NOT LISTED FOR SALE

401 12th St SW Albuquerque, NM 87102

1 Bed
1 Bath
7,449 Sq Ft
0.32 Acres

Last Sold December 18, 2019

46 Days on Market

Highlights

  • Wood Flooring
  • Albuquerque High School Rated A-
  • Community Storage Space

About This Home

As of December 2019

NM Apartment Advisors is excited to bring to market this amazing 1930s vintage downtown Albuquerque apartment portfolio located on the edge of the Country Club Neighborhood. Located at 401 & 423 12th SW, 87102, this is a core asset with stabilized cash flow and recent renovations, it is also a value-add deal with rents that are 18.00% below market.If rents are raised to market average of $849, measures of investment performance increase to a GRM of 8.68, and a 6.62% cap rate. Email listing broker if you need the latest Downtown rent survey.Don't miss out - properties with high walk, bike and transit scores are going quickly!

Last Agent to Sell the Property

Todd Clarke

NM Apartment Advisors, Inc. License #13711 Listed on: 08/29/2019

Last Buyer's Agent

Nonmls Nonmls

Non Member of SWMLS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,850

Year Built

  • Built in 1936

Lot Details

  • 0.32 Acre Lot
  • Additional Parcels

Home Design

  • Frame Construction

Interior Spaces

  • 7,449 Sq Ft Home
  • Property has 2 Levels

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Utilities

  • Natural Gas Connected

Listing and Financial Details

  • Assessor Parcel Number 101305739339412207

Community Details

Overview

  • 10 Units
  • 7,449 Sq Ft Building
  • Raynolds Addidion Subdivision

Amenities

  • Community Storage Space

Building Details

  • Operating Expense $31,499
  • Gross Income $82,317

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,850

Year Built

Built in 1936

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Directions: From I-40 and 12th street, south to Central, east to 10th Street, south on 10th, west on Park to 12th, south to property.
  • Listing Contract Date: 2019-08-29
  • Year Built: 1936
  • Lot Size Acres: 0.32
  • Subdivision Name: Raynolds Addidion
  • Unit Levels: Two
  • New Construction: No
  • ResoBuildingAreaSource: Appraiser
  • Special Features: None

Interior Features

  • Flooring: Tile, Wood
  • Appliances: Refrigerator
  • Stories: 2
  • Number Of Buildings: 2
  • Accessibility Features: None
  • Basement YN: No
  • Total Bedrooms: 1
  • Living Area: 7449.0
  • Stories: 2
  • ResoLivingAreaSource: Appraiser

Exterior Features

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

Utilities

  • Cooling: Other, See Remarks
  • Heating: Other, See Remarks
  • Utilities: Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected

Condo/Co-op/Association

  • Community Features: Storage Facilities

Lot Info

  • Lot Size Sq Ft: 14000.0
  • Additional Parcels: Yes
  • Parcel #: 101305739339412207
  • Zoning Description: R-ML*

Rental Info

  • Tenant Pays: Other, See Remarks

Multi Family

  • Number Of Units Total: 10
  • Annual Gross Income: 82317.0
  • Annual Operating Expense: 31499.0

Tax Info

  • Tax Annual Amount: 2850.0

Range of Values:

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Average Value
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List Price
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 Change Sq Ft Price
12/18/2019 12/18/19 Sold -- -- --
10/14/2019 10/14/19 Pending -- -- --
08/29/2019 08/29/19 For Sale $883,791 -- $119 / Sq Ft
Source: Southwest MLS (Greater Albuquerque Association of REALTORS®)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Todd Clarke

    Seller's Agent in 2019

    Todd Clarke

    NM Apartment Advisors, Inc.

    (505) 480-8885

    226 Total Sales

    Todd Clarke
    Section Image

  • N

    Buyer's Agent in 2019

    Nonmls Nonmls

    Non Member of SWMLS

See All Agents

Map

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

MLS Number: 952878

Southwest MLS (Greater Albuquerque Association of REALTORS®)

APN: 1-013-057-393-394-1-22-07

New Mexico Bernalillo County Albuquerque 87102

401 12th St SW, Albuquerque, NM

This home is located at 401 12th St SW, Albuquerque, NM 87102 since 29 August 2019. This property was built in 1936. 401 12th St SW is a home located in Bernalillo County with nearby schools including Lew Wallace Elementary, Washington 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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