NOT LISTED FOR SALE

424 Columbia Dr SE Albuquerque, NM 87106

University Heights Neighborhood
1 Bed
1 Bath
9,880 Sq Ft
0.29 Acres

Last Sold June 10, 2022

Highlights

  • Evaporated cooling system
  • Ceramic Tile Flooring
  • Forced Air Heating System
  • Bandelier Elementary School Rated A-

About This Home

As of June 2022

This 16 unit two story townhouse style apartment building is within walking distance to UNM and CNM. Has good walk, bike, and transit scores. This 50+ year old property was built with quality workmanship and has been well maintained. The living room and kitchen are downstairs. A spiral stairs leads up to the bedroom, bathroom, large walk-in closet, linen closet and another smaller closet and balcony. Each apartment has approximately 600 sq ft. Has a new water heater.Unit Summary: Total Units 16, Gross annual rent by April 15th will be $121500. Proforma gross rent at $650 each = $124800. Cap rate after reserves is 5.74 with a GRM of 7.60 and a price per sq. ft. of $91.09.

Last Agent to Sell the Property

David Steele

Cibola Realty Services LLC License #7304 Listed on: 04/04/2022

Last Buyer's Agent

Todd Clarke

NM Apartment Advisors, Inc. License #13711

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,187

Lot Details

  • 0.29 Acre Lot
  • Additional Parcels

Parking

  • 22 Parking Spaces

Home Design

  • Frame Construction

Interior Spaces

  • 9,880 Sq Ft Home
  • Property has 2 Levels

Kitchen

  • Free-Standing Gas Range
  • Range Hood
  • Disposal

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Utilities

  • Evaporated cooling system
  • Forced Air Heating System
  • Natural Gas Connected
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 101605715803830901

Community Details

Overview

  • 9,880 Sq Ft Building
  • University Height Addition Subdivision

Building Details

  • Operating Expense $71,423
  • Gross Income $121,864

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,187

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Directions: At I 25 turn east on coal to Columbia, south to property
  • Listing Contract Date: 2022-04-04
  • Lot Size Acres: 0.29
  • Lot Size: N/A
  • Subdivision Name: University Height Addition
  • Unit Levels: Two
  • New Construction: No
  • Year Built Details: 51 - 60
  • Special Features: None

Interior Features

  • Flooring: Carpet, Concrete, See Remarks, Vinyl
  • Appliances: Free-Standing Gas Range, Disposal, Refrigerator, Range Hood
  • Stories: 2
  • Number Of Buildings: 1
  • Accessibility Features: None
  • Basement YN: No
  • Total Bedrooms: 1
  • Living Area: 9880.0
  • Stories: 2

Exterior Features

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

Garage/Parking

  • Total Parking Spaces: 22.0

Utilities

  • Cooling: Evaporative Cooling
  • Electric: None
  • Heating: Central, Forced Air
  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Water Connected
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Deck/Porch

Lot Info

  • Lot Size Sq Ft: 12496.0
  • Additional Parcels: Yes
  • Parcel #: 101605715803830901
  • Zoning Description: R-T*

Multi Family

  • Number Of Units Total: 16
  • Annual Gross Income: 121864.0
  • Annual Operating Expense: 71423.0

Tax Info

  • Tax Annual Amount: 5187.0

Range of Values:

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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
06/10/2022 06/10/22 Sold -- -- --
04/08/2022 04/08/22 Pending -- -- --
04/04/2022 04/04/22 For Sale $900,000 -- $91 / Sq Ft
Source: Southwest MLS (Greater Albuquerque Association of REALTORS®)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2022

    David Steele

    Cibola Realty Services LLC

    Section Image
  • Todd Clarke

    Buyer's Agent in 2022

    Todd Clarke

    NM Apartment Advisors, Inc.

    (505) 480-8885

    11 in this area

    228 Total Sales

    Todd Clarke
    Section Image

  • K

    Buyer Co-Listing Agent in 2022

    Kyle Deacon

    Deacon Property Services

    (505) 878-0100

    13 in this area

    167 Total Sales

    Kyle Deacon
    Section Image
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Map

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

MLS Number: 1011917

Southwest MLS (Greater Albuquerque Association of REALTORS®)

APN: 1-016-057-158-038-3-09-01

New Mexico Bernalillo County Albuquerque 87106 University Heights

424 Columbia Dr SE, Albuquerque, NM

This home is located at 424 Columbia Dr SE, Albuquerque, NM 87106 since 04 April 2022. 424 Columbia Dr SE is a home located in Bernalillo County with nearby schools including Bandelier 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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