.63% cash on cash with new Freddie Mac - 10 year ownership - eligible for 4% renovation/rehab tax credits - 3 property portfolio allows for flexible exit strategy - Acquire well below replacement cost - Rents are 14% below submarket - Competing properties are charging for RUBs - Potential after tax IRR of 24.90%Property under contract for 13 months to buyer who intends to redevelop with affordable housing - call Listing Broker for info on comparable sale.

Last Agent to Sell the Property

Todd Clarke

NM Apartment Advisors, Inc. License #13711 Listed on: 06/25/2016

Last Buyer's Agent

Nonmls Nonmls

Non Member of SWMLS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $34,986

Year Built

  • Built in 1980

Lot Details

  • 5.55 Acre Lot
  • Additional Parcels

Parking

  • 179 Parking Spaces

Home Design

  • Frame Construction

Interior Spaces

  • 88,965 Sq Ft Home
  • Property has 2 Levels

Kitchen

  • Built-In Gas Oven
  • Built-In Gas Range
  • Dishwasher

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Utilities

  • Evaporated cooling system
  • Forced Air Heating System

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 102205641432510403

Community Details

Overview

  • 120 Units
  • 88,965 Sq Ft Building
  • Fale Add & 2 Others Subdivision

Amenities

  • Laundry Facilities

Building Details

  • Operating Expense $409,070
  • Gross Income $884,101

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$34,986

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Directions: From I-40 and Tramway exit south on Tramway, past Central (Route 66), right on Wenonah, 3 portfolio property is located at 13100 Wenonah SE, 13101 Wenonah SE, and 220 Dorado SE. Do not Disturb management or residents.
  • Listing Contract Date: 2017-05-22
  • Year Built: 1980
  • Lot Size Acres: 5.55
  • Subdivision Name: Fale Add & 2 others
  • Unit Levels: Two
  • Special Features: None

Interior Features

  • Flooring: Carpet, Vinyl
  • Appliances: Built-In Gas Oven, Built-In Gas Range, Dishwasher, Refrigerator
  • Stories: 2
  • Number Of Buildings: 21
  • Basement YN: No
  • Total Bedrooms: 1
  • Fireplace Features: Option
  • Living Area: 88965.0
  • Stories: 2

Exterior Features

  • Builder Name: UNK
  • Construction Type: Frame

Garage/Parking

  • Total Parking Spaces: 179.0

Utilities

  • Cooling: Evaporative Cooling
  • Heating: Central, Forced Air
  • Utilities: Municipal Utilities
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Deck/Porch, Laundry Facilities

Lot Info

  • Lot Size Sq Ft: 241566.0
  • Additional Parcels: Yes
  • Parcel #: 102205641432510403
  • Zoning Description: R-2

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Number Of Units Total: 120
  • Annual Gross Income: 884101.0
  • Annual Operating Expense: 409070.0

Tax Info

  • Tax Annual Amount: 34986.0

Range of Values:

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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 List to Sale Price per Sq Ft
01/31/2018 01/31/18 Sold -- -- --
12/07/2016 12/07/16 Pending -- -- --
06/27/2016 06/27/16 For Sale $6,095,000 -- $69 / 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 2018

    Todd Clarke

    NM Apartment Advisors, Inc.

    (505) 480-8885

    7 in this area

    227 Total Sales

    Todd Clarke
    Section Image

  • N

    Buyer's Agent in 2018

    Nonmls Nonmls

    Non Member of SWMLS

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Map

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

MLS Number: 869534

Southwest MLS (Greater Albuquerque Association of REALTORS®)

APN: 1-022-056-380-332-1-03-03

New Mexico Bernalillo County Albuquerque 87123 Singing Arrow

220 Dorado Place SE, Albuquerque, NM

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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