NOT LISTED FOR SALE

3410 Thaxton Ave SE Albuquerque, NM 87106

Southeast Heights Neighborhood
2 Beds
1 Bath
21,420 Sq Ft
6,098 Sq Ft Lot

Sale Details

Date Sold: September 29, 2023

422 Days on Market

Highlights

  • Landscaped
  • Forced Air Heating System
  • Carpet
  • Albuquerque High School Rated A-
  • Evaporated cooling system
  • 3-minute walk to Puerto Del Sol

About This Home

As of September 2023

8 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

Todd Clarke

NM Apartment Advisors, Inc. License #13711 Listed on: 05/02/2022

Last Buyer's Agent

Kyle Deacon

Deacon Property Services License #15579

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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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,886

Year Built

Built in 1963

Lot Details

6,098 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Directions: From I-25 and Gibson, east on Gibson, North to Carlisle, north to Thaxton, west to property.
  • Year Built: 1963
  • Lot Size Acres: 0.14
  • Subdivision Name: Knob Heights
  • Unit Levels: One
  • New Construction: No
  • Year Built Details: 51 - 60
  • Special Features: None

Interior Features

  • Flooring: Carpet, Vinyl
  • Stories: 1
  • Number Of Buildings: 7
  • Basement YN: No
  • Total Bedrooms: 2
  • Living Area: 21420.0
  • Stories: 1

Exterior Features

  • Exterior Features: Landscaping
  • 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, Sewer Connected, Water Connected
  • Laundry Features: Washer Hookup
  • Cooling Y N: Yes
  • Heating Yn: Yes

Lot Info

  • Lot Size Sq Ft: 6098.4
  • Additional Parcels: Yes
  • Parcel #: 101605642115841016
  • Zoning Description: R-MH*

Rental Info

  • Tenant Pays: Other, See Remarks

Multi Family

  • Number Of Units Total: 28
  • Annual Gross Income: 233417.0
  • Annual Operating Expense: 82577.0

Tax Info

  • Tax Annual Amount: 1885.84

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
May 2, 2022
Closed on
Aug 30, 2023
Sold by
Bought by
Seller's Agent
Todd Clarke
NM Apartment Advisors, Inc.
Buyer's Agent
Kyle Deacon
Deacon Property Services
List Price
$2,445,000
Views
55

Purchase Details

Closed on
Mar 6, 2008
Sold by
Bought by

Purchase Details

Closed on
Feb 11, 2008
Sold by
Bought by

Purchase Details

Closed on
Sep 6, 2006
Sold by
Bought by

Purchase Details

Closed on
Nov 8, 2002
Sold by
Bought by

Purchase Details

Closed on
Apr 9, 2001
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Southeast Heights, NM

  • Thomas Gallegos Real Estate Agent - Berkshire Hathaway NM Prop

    Thomas Gallegos

    Berkshire Hathaway NM Prop

    (505) 207-4981

    196 Total Sales

    1 in Southeast Heights

    $390,000 Price

    Thomas Gallegos
     Section Image
  • Dagna Altheide Real Estate Agent - Realty One of New Mexico

    Dagna Altheide

    Responds Quickly

    Realty One of New Mexico

    (505) 500-1039

    86 Total Sales

    1 in Southeast Heights

    $182,500 Price

    Dagna Altheide
     Section Image
  • Danielle Erhard Real Estate Agent - ERA Summit

    Danielle Erhard

    ERA Summit

    (505) 600-6723

    123 Total Sales

    1 in Southeast Heights

    $650,000 Price

    Danielle Erhard
     Section Image
  • James Shive Real Estate Agent - Keller Williams Realty

    James Shive

    Keller Williams Realty

    (505) 322-6716

    124 Total Sales

    3 in Southeast Heights

    $675K - $875K Price Range

    James Shive
     Section Image
  • The Cavnar Group Real Estate Agent - ERA Summit

    The Cavnar Group

    Responds Quickly

    ERA Summit

    (505) 552-4138

    164 Total Sales

    1 in Southeast Heights

    $250,000 Price

    The Cavnar Group
     Section Image
  • Shell Goldman Real Estate Agent - Keller Williams Realty

    Shell Goldman

    Responds Quickly

    Keller Williams Realty

    (505) 557-4925

    62 Total Sales

    1 in Southeast Heights

    $545,000 Price

    Shell Goldman
     Section Image
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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
-- Fidelity National Title
-- U S Title
-- None Available
-- Stewart Title
-- Stewart Title Of Albuquerque
-- --
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 $110,000
Previous Owner $75,200
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
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

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
2026 $3,911 $95,329 $10,572 $84,757
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 Real Estate Agent - NM Apartment Advisors, Inc.

    Seller's Agent in 2023

    Todd Clarke

    NM Apartment Advisors, Inc.

    (505) 480-8885

    5 in this area

    181 Total Sales

    Todd Clarke
    Section Image

  • K

    Buyer's Agent in 2023

    Kyle Deacon

    Deacon Property Services

    (505) 878-0100

    13 in this area

    134 Total Sales

    Kyle Deacon
    Section Image
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Map

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

MLS Number: 1013743

Southwest MLS (Greater Albuquerque Association of REALTORS®)

APN: 1-016-056-421-158-4-10-16

New Mexico Bernalillo County Albuquerque 87106 Southeast Heights

3410 Thaxton 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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