NOT LISTED FOR SALE

300 La Veta Dr NE Albuquerque, NM 87108

Fairgrounds Neighborhood
1 Bed
1 Bath
6,048 Sq Ft
5,009 Sq Ft Lot

Last Sold May 07, 2021

15 Days on Market

Highlights

  • Evaporated cooling system
  • Security Gate
  • Laundry Facilities
  • Zia Elementary School Rated A-
  • Forced Air Heating System
  • CRI Green Label Plus Certified Carpet

About This Home

As of May 2021

Known as Nob Hill Square, and located at 300 La Veta NE this community is on the north east corner of Zia and La Veta and just a couple of blocks or so from Dion's Pizza, Loyola's Restaurant, the National Dance Institute, New Mexico Music School, Media Arts Charter School, Antique Mall Row, and a short bike ride to the heart of Nob-Hill and UNM/CNM.The owners have remodeled the property inside and have made over $115,000 in upgrades and improvements. These upgrades include a new roof, parking lot and gating the community. Although the property is 100% occupied, the owners have advanced the rents to market on 25% of the units (now $605 net of utilities) leaving the remaining 75% of the units to be brought to market, doing so increases the cap rate to 7.83%.

Last Agent to Sell the Property

Todd Clarke

NM Apartment Advisors, Inc. License #13711 Listed on: 02/23/2021

Co-Listed By

Kyle Deacon

Deacon Property Services License #15579

Last Buyer's Agent

Joshua Christensen

Realty One of New Mexico License #20522

Realty One of New Mexico

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,234

Year Built

  • Built in 1973

Lot Details

  • 5,009 Sq Ft Lot

Home Design

  • Frame Construction

Interior Spaces

  • 6,048 Sq Ft Home
  • Property has 2 Levels
  • Security Gate

Flooring

  • CRI Green Label Plus Certified Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Utilities

  • Evaporated cooling system
  • Forced Air Heating System
  • Natural Gas Connected

Listing and Financial Details

  • Assessor Parcel Number 101805709026020401

Community Details

Overview

  • 6,048 Sq Ft Building
  • Tijeras Place Addition Subdivision

Amenities

  • Laundry Facilities

Building Details

  • Operating Expense $34,618
  • Gross Income $90,864

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,234

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Directions: From I-40 and San Mateo south to Copper, east to La Veta, south to property.
  • Listing Contract Date: 2021-02-23
  • Year Built: 1973
  • Lot Size Acres: 0.12
  • Co List Office Mls Id: DEAC01
  • Co List Office Phone: (505) 878-0100
  • Subdivision Name: Tijeras Place Addition
  • Unit Levels: Two
  • New Construction: No
  • Year Built Details: 41 - 50
  • Special Features: None

Interior Features

  • Flooring: Carpet, Vinyl
  • Appliances: Refrigerator
  • Stories: 2
  • Number Of Buildings: 1
  • Basement YN: No
  • Total Bedrooms: 1
  • Living Area: 6048.0
  • Stories: 2

Exterior Features

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

Utilities

  • Cooling: Evaporative Cooling
  • Electric: None
  • Heating: Central, Forced Air
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Security: Security Gate
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Laundry Facilities

Lot Info

  • Lot Size Sq Ft: 5009.4
  • Parcel #: 101805709026020401
  • Zoning Description: R-MH*

Rental Info

  • Tenant Pays: Other, See Remarks

Multi Family

  • Number Of Units Total: 12
  • Annual Gross Income: 90864.0
  • Annual Operating Expense: 34618.0

Tax Info

  • Tax Annual Amount: 3233.94

Range of Values:

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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
05/07/2021 05/07/21 Sold -- -- --
03/10/2021 03/10/21 Pending -- -- --
02/23/2021 02/23/21 For Sale $898,300 +99.6% $149 / Sq Ft
06/22/2018 06/22/18 Sold -- -- --
05/14/2018 05/14/18 Pending -- -- --
07/11/2017 07/11/17 For Sale $450,000 -- $74 / 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 2021

    Todd Clarke

    NM Apartment Advisors, Inc.

    (505) 480-8885

    13 in this area

    224 Total Sales

    Section Image

  • K

    Seller Co-Listing Agent in 2021

    Kyle Deacon

    Deacon Property Services

    (505) 878-0100

    5 in this area

    169 Total Sales

    Section Image

  • J

    Buyer's Agent in 2021

    Joshua Christensen

    Realty One of New Mexico

    Section Image
  • Jonathan Ortiz

    Buyer's Agent in 2018

    Jonathan Ortiz

    Southwest Elite Real Estate

    (505) 363-8451

    1 in this area

    196 Total Sales

    Section Image
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Map

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

MLS Number: 986324

Southwest MLS (Greater Albuquerque Association of REALTORS®)

APN: 1-018-057-090-260-2-04-01

New Mexico Bernalillo County Albuquerque 87108 Fairgrounds

300 La Veta Dr NE, Albuquerque, NM

This home is located at 300 La Veta Dr NE, Albuquerque, NM 87108 since 23 February 2021. This property was built in 1973. 300 La Veta Dr NE is a home located in Bernalillo County with nearby schools including Zia Elementary School, Jefferson Middle School, and Highland 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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