NOT LISTED FOR SALE

503 7th St SW Unit 5 Albuquerque, NM 87102

Barelas Neighborhood
2 Beds
1 Bath
3,729 Sq Ft
6,316 Sq Ft Lot

Last Sold June 18, 2024

169 Days on Market

Highlights

  • Ductless Heating Or Cooling System
  • Landscaped
  • Laundry Facilities
  • Albuquerque High School Rated A-
  • Forced Air Heating and Cooling System
  • 3-minute walk to Barelas Community Center Park

About This Home

As of June 2024

Don't miss out on this turn-key investment opportunity to own a residential income property convenient located in the heart of downtown, within a short distance of Tingley Beach, BioPark, Old Town and Nob Hill with a wide array of great restaurant options, shopping, groceries and entertainment. This property features five charming bright units (2-1 Bedrooms) that have been renovated throughout the years with premium flooring, neutral color palette throughout, providing a comfortable and inviting living space for tenants. Beautiful low maintenance landscaping complimented by well-maintain common area gardens, creating a lush and private community atmosphere. Plenty of street parking and a large back & side yards for tenants to use. This property also offers a free common laundry.

Last Agent to Sell the Property

Isaac Romero

R1 Commercial License #51906 Listed on: 11/03/2023

Last Buyer's Agent

Leslie Villareal

The Villarealty Group License #REC20240101

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $8,816

Year Built

  • Built in 1926

Lot Details

  • 6,316 Sq Ft Lot
  • Landscaped

Home Design

  • Frame Construction
  • Stucco

Interior Spaces

  • 3,729 Sq Ft Home
  • Property has 1 Level
  • Laminate Flooring

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Utilities

  • Ductless Heating Or Cooling System
  • Forced Air Heating and Cooling System
  • Wall Furnace
  • Natural Gas Connected
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 101405703229520109

Community Details

Overview

  • 5 Units
  • 3,729 Sq Ft Building

Amenities

  • Laundry Facilities

Building Details

  • Operating Expense $31,178
  • Gross Income $100,620

Property Details

Home Type

Apartment

Est. Annual Taxes

$8,816

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Apartment
  • Directions: Head west on Lead Ave from I-25. Turn left on 8th street and an immediate next left on Coal Ave. The property is on the right.
  • Listing Contract Date: 2023-11-06
  • Year Built: 1926
  • Lot Size Acres: 0.14
  • Unit Levels: One
  • New Construction: No
  • Special Features: None

Interior Features

  • Flooring: Laminate
  • Appliances: Refrigerator
  • Stories: 1
  • Number Of Buildings: 2
  • Basement YN: No
  • Total Bedrooms: 2
  • Living Area: 3729.0

Exterior Features

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

Utilities

  • Cooling: Central Air, Ductless
  • Heating: Central, Ductless, Forced Air, Wall Furnace
  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Laundry Facilities

Green Features

  • Green Power: None

Lot Info

  • Lot Size Sq Ft: 6316.0
  • Parcel #: 101405703229520109
  • Zoning Description: R-MH*

Rental Info

  • Tenant Pays: Other, See Remarks

Multi Family

  • Number Of Units Total: 5
  • Annual Gross Income: 100620.0
  • Annual Operating Expense: 31178.0

Tax Info

  • Tax Annual Amount: 8816.04

Range of Values:

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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
06/18/2024 06/18/24 Sold -- -- --
04/24/2024 04/24/24 Pending -- -- --
02/17/2024 02/17/24 Price Changed $899,000 -2.3% $241 / Sq Ft
11/06/2023 11/06/23 For Sale $920,159 -- $247 / Sq Ft
Source: Southwest MLS (Greater Albuquerque Association of REALTORS®)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Isaac Romero

    Seller's Agent in 2024

    Isaac Romero

    R1 Commercial

    (505) 554-5657

    1 in this area

    5 Total Sales

    Section Image
  • Leslie Villareal

    Buyer's Agent in 2024

    Leslie Villareal

    The Villarealty Group

    (505) 480-6738

    2 in this area

    81 Total Sales

    Section Image
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Map

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

MLS Number: 1044359

Southwest MLS (Greater Albuquerque Association of REALTORS®)

APN: 1-014-057-032-295-2-01-09

New Mexico Bernalillo County Albuquerque 87102 Barelas

503 7th St SW Unit 5, Albuquerque, NM

This home is located at 503 7th St SW Unit 5, Albuquerque, NM 87102 since 03 November 2023. This property was built in 1926. 503 7th St SW Unit 5 is a home located in Bernalillo County with nearby schools including Washington Middle School, Albuquerque High School, and Siembra Leadership 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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