NOT LISTED FOR SALE

902 11th St NW Albuquerque, NM 87102

Downtown Albuquerque Neighborhood
3 Beds
2 Baths
3,600 Sq Ft
0.33 Acres

Last Sold April 12, 2024

125 Days on Market

Highlights

  • 0.33 Acre Lot
  • Wood Flooring
  • Landscaped
  • Albuquerque High School Rated A-
  • Evaporated cooling system
  • Forced Air Heating System

About This Home

As of April 2024

Located in the downtown/old town trade area and about halfway between the Civic Plaza and Old Town's plaza.Located on the east side of 11th street, this three unit, contains a large 3 bedroom, 2 bathroom house + 2 smaller units and a garage the rear. The rear duplex has direct alley access and its own off street parking. The residences offer hardwood floors, attractive layouts, semi-private yard spaces and the property is covered in lush landscaping. At the current average rents of $1,315, and an ask price of $537,385 the measures of investment performance include a price per unit of $179,128, price per square foot of $149.27, a GRM of 11.35, an after reserves cap rate of 6.35%, and an after-tax IRR of 16.30%.Full inspections are available once buyer completes online conf agre

Last Listed By

Todd Clarke

NM Apartment Advisors, Inc. License #13711 Listed on: 10/09/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,672

Year Built

  • Built in 1929

Lot Details

  • 0.33 Acre Lot
  • Landscaped
  • Additional Parcels

Home Design

  • Triplex
  • Frame Construction

Interior Spaces

  • 3,600 Sq Ft Home
  • Property has 1 Level
  • Basement

Flooring

  • Wood
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 101305851324544939

Community Details

Overview

  • 3 Units
  • 3,600 Sq Ft Building
  • Midvale Subdivision

Building Details

  • Operating Expense $10,470
  • Gross Income $39,216

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,672

Year Built

Built in 1929

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Triplex
  • Directions: From I-40 and 12th street north to Mountain, east to 11th, south to property.
  • Listing Contract Date: 2023-10-09
  • Year Built: 1929
  • Lot Size Acres: 0.33
  • Subdivision Name: Midvale Subdivision
  • 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: 3
  • Accessibility Features: None
  • Basement YN: Yes
  • Total Bedrooms: 3
  • Living Area: 3600.0
  • Stories: 1

Exterior Features

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

Utilities

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

Green Features

  • Green Power: None

Lot Info

  • Lot Size Sq Ft: 14374.8
  • Additional Parcels: Yes
  • Parcel #: 101305851324544939
  • Zoning Description: R-1A*

Rental Info

  • Tenant Pays: Other, See Remarks

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 39216.0
  • Annual Operating Expense: 10470.0

Tax Info

  • Tax Annual Amount: 3672.26

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
04/12/2024 04/12/24 Sold -- -- --
02/12/2024 02/12/24 Pending -- -- --
12/01/2023 12/01/23 For Sale $537,385 0.0% $149 / Sq Ft
11/20/2023 11/20/23 Pending -- -- --
10/09/2023 10/09/23 For Sale $537,385 -- $149 / 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 2024

    Todd Clarke

    NM Apartment Advisors, Inc.

    (505) 480-8885

    14 in this area

    234 Total Sales

    Todd Clarke
    Section Image

  • K

    Buyer's Agent in 2024

    Kyle Deacon

    Deacon Property Services

    (505) 878-0100

    4 in this area

    179 Total Sales

    Kyle Deacon
    Section Image
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Map

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

MLS Number: 1042844

Southwest MLS (Greater Albuquerque Association of REALTORS®)

APN: 1-013-058-513-245-4-49-39

New Mexico Bernalillo County Albuquerque 87102 Downtown Albuquerque

902 11th St NW, Albuquerque, NM

Homes for Sale in Albuquerque, NM

This home is located at 902 11th St NW, Albuquerque, NM 87102 since 09 October 2023. This property was built in 1929. 902 11th 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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