Seller's Agent in 2024
Christopher Newman
KW Commercial
(505) 482-2110
1 in this area
61 Total Sales
3410 Crest Ave SE Albuquerque, NM 87106
Southeast Heights Neighborhood
1
Bed
1
Bath
1,875
Sq Ft
7,405
Sq Ft Lot
Highlights
- Evaporated cooling system
- Tile Flooring
- Property has 1 Level
- Albuquerque High School Rated A-
- Wall Furnace
About This Home
As of January 20249% 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
KW Commercial License #REC20240776 Listed on: 11/14/2023
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
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 14, 2023
Closed on
Jan 3, 2024
Sold by
Bought by
Seller's Agent
Christopher Newman
KW Commercial
Buyer's Agent
Elias Medina
Keller Williams Realty
List Price
$349,000
Views
61
Purchase Details
Closed on
May 9, 2023
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$167,750
Interest Rate
0.0632%
Mortgage Type
New Conventional
Purchase Details
Closed on
Dec 9, 2020
Sold by
Bought by
Purchase Details
Closed on
Feb 9, 2010
Sold by
Bought by
Purchase Details
Closed on
Oct 25, 2006
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,000
Interest Rate
0.0637%
Mortgage Type
Commercial
Purchase Details
Closed on
Jun 26, 2000
Sold by
Bought by
Purchase Details
Closed on
May 9, 1994
Sold by
Bought by
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Home Values in the Area
Average Home Value in this Area
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| -- | Centric Title | ||
| -- | Fidelity National Title | ||
| -- | None Listed On Document | ||
| -- | Fidelity Natl Title Ins Co | ||
| -- | First American Title Ins Co | ||
| -- | First American Title Ins Co | ||
| $195,582 | -- | ||
| -- | First American Title Ins Co | ||
| -- | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | $167,750 | ||
| Previous Owner | $275,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $6,610 | $93,058 | $10,866 | $82,192 |
| 2024 | $2,339 | $55,432 | $11,873 | $43,559 |
| 2023 | $2,300 | $53,817 | $11,527 | $42,290 |
| 2022 | $2,222 | $52,251 | $11,192 | $41,059 |
| 2021 | $2,148 | $50,729 | $10,866 | $39,863 |
| 2020 | $1,823 | $42,502 | $11,527 | $30,975 |
| 2019 | $22,401 | $41,265 | $11,192 | $30,073 |
| 2018 | $1,707 | $41,265 | $11,192 | $30,073 |
| 2017 | $1,704 | $40,063 | $10,866 | $29,197 |
| 2016 | $1,704 | $40,063 | $10,866 | $29,197 |
| 2015 | $40,063 | $40,063 | $10,866 | $29,197 |
| 2014 | $12,803 | $40,063 | $10,866 | $29,197 |
| 2013 | -- | $40,063 | $10,866 | $29,197 |
Source: Public Records
Agents Affiliated with this Home
-
Christopher Newman
-
Ben Maestas
Seller Co-Listing Agent in 2024
Ben Maestas
Maestas New Mexico Real Estate
(505) 604-2000
1 in this area
22 Total Sales
-
Elias Medina
Buyer's Agent in 2024
Elias Medina
Keller Williams Realty
(505) 372-6063
6 in this area
1,939 Total Sales
Map
Source: Southwest MLS (Greater Albuquerque Association of REALTORS®)
MLS Number: 1044769
APN: 1-016-056-426-024-4-02-17
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.
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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