NOT LISTED FOR SALE

524 12th St NW Albuquerque, NM 87102

Downtown Albuquerque Neighborhood
1 Bed
1 Bath
2,928 Sq Ft
6,970 Sq Ft Lot

Last Sold November 29, 2021

99 Days on Market

Highlights

  • Wood Flooring
  • Evaporated cooling system
  • Property has 1 Level
  • Albuquerque High School Rated A-
  • Forced Air Heating System
  • 4-minute walk to Mary Fox Park

About This Home

As of November 2021

This well-located triplex is back on the market - now with updated inspection reports. Located at 12th/Lomas and walking distance to the downtown core as well as the old downtown square and their combined over 100+ restaurants and retail opportunities. Located at 524 12th NW, 1114 and 1118 Lomas NW, this property contains a medium sized one bedroom one bath, a vacant ready for owner-occupant large one bedroom one bath with basement, as well as a leased two-bedroom one bath unit.The new price $340,000 is the outcome of the most recent bidding war and best and final round, please note this price is 20% lower than recent market comparable sales.Measures of investment performance at ask price of $340,000 with a current average rent of $967 are a GRM of 10.283, a 7.12% cap rate

Last Agent to Sell the Property

Todd Clarke

NM Apartment Advisors, Inc. License #13711 Listed on: 07/09/2021

Co-Listed By

Sheila Parra

Realty One of New Mexico License #46653

Last Buyer's Agent

Thomas Mestas

The M Real Estate Group License #17458

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,223

Year Built

  • Built in 1926

Lot Details

  • 6,970 Sq Ft Lot
  • Additional Parcels

Parking

  • 3 Parking Spaces

Home Design

  • Triplex
  • Frame Construction
  • Stucco

Interior Spaces

  • 2,928 Sq Ft Home
  • Property has 1 Level
  • Basement

Flooring

  • Wood
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Utilities

  • Evaporated cooling system
  • Window Unit Cooling System
  • Forced Air Heating System
  • Natural Gas Connected

Listing and Financial Details

  • Assessor Parcel Number 101305845416843409

Community Details

Overview

  • 3 Units
  • 2,928 Sq Ft Building
  • Perea Additon Subdivision

Building Details

  • Operating Expense $9,593
  • Gross Income $31,065

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,223

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Triplex
  • Directions: From I-40 and 12th - south to Lomas, east to property.
  • Listing Contract Date: 2021-07-09
  • Year Built: 1926
  • Lot Size Acres: 0.16
  • Co List Office Mls Id: RONM05
  • Co List Office Phone: (505) 883-9400
  • Subdivision Name: Perea Additon
  • Unit Levels: One
  • New Construction: No
  • Property Sub Type Additional: Triplex
  • Special Features: VirtualTour

Interior Features

  • Flooring: Tile, Vinyl, Wood
  • Appliances: Refrigerator
  • Stories: 1
  • Number Of Buildings: 2
  • Basement YN: Yes
  • Total Bedrooms: 1
  • Living Area: 2928.0
  • Stories: 1

Exterior Features

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

Garage/Parking

  • Total Parking Spaces: 3.0

Utilities

  • Cooling: Evaporative Cooling, Window Unit(s)
  • Electric: None
  • Heating: Central, Forced Air
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Cooling Y N: Yes
  • Heating Yn: Yes

Lot Info

  • Lot Size Sq Ft: 6969.6
  • Additional Parcels: Yes
  • Parcel #: 101305845416843409
  • Zoning Description: MX-L*

Rental Info

  • Tenant Pays: Other, See Remarks

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 31065.0
  • Annual Operating Expense: 9593.0

Tax Info

  • Tax Annual Amount: 4223.0

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
11/29/2021 11/29/21 Sold -- -- --
10/16/2021 10/16/21 Pending -- -- --
10/03/2021 10/03/21 Price Changed $340,000 +25.0% $116 / Sq Ft
10/03/2021 10/03/21 For Sale $272,000 0.0% $93 / Sq Ft
09/15/2021 09/15/21 Pending -- -- --
08/25/2021 08/25/21 For Sale $272,000 0.0% $93 / Sq Ft
08/25/2021 08/25/21 Price Changed $272,000 -20.0% $93 / Sq Ft
08/14/2021 08/14/21 Pending -- -- --
07/09/2021 07/09/21 For Sale $340,000 -2.3% $116 / Sq Ft
06/20/2017 06/20/17 Sold -- -- --
05/08/2017 05/08/17 Pending -- -- --
08/25/2016 08/25/16 For Sale $348,000 -- $116 / 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 2021

    Todd Clarke

    NM Apartment Advisors, Inc.

    (505) 480-8885

    20 in this area

    228 Total Sales

    Todd Clarke
    Section Image

  • S

    Seller Co-Listing Agent in 2021

    Sheila Parra

    Realty One of New Mexico

    (505) 948-8740

    1 in this area

    13 Total Sales

    Sheila Parra
    Section Image
  • Thomas Mestas

    Buyer's Agent in 2021

    Thomas Mestas

    The M Real Estate Group

    (505) 819-5838

    1 in this area

    189 Total Sales

    Thomas Mestas
    Section Image

  • K

    Seller's Agent in 2017

    Kathy A Petit

    Southwest Realty

    (505) 514-1474

    51 Total Sales

    Kathy A Petit
    Section Image
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Map

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

MLS Number: 996361

Southwest MLS (Greater Albuquerque Association of REALTORS®)

APN: 1-013-058-454-168-4-34-09

New Mexico Bernalillo County Albuquerque 87102 Downtown Albuquerque

524 12th St NW, Albuquerque, NM

This home is located at 524 12th St NW, Albuquerque, NM 87102 since 09 July 2021. This property was built in 1926. 524 12th St NW 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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