NOT LISTED FOR SALE

504 Sycamore St SE Albuquerque, NM 87106

Silver Hill Neighborhood
1 Bed
1 Bath
2,795 Sq Ft
6,752 Sq Ft Lot

Last Sold November 04, 2020

3 Days on Market

Highlights

  • Wood Flooring
  • Evaporated cooling system
  • Floor Furnace
  • Monte Vista Elementary School Rated A-
  • Landscaped
  • 4-minute walk to Roosevelt Park

About This Home

As of November 2020

This is a six unit apartment building with 6 1bed/1bath units. It is located in the desirable Silver Hill Neighborhood and is across the street from Roosevelt Park. The apartments are within walking distance of UNM and within very easy biking distance. The apartments have hardwood floors and charming interiors. Two of the apartments have large private patios in the back. Also, there are 6 off-street parking spaces. The apartments are fully leased. The current capitalization rate is 5.88% with a cash on cash return of 5.11% improvable to 10.24% if rents are increased to market values. There is a strong upside potential to this investment property.

Last Agent to Sell the Property

Bruce Golden

Berger Briggs RE & Prop Mgmt License #46343 Listed on: 09/16/2020

Last Buyer's Agent

Tim Luten

Sperry Van Ness/WACB, Inc. License #2469

Sperry Van Ness/WACB, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,246

Year Built

  • Built in 1940

Lot Details

  • 6,752 Sq Ft Lot
  • Landscaped
  • Additional Parcels

Parking

  • 6 Parking Spaces

Home Design

  • Frame Construction

Interior Spaces

  • 2,795 Sq Ft Home
  • Property has 1 Level
  • Free-Standing Gas Range

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Outdoor Features

  • Exterior Lighting

Utilities

  • Evaporated cooling system
  • Floor Furnace
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 101505722716931010

Community Details

Overview

  • 2,795 Sq Ft Building

Building Details

  • Operating Expense $17,655
  • Gross Income $42,720

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,246

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Directions: Corner of Coal Ave. and Sycamore St. SE. Take Coal Ave. exit from I-25 and go east to Sycamore St. Property is on southeast corner.
  • Listing Contract Date: 2020-09-15
  • Year Built: 1940
  • Lot Size Acres: 0.16
  • Subdivision Name: N/A
  • Unit Levels: One
  • New Construction: No
  • Year Built Details: 71 - 80
  • Special Features: None

Interior Features

  • Flooring: Laminate, Wood
  • Appliances: Free-Standing Gas Range, Refrigerator
  • Stories: 1
  • Number Of Buildings: 1
  • Accessibility Features: None
  • Basement YN: No
  • Total Bedrooms: 1
  • Living Area: 2795.0

Exterior Features

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

Garage/Parking

  • Total Parking Spaces: 6.0

Utilities

  • Cooling: Evaporative Cooling
  • Electric: None
  • Heating: Floor Furnace
  • Utilities: Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Cooling Y N: Yes
  • Heating Yn: Yes

Lot Info

  • Lot Size Sq Ft: 6751.8
  • Additional Parcels: Yes
  • Parcel #: 101505722716931010
  • Zoning Description: R-T*

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Number Of Units Total: 6
  • Annual Gross Income: 42720.0
  • Annual Operating Expense: 17655.0

Tax Info

  • Tax Annual Amount: 1246.32

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
11/04/2020 11/04/20 Sold -- -- --
09/19/2020 09/19/20 Pending -- -- --
09/16/2020 09/16/20 For Sale $390,000 -- $140 / Sq Ft
Source: Southwest MLS (Greater Albuquerque Association of REALTORS®)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Bruce Golden

    Seller's Agent in 2020

    Bruce Golden

    Berger Briggs RE & Prop Mgmt

    (505) 670-3240

    3 in this area

    15 Total Sales

    Section Image
  • Tim Luten

    Buyer's Agent in 2020

    Tim Luten

    Sperry Van Ness/WACB, Inc.

    (505) 620-2259

    1 in this area

    20 Total Sales

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Map

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

MLS Number: 977152

Southwest MLS (Greater Albuquerque Association of REALTORS®)

New Mexico Bernalillo County Albuquerque 87106 Silver Hill

504 Sycamore St SE, Albuquerque, NM

This home is located at 504 Sycamore St SE, Albuquerque, NM 87106 since 16 September 2020. This property was built in 1940. 504 Sycamore St SE is a home located in Bernalillo County with nearby schools including Monte Vista Elementary School, Jefferson 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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