Seller's Agent in 2023
Todd Clarke
NM Apartment Advisors, Inc.
(505) 480-8885
5 in this area
201 Total Sales
3410 Thaxton Ave SE Albuquerque, NM 87106
Southeast Heights Neighborhood
2
Beds
1
Bath
21,420
Sq Ft
6,098
Sq Ft Lot
Highlights
- Evaporated cooling system
- Landscaped
- Carpet
- Albuquerque High School Rated A-
- Forced Air Heating System
- 3-minute walk to Puerto Del Sol
About This Home
As of September 20238 unit portfolio of seven fourplexes, owned by the same family for over 25 years. Located at 3410, 3414, 3418 , 3422, 3430, 3430 and 3438 Thaxton SE, this community is served by all of the new employment and restaurants along the Gibson/Airport corridor.This value-add asset is ripe for an investor looking to reposition an asset. Full inspection reports are now available and the new price reflects the work that could be done by the next owner.As the ask price of $2,445,000 and with an average rent of $723, the measures of investment performance include $87,123 per unit, $114.15 per square foot, a before reserves cap rates of 6.10%, and an after tax IRR of 13.60%.If rents are moved to market of $1,050, measure of investment performance improve to a cap rate of 10.02%.
Last Agent to Sell the Property
NM Apartment Advisors, Inc. License #13711 Listed on: 05/02/2022
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,886
Year Built
- Built in 1963
Lot Details
- 6,098 Sq Ft Lot
- Landscaped
- Additional Parcels
Home Design
- Frame Construction
Interior Spaces
- 21,420 Sq Ft Home
- Property has 1 Level
- Washer Hookup
Flooring
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Bathroom
Utilities
- Evaporated cooling system
- Forced Air Heating System
Listing and Financial Details
- Assessor Parcel Number 101605642115841016
Community Details
Overview
- 28 Units
- 21,420 Sq Ft Building
- Knob Heights Subdivision
Building Details
- Operating Expense $82,577
- Gross Income $233,417
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/29/2023 09/29/23 | Sold | -- | -- | -- |
| 06/29/2023 06/29/23 | Pending | -- | -- | -- |
| 03/31/2023 03/31/23 | For Sale | $2,445,000 | 0.0% | $114 / Sq Ft |
| 03/31/2023 03/31/23 | Price Changed | $2,445,000 | -2.0% | $114 / Sq Ft |
| 12/02/2022 12/02/22 | Pending | -- | -- | -- |
| 11/03/2022 11/03/22 | Price Changed | $2,495,000 | -10.4% | $116 / Sq Ft |
| 09/27/2022 09/27/22 | For Sale | $2,784,448 | 0.0% | $130 / Sq Ft |
| 09/01/2022 09/01/22 | Pending | -- | -- | -- |
| 05/02/2022 05/02/22 | For Sale | $2,784,448 | -- | $130 / Sq Ft |
Source: Southwest MLS (Greater Albuquerque Association of REALTORS®)
Tax History
| 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 | $3,911 | $92,554 | $10,265 | $82,289 |
| 2024 | $3,791 | $89,858 | $9,966 | $79,892 |
| 2023 | $3,840 | $89,858 | $9,966 | $79,892 |
| 2022 | $1,951 | $45,877 | $13,001 | $32,876 |
| 2021 | $1,886 | $44,542 | $12,623 | $31,919 |
| 2020 | $1,855 | $43,244 | $12,255 | $30,989 |
| 2019 | $1,800 | $41,985 | $11,898 | $30,087 |
| 2018 | $1,736 | $41,985 | $11,898 | $30,087 |
| 2017 | $1,683 | $40,762 | $11,552 | $29,210 |
| 2016 | $1,635 | $38,423 | $10,889 | $27,534 |
| 2015 | $37,304 | $37,304 | $10,572 | $26,732 |
| 2014 | $1,538 | $36,218 | $10,265 | $25,953 |
| 2013 | -- | $35,163 | $9,966 | $25,197 |
Source: Public Records
Agents Affiliated with this Home
-
Todd Clarke
-
Kyle Deacon
K
Buyer's Agent in 2023
Kyle Deacon
Deacon Property Services
(505) 878-0100
12 in this area
153 Total Sales
Map
Source: Southwest MLS (Greater Albuquerque Association of REALTORS®)
MLS Number: 1013743
APN: 1-016-056-421-158-4-10-16
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