NOT LISTED FOR SALE

8600 Zuni Rd SE Albuquerque, NM 87108

Trumbull Village Neighborhood
1 Bed
1 Bath
-- Sq Ft
1 Acres

Last Sold July 31, 2020

247 Days on Market

Highlights

  • 1 Acre Lot
  • Laundry Facilities
  • Carpet

About This Home

As of July 2020

NOTE*** Seller has accepted an offer, but purchase and sale agreement allows Seller to continue to receive offers in a backup position.Although recent renovations have been done, this investment is a value add opportunity.Measures of investment performance at ask price of $939,963 and current average rent of $508 are a GRM of 5.84, a 9.06% cap rate, $37,599 per unit, $61.34/sf and a before tax IRR of 26.40% and an after tax IRR of 20.40%.If rents are raised to submarket average of $660, measures of investment performance increase to a GRM of 4.75, a 12.30% cap rate and a 27.82% cash on cash.

Last Agent to Sell the Property

Todd Clarke

NM Apartment Advisors, Inc. License #13711 Listed on: 10/02/2019

Co-Listed By

Guy Gemmer

PS Properties License #17797

Last Buyer's Agent

Nonmls Nonmls

Non Member of SWMLS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,368

Year Built

  • Built in 1960

Lot Details

  • 1 Acre Lot
  • Additional Parcels

Home Design

  • Frame Construction

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Additional Features

  • Property has 2 Levels
  • Natural Gas Connected

Listing and Financial Details

  • Assessor Parcel Number 101905645152311926

Community Details

Overview

  • 25 Units
  • J Earl Burns Add Subdivision

Amenities

  • Laundry Facilities

Building Details

  • Operating Expense $72,847
  • Gross Income $146,480

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,368

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Directions: From Wyoming and I-40 south to Zuni, west to property
  • Year Built: 1960
  • Lot Size Acres: 1.0
  • Co List Office Mls Id: PSCP01
  • Co List Office Phone: (505) 553-2640
  • Subdivision Name: J Earl Burns Add
  • Unit Levels: Two
  • New Construction: No
  • Year Built Details: 51 - 60
  • Special Features: None

Interior Features

  • Flooring: Carpet, Vinyl
  • Appliances: Refrigerator
  • Stories: 2
  • Number Of Buildings: 1
  • Basement YN: No
  • Total Bedrooms: 1
  • Stories: 2

Exterior Features

  • Disclosures: Lead Based Paint Disclosure, Principal is Real Estate Licensed, 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, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected

Condo/Co-op/Association

  • Community Features: Laundry Facilities

Lot Info

  • Lot Size Sq Ft: 43560.0
  • Additional Parcels: Yes
  • Parcel #: 101905645152311926
  • Zoning Description: R-T*

Rental Info

  • Tenant Pays: Other, See Remarks

Multi Family

  • Number Of Units Total: 25
  • Annual Gross Income: 146480.0
  • Annual Operating Expense: 72847.0

Tax Info

  • Tax Annual Amount: 11367.74

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 List to Sale Price per Sq Ft
07/31/2020 07/31/20 Sold -- -- --
06/05/2020 06/05/20 Pending -- -- --
06/05/2020 06/05/20 Price Changed $994,610 +5.8% --
03/20/2020 03/20/20 For Sale $939,963 0.0% --
02/03/2020 02/03/20 Pending -- -- --
10/02/2019 10/02/19 For Sale $939,963 -- --
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

    9 in this area

    227 Total Sales

    Todd Clarke
    Section Image
  • Guy Gemmer

    Seller Co-Listing Agent in 2020

    Guy Gemmer

    PS Properties

    (505) 890-6993

    1 in this area

    29 Total Sales

    Guy Gemmer
    Section Image

  • N

    Buyer's Agent in 2020

    Nonmls Nonmls

    Non Member of SWMLS

See All Agents

Map

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

MLS Number: 955168

Southwest MLS (Greater Albuquerque Association of REALTORS®)

APN: 1-019-056-451-523-1-19-26

New Mexico Bernalillo County Albuquerque 87108 Trumbull Village

8600 Zuni Rd SE, Albuquerque, NM

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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