Seller's Agent in 2020
Todd Clarke
NM Apartment Advisors, Inc.
(505) 480-8885
3 in this area
225 Total Sales
460 Valverde Dr SE Albuquerque, NM 87108
Nob Hill Neighborhood
--
Bed
1
Bath
3,880
Sq Ft
0.3
Acres
Highlights
- Evaporated cooling system
- Landscaped
- Vinyl Flooring
- Bandelier Elementary School Rated A-
- Laundry Facilities
- Wall Furnace
About This Home
As of December 2020Located at 456-460 ValVerde SE and on the edge between Nob-Hill, UNM and Ridgecrest, the Edgecrest apartments contain millennial friendly studio units with private courtyards - virtual tour available.The location offers a high bike score (91) and good walk score (71) and decent transportation score (44) and is walking distance to retail and restaurants, most of Nob-hill and biking distance to UNM and CNM.Although the asset is a stable performing core property, it is also a value add opportunity with actual rents 14.00% below market.Measure of investment performance at list price of $745,456 and with average rent of $564 include GRM of 11.02, Before Reserves Cap rate of 6.22% and after tax IRR of 18.10%.
Last Agent to Sell the Property
NM Apartment Advisors, Inc. License #13711 Listed on: 06/25/2020
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,807
Year Built
- Built in 1956
Lot Details
- 0.3 Acre Lot
- Landscaped
- Additional Parcels
Interior Spaces
- 1 Bathroom
- 3,880 Sq Ft Home
- Property has 1 Level
- Vinyl Flooring
Utilities
- Evaporated cooling system
- Wall Furnace
- Natural Gas Connected
Listing and Financial Details
- Assessor Parcel Number Not Available
Community Details
Overview
- 10 Units
- 3,880 Sq Ft Building
- Mesa Grande Addition Subdivision
Amenities
- Laundry Facilities
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/11/2020 12/11/20 | Sold | -- | -- | -- |
| 10/27/2020 10/27/20 | Pending | -- | -- | -- |
| 06/25/2020 06/25/20 | For Sale | $745,456 | -- | $192 / Sq Ft |
Source: Southwest MLS (Greater Albuquerque Association of REALTORS®)
Tax History Compared to Growth
Agents Affiliated with this Home
-
Todd Clarke
-
Kyle Deacon
K
Buyer's Agent in 2020
Kyle Deacon
Deacon Property Services
(505) 878-0100
6 in this area
168 Total Sales
Map
Source: Southwest MLS (Greater Albuquerque Association of REALTORS®)
MLS Number: 971096
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