$696,778
SOLD NOV 21, 2024
Last list price

3436 Ross Ave SE Albuquerque, NM 87106

1 Bed
1 Bath
6,112 Sq Ft
9,583 Sq Ft Lot

Recently Sold

$114 Per Sq Ft

148 Days on Market

Highlights

  • Tile Flooring
  • Forced Air Heating System
  • 5-minute walk to Puerto Del Sol
  • Albuquerque High School Rated A-
  • Property has 1 Level

About This Home

As of November 2024

Unique southern New Mexico architecture combined with courtyard spaces and refrigerated air conditioning, this property is positioned well for the value add investor who recognizes that current average rents are 43% below market rents for the area.Located at 3436 & 3440 Ross SE, each building has its own deeded lot.Measures of investment performance at ask price of $696,778 and current average rent of $625 are a GRM of 11.61, a 4.63% cap rate, $97,097 per unit, $114/sf. Your color by numbers, step by step process go get close to a final market value of $1,025,000 include (call listing broker to discuss).

Last Agent to Sell the Property

Todd Clarke

NM Apartment Advisors, Inc. License #13711 Listed on: 05/07/2024

Last Buyer's Agent

Kyle Deacon

Deacon Property Services License #15579

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $494

Year Built

  • Built in 1972

Lot Details

  • 9,583 Sq Ft Lot
  • Additional Parcels

Home Design

  • Frame Construction
  • Stucco

Interior Spaces

  • 6,112 Sq Ft Home
  • Property has 1 Level

Flooring

  • CRI Green Label Plus Certified Carpet
  • Tile

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Utilities

  • Forced Air Heating System
  • Natural Gas Connected

Listing and Financial Details

  • Assessor Parcel Number 101605644612440812

Community Details

Overview

  • 8 Units
  • 6,112 Sq Ft Building
  • Lots 1 2, Tract 13, Knob Heights Subdivision

Building Details

  • Operating Expense $29,876
  • Gross Income $64,065

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$494

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Directions: From I-25 and Gibson, east to Carlisle, north to Ross, west to property.
  • Listing Contract Date: 2024-05-06
  • Year Built: 1972
  • Lot Size Acres: 0.22
  • Subdivision Name: Lots 1-2, Tract 13, Knob Heights
  • Unit Levels: One
  • New Construction: No
  • Special Features: None

Interior Features

  • Flooring: Carpet, Tile
  • Appliances: Refrigerator
  • Number Of Buildings: 2
  • Basement YN: No
  • Total Bedrooms: 1
  • Living Area: 6112.0
  • Stories: 1

Exterior Features

  • Disclosures: Lead Based Paint Disclosure, RANM 2100 Disclosure
  • Builder Name: Unknown
  • Construction Type: Block, Frame, Stucco
  • Property Condition: Resale

Utilities

  • Electric: None
  • Heating: Central, Forced Air
  • Utilities: Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Heating Yn: Yes

Green Features

  • Green Power: None

Lot Info

  • Lot Size Sq Ft: 9583.0
  • Additional Parcels: Yes
  • Parcel #: 101605644612440812
  • Zoning Description: R-MH*

Rental Info

  • Tenant Pays: Other, See Remarks

Multi Family

  • Number Of Units Total: 8
  • Annual Gross Income: 64065.0
  • Annual Operating Expense: 29876.0

Tax Info

  • Tax Annual Amount: 494.12

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 7, 2024
Closed on
Nov 21, 2024
Sold by
Summers Revocable Trust and Summers Cheryl L
Bought by
Nm Apartment Advisors Cash Balance Plan
Seller's Agent
Todd Clarke
NM Apartment Advisors, Inc.
Buyer's Agent
Kyle Deacon
Deacon Property Services
List Price
$696,778
Sold Price
$698,778
Premium/Discount to List
$2,000
0.29%
Views
11

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-19.49%

Purchase Details

Closed on
Mar 23, 2017
Sold by
Summers David K and Summers Cheryl
Bought by
Summers David K and Summers Cheryl L
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- Fidelity National Title
Interfamily Deed Transfer -- None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/30/2025 06/30/25 For Sale $190,000 -72.7% --
11/21/2024 11/21/24 Sold -- -- --
10/05/2024 10/05/24 Pending -- -- --
07/25/2024 07/25/24 For Sale $696,778 0.0% $114 / Sq Ft
07/25/2024 07/25/24 Price Changed $696,778 -6.7% $114 / Sq Ft
05/24/2024 05/24/24 Pending -- -- --
05/09/2024 05/09/24 For Sale $746,778 -- $122 / Sq Ft
Source: Southwest MLS (Greater Albuquerque Association of REALTORS®)

Tax History Compared to Growth

Source: Public Records

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
2024 $492 $10,299 $10,299 $0
2023 $494 $10,299 $10,299 $0
2022 $494 $10,299 $10,299 $0
2021 $494 $10,299 $10,299 $0
2020 $494 $10,299 $10,299 $0
2019 $494 $10,299 $10,299 $0
2018 $494 $10,299 $10,299 $0
2017 $494 $10,299 $10,299 $0
2016 $494 $10,299 $10,299 $0
2015 $10,299 $10,299 $10,299 $0
2014 $487 $10,299 $10,299 $0
2013 -- $10,299 $10,299 $0
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2025

    Kyle Deacon

    Deacon Property Services

    (505) 878-0100

    174 Total Sales

    Kyle Deacon
    Section Image
  • Anita Maestas

    Seller Co-Listing Agent in 2025

    Anita Maestas

    Maestas Real Estate Services

    (505) 463-3565

    42 Total Sales

    Anita Maestas
    Section Image
  • Todd Clarke

    Seller's Agent in 2024

    Todd Clarke

    NM Apartment Advisors, Inc.

    (505) 480-8885

    231 Total Sales

    Todd Clarke
    Section Image
See All Agents

Map

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

MLS Number: 1062316

Southwest MLS (Greater Albuquerque Association of REALTORS®)

APN: 1-016-056-446124-4-08-12

New Mexico Bernalillo County Albuquerque 87106

3436 Ross Ave SE, Albuquerque, NM

This home is located at 3436 Ross Ave SE, Albuquerque, NM 87106 and is currently estimated at $696,778, approximately $114 per square foot. This property was built in 1972. 3436 Ross Ave SE is a home located in Bernalillo County with nearby schools including Kirtland Elementary School, Wilson Middle School, and Albuquerque 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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