NOT LISTED FOR SALE

7524 2nd St NW Albuquerque, NM 87107

-- Bed
1 Bath
5,125 Sq Ft
0.76 Acres

Last Sold May 22, 2020

3 Days on Market

Highlights

  • 0.76 Acre Lot
  • Tile Flooring
  • Property has 1 Level

About This Home

As of May 2020

This 12 unit multi-family residence is a great investment opportunity in the north valley! Numerous recent improvements include new roofs on the two main buildings, newly painted exterior, new gas heaters throughout most units, and new bathrooms in multiple units as well. The property is conveniently located 1.5 miles south of Paseo Del Norte (Highway 423 - a major east/west thoroughfare in northern Albuquerque), less than a quarter-mile from a public library, and nearby other stores and daycare facilities.Measure of investment performance at the average rent of $568 include a GRM of 6.61, a Cap rate of 6.73%, and an internal rate of return 16.30%.If rents are raised to market $620, the measure of investment property increase to a cap rate of 8.11%, and a cash on cash of 13.04%.

Last Agent to Sell the Property

Todd Clarke

NM Apartment Advisors, Inc. License #13711 Listed on: 02/18/2020

Last Buyer's Agent

Nonmls Nonmls

Non Member of SWMLS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,026

Year Built

  • Built in 1946

Lot Details

  • 0.76 Acre Lot

Home Design

  • Frame Construction

Interior Spaces

  • 1 Bathroom
  • 5,125 Sq Ft Home
  • Property has 1 Level

Flooring

  • Carpet
  • Tile
  • Vinyl

Community Details

  • 12 Units
  • 5,125 Sq Ft Building

Listing and Financial Details

  • Assessor Parcel Number 101506331520940711

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,026

Year Built

Built in 1946

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Directions: From I-25 and Osuna - west on Osuna to 2nd Street, north to property
  • Listing Contract Date: 2020-02-18
  • Year Built: 1946
  • Lot Size Acres: 0.76
  • Unit Levels: One
  • New Construction: No
  • Year Built Details: 81 - 99
  • ResoBuildingAreaSource: Appraiser
  • Special Features: None

Interior Features

  • Flooring: Carpet, Tile, Vinyl
  • Appliances: Refrigerator
  • Stories: 1
  • Number Of Buildings: 3
  • Basement YN: No
  • Living Area: 5125.0
  • Stories: 1
  • ResoLivingAreaSource: Appraiser

Exterior Features

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

Utilities

  • Cooling: Other, See Remarks
  • Electric: None
  • Heating: Other, See Remarks
  • Utilities: Electricity Connected

Lot Info

  • Lot Size Sq Ft: 33018.48
  • Parcel #: 101506331520940711
  • Zoning Description: R-2

Rental Info

  • Tenant Pays: Other, See Remarks

Multi Family

  • Number Of Units Total: 12

Tax Info

  • Tax Annual Amount: 3026.0

Range of Values:

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Average Value
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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
05/22/2020 05/22/20 Sold -- -- --
02/21/2020 02/21/20 Pending -- -- --
02/18/2020 02/18/20 For Sale $540,000 +125.0% $105 / Sq Ft
09/30/2013 09/30/13 Sold -- -- --
07/17/2013 07/17/13 Pending -- -- --
11/01/2012 11/01/12 For Sale $240,000 -- --
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 2020

    Todd Clarke

    NM Apartment Advisors, Inc.

    (505) 480-8885

    4 in this area

    228 Total Sales

    Todd Clarke
    Section Image

  • N

    Buyer's Agent in 2020

    Nonmls Nonmls

    Non Member of SWMLS

  • J

    Seller's Agent in 2013

    Jon Snow

    Cibola Mgmt/Property Solutions

    Section Image

  • J

    Buyer's Agent in 2013

    Jeffrey Poston

    Creative Corporation

See All Agents

Map

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

MLS Number: 962642

Southwest MLS (Greater Albuquerque Association of REALTORS®)

APN: 1-015-063-315-209-4-07-11

New Mexico Bernalillo County Albuquerque 87107

7524 2nd St NW, Albuquerque, NM

This home is located at 7524 2nd St NW, Albuquerque, NM 87107 since 18 February 2020. This property was built in 1946. 7524 2nd St NW is a home located in Bernalillo County with nearby schools including Valley High School, North Valley Academy, and Mountain Mahogany Community 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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