NOT LISTED FOR SALE

3410 Crest Ave SE Albuquerque, NM 87106

Southeast Heights Neighborhood
1 Bed
1 Bath
1,875 Sq Ft
7,405 Sq Ft Lot

Last Sold January 05, 2024

33 Days on Market

Highlights

  • Evaporated cooling system
  • Tile Flooring
  • Property has 1 Level
  • Albuquerque High School Rated A-
  • Wall Furnace

About This Home

As of January 2024

9% capitalization rate and $42k+ annual gross income. This cash-flowing 4-unit building is comprised of four 1-bedroom, 1-bathroom apartments each with an enclosed backyard. One unit was vacated on 11/23 and is in the process of being rented, but this unit can be left vacant for an owner-occupant if you act fast. Amenities and recent improvements include: new TPO roof installed in 2023, fresh exterior paint, newer evaporative coolers, updated bathrooms and kitchens. This multifamily investment opportunity is in the University area near Kirtland Air Force Base, Sandia National Laboratories, the upcoming MaxQ mixed-use development at Kirtland, the regional VA Medical Center, the Puerta del Sol Golf Course, and the city's extensive transit system. The property is professionally managed.

Last Agent to Sell the Property

Christopher Newman

KW Commercial License #REC20240776 Listed on: 11/14/2023

KW Commercial

Co-Listed By

Ben Maestas

Maestas New Mexico Real Estate License #18414

Last Buyer's Agent

Elias Medina

Keller Williams Realty

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,222

Year Built

  • Built in 1951

Lot Details

  • 7,405 Sq Ft Lot

Parking

  • 4 Parking Spaces

Home Design

  • Quadruplex
  • Frame Construction
  • Stucco

Interior Spaces

  • 1,875 Sq Ft Home
  • Property has 1 Level
  • Tile Flooring
  • Free-Standing Electric Range

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Utilities

  • Evaporated cooling system
  • Wall Furnace
  • Natural Gas Connected
  • Phone Available
  • Cable TV Available

Community Details

  • 1,875 Sq Ft Building
  • Gross Income $45,348

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 101605642602440217

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,222

Year Built

Built in 1951

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Quadruplex
  • Directions: From Gibson go north on Carlisle. Turn left on Crest Ave to property on the left.
  • Year Built: 1951
  • Lot Size Acres: 0.17
  • Co List Office Mls Id: MNMR01
  • Co List Office Phone: (505) 604-2000
  • Unit Levels: One
  • New Construction: No
  • Property Sub Type Additional: Quadruplex
  • ResoBuildingAreaSource: Plans
  • Special Features: None

Interior Features

  • Flooring: Tile
  • Appliances: Free-Standing Electric Range, Refrigerator
  • Stories: 1
  • Number Of Buildings: 1
  • Basement YN: No
  • Total Bedrooms: 1
  • Living Area: 1875.0
  • ResoLivingAreaSource: Plans

Exterior Features

  • Disclosures: Lead Based Paint Disclosure, Principal is Real Estate Licensed, RANM 2100 Disclosure
  • Builder Name: Unknown
  • Construction Type: Frame, Stucco
  • Property Condition: Resale

Garage/Parking

  • Total Parking Spaces: 4.0

Utilities

  • Cooling: Evaporative Cooling
  • Heating: Wall Furnace
  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Cooling Y N: Yes
  • Heating Yn: Yes

Green Features

  • Green Power: None

Lot Info

  • Lot Size Sq Ft: 7405.2
  • Parcel #: 101605642602440217
  • Zoning Description: R-MH*

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 45348.0

Tax Info

  • Tax Annual Amount: 2222.38

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 List to Sale Price per Sq Ft
01/05/2024 01/05/24 Sold -- -- --
12/18/2023 12/18/23 Pending -- -- --
11/22/2023 11/22/23 For Sale $349,000 0.0% $186 / Sq Ft
11/15/2023 11/15/23 Off Market -- -- --
11/14/2023 11/14/23 For Sale $349,000 -- $186 / Sq Ft
Source: Southwest MLS (Greater Albuquerque Association of REALTORS®)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Christopher Newman

    Seller's Agent in 2024

    Christopher Newman

    KW Commercial

    (505) 482-2110

    1 in this area

    75 Total Sales

    Christopher Newman
    Section Image
  • Ben Maestas

    Seller Co-Listing Agent in 2024

    Ben Maestas

    Maestas New Mexico Real Estate

    (505) 604-2000

    1 in this area

    32 Total Sales

    Ben Maestas
    Section Image
  • Elias Medina

    Buyer's Agent in 2024

    Elias Medina

    Keller Williams Realty

    (505) 372-6063

    6 in this area

    1,927 Total Sales

    Elias Medina
    Section Image
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Map

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

MLS Number: 1044769

Southwest MLS (Greater Albuquerque Association of REALTORS®)

APN: 1-016-056-426-024-4-02-17

New Mexico Bernalillo County Albuquerque 87106 Southeast Heights

3410 Crest Ave 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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