NOT LISTED FOR SALE

316 Espanola St NE Albuquerque, NM 87108

Fairgrounds Neighborhood
2 Beds
2 Baths
3,000 Sq Ft
6,752 Sq Ft Lot

Last Sold August 31, 2020

4 Days on Market

Highlights

  • Evaporated cooling system
  • Tile Flooring
  • Forced Air Heating System

About This Home

As of August 2020

Rare two story Town Home style feature living area and kitchen downstairs with half bathroom and bedrooms upstairs with full bathroom. Balcony off of Master Bedroom. Some updating done in several of the units such as windows and garden doors. Current rents are improvable and under market for two bedroom units. Cap rate of 5.8 and GRM of 7.75 with 10% management fee, 5% vacancy and 5% repair reserve. Self manage for a CAP rate of 6.72. Sold with 320 Espanola, both 316 & 320 must be purchased. Offer subject to inspections/walk through. Please do not walk the property or disturb tenants.

Last Agent to Sell the Property

Frederick Reed

ABQ Properties LLC License #18963 Listed on: 07/06/2020

Co-Listed By

Patricia Paiz

ABQ Properties LLC License #18945

Last Buyer's Agent

Casa ABQ

LPT Realty

LPT Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,429

Year Built

  • Built in 1977

Lot Details

  • 6,752

Home Design

  • Quadruplex
  • Frame Construction

Interior Spaces

  • 3,000 Sq Ft Home
  • Property has 2 Levels
  • Free-Standing Electric Range

Flooring

  • CRI Green Label Plus Certified Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Utilities

  • Evaporated cooling system
  • Forced Air Heating System
  • Natural Gas Connected
  • Phone Available
  • Cable TV Available

Additional Features

  • Exterior Lighting
  • 6,752 Sq Ft Lot

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 101905714322732531

Community Details

Overview

  • 4 Units
  • 3,000 Sq Ft Building

Building Details

  • Operating Expense $12,150
  • Gross Income $28,380

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,429

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Quadruplex
  • Directions: From Central on Louisiana, east to Espanola. North on Espanola to property.
  • Listing Contract Date: 2020-07-06
  • Year Built: 1977
  • Lot Size Acres: 0.16
  • Co List Office Mls Id: ABQP02
  • Co List Office Phone: (505) 717-3002
  • Unit Levels: Two
  • New Construction: No
  • Year Built Details: 41 - 50
  • Property Sub Type Additional: Quadruplex
  • Special Features: None

Interior Features

  • Flooring: Carpet, Tile
  • Appliances: Free-Standing Electric Range
  • Stories: 2
  • Number Of Buildings: 4
  • Accessibility Features: None
  • Basement YN: No
  • Total Bedrooms: 2
  • Living Area: 3000.0
  • Stories: 2

Exterior Features

  • Exterior Features: Lighting
  • 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: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Deck/Porch

Lot Info

  • Lot Size Sq Ft: 6751.8
  • Parcel #: 101905714322732531
  • Zoning Description: R-ML*

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 28380.0
  • Annual Operating Expense: 12150.0

Tax Info

  • Tax Annual Amount: 2429.18

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 Change Sq Ft Price
08/31/2020 08/31/20 Sold -- -- --
07/10/2020 07/10/20 Pending -- -- --
07/06/2020 07/06/20 For Sale $225,000 -40.0% $75 / Sq Ft
06/27/2014 06/27/14 Sold -- -- --
03/26/2014 03/26/14 Pending -- -- --
11/14/2013 11/14/13 For Sale $375,000 -- --
Source: Southwest MLS (Greater Albuquerque Association of REALTORS®)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Frederick Reed

    Seller's Agent in 2020

    Frederick Reed

    ABQ Properties LLC

    (505) 730-8934

    2 in this area

    66 Total Sales

    Frederick Reed
    Section Image

  • P

    Seller Co-Listing Agent in 2020

    Patricia Paiz

    ABQ Properties LLC

    (505) 363-5473

    2 in this area

    38 Total Sales

    Patricia Paiz
    Section Image
  • Casa ABQ

    Buyer's Agent in 2020

    Casa ABQ

    LPT Realty

    (505) 710-6918

    8 in this area

    147 Total Sales

    Casa ABQ
    Section Image

  • T

    Seller's Agent in 2014

    Timothy Luten

    Colliers International

  • C

    Seller Co-Listing Agent in 2014

    Charles Sheldon

    Colliers International

See All Agents

Map

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

MLS Number: 971934

Southwest MLS (Greater Albuquerque Association of REALTORS®)

APN: 1-019-057-143-227-3-25-31

New Mexico Bernalillo County Albuquerque 87108 Fairgrounds

316 Espanola St NE, Albuquerque, NM

This home is located at 316 Espanola St NE, Albuquerque, NM 87108 since 06 July 2020. This property was built in 1977. 316 Espanola St NE is a home located in Bernalillo County with nearby schools including La Mesa Elementary School, Hayes 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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