NOT LISTED FOR SALE

5817 Central Ave NW Albuquerque, NM 87105

West Mesa Neighborhood
1 Bed
1 Bath
8,150 Sq Ft
0.75 Acres

Last Sold March 19, 2021

Highlights

  • 0.75 Acre Lot
  • Community Playground
  • Landscaped
  • Evaporated cooling system
  • Tile Flooring
  • Forced Air Heating System

About This Home

As of March 2021

This property is packaged for a fast, smooth and easy transaction - The owner has prepaid for inspections and information to make for a smooth transaction.Located on historic Route 66, and part of the West Route 66 Renaissance from the new Route 66 visitors center to the under construction Amazon distribution facility and located along the $130M investment in Albuquerque future of mass transit - the A.R.T. (Albuquerque Rapid Transit). This community is walking distance to retail, restaurants and two different A.R.T. transit stops.The list price is $775,490, with an average rent of $599, measures of investment performance include a GRM of 7.71, a before reserves cap rate of 6.88% and an after tax Internal Rate of Return (IRR) of 18.40%..

Last Agent to Sell the Property

Todd Clarke

NM Apartment Advisors, Inc. License #13711 Listed on: 09/13/2020

Last Buyer's Agent

Sean Hellmann

Keller Williams Realty

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,109

Year Built

  • Built in 1980

Lot Details

  • 0.75 Acre Lot
  • Landscaped

Home Design

  • Frame Construction

Interior Spaces

  • 8,150 Sq Ft Home
  • Property has 1 Level

Flooring

  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Utilities

  • Evaporated cooling system
  • Forced Air Heating System
  • Natural Gas Connected

Listing and Financial Details

  • Assessor Parcel Number 101105720036220803

Community Details

Overview

  • 14 Units
  • 8,150 Sq Ft Building
  • Atrisco Grant Subdivision

Recreation

  • Community Playground

Building Details

  • Operating Expense $42,217
  • Gross Income $95,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,109

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Directions: From I-40 and Coors - south on Coors, west on Central to property. Note A.R.T lanes may require going past the property and making a U-Turn.
  • Listing Contract Date: 2020-09-12
  • Year Built: 1980
  • Lot Size Acres: 0.75
  • Subdivision Name: Atrisco Grant
  • Unit Levels: One
  • New Construction: No
  • Year Built Details: 31 - 40
  • ResoBuildingAreaSource: Appraiser
  • Special Features: VirtualTour

Interior Features

  • Flooring: Tile, Vinyl
  • Appliances: Refrigerator
  • Stories: 1
  • Number Of Buildings: 4
  • Basement YN: No
  • Total Bedrooms: 1
  • Living Area: 8150.0
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Exterior Features: Landscaping
  • Disclosures: RANM 2100 Disclosure
  • Builder Name: UNknown
  • Construction Type: Frame
  • Property Condition: Resale

Utilities

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

Condo/Co-op/Association

  • Community Features: Playground

Lot Info

  • Lot Size Sq Ft: 32670.0
  • Parcel #: 101105720036220803
  • Zoning Description: R-ML*

Rental Info

  • Tenant Pays: Other, See Remarks

Multi Family

  • Number Of Units Total: 14
  • Annual Gross Income: 95600.0
  • Annual Operating Expense: 42217.0

Tax Info

  • Tax Annual Amount: 4109.12

Range of Values:

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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
03/19/2021 03/19/21 Sold -- -- --
12/22/2020 12/22/20 Pending -- -- --
09/13/2020 09/13/20 For Sale $775,490 -- $95 / 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

    3 in this area

    226 Total Sales

    Todd Clarke
    Section Image
  • Sean Hellmann

    Buyer's Agent in 2021

    Sean Hellmann

    Keller Williams Realty

    (505) 453-3002

    3 in this area

    221 Total Sales

    Sean Hellmann
    Section Image
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Map

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

MLS Number: 976995

Southwest MLS (Greater Albuquerque Association of REALTORS®)

APN: 1-011-057-200-362-2-08-03

New Mexico Bernalillo County Albuquerque 87105 West Mesa

5817 Central Ave NW, Albuquerque, NM

This home is located at 5817 Central Ave NW, Albuquerque, NM 87105 since 13 September 2020. This property was built in 1980. 5817 Central Ave NW is a home located in Bernalillo County with nearby schools including Lavaland Elementary School, John Adams Middle School, and West Mesa 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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