NOT LISTED FOR SALE

917 Amherst Dr SE Albuquerque, NM 87106

Southeast Heights Neighborhood
1 Bed
1 Bath
5,305 Sq Ft
0.29 Acres

Last Sold April 24, 2020

23 Days on Market

Highlights

  • Wood Flooring
  • Evaporated cooling system
  • Property has 1 Level
  • Bandelier Elementary School Rated A-
  • Landscaped
  • 3-minute walk to Puerto Del Sol

About This Home

As of April 2020

Property offers are being accepted up until 11/19/2019, in the event of multiple offers, Listing broker, with seller approval, will conduct a best and final round. Please do not write an offer with an escalator clause. Strongly suggest your offer include prequal letter and proof of funds and/or buyer deal resume.Amazing 8 unit apartment - first time for sale in 20+ years, embedded in Ridge crest neighborhood and a couple hundred feet south of Burton park.This is a value add opportunity with actual rents 22.2% below market.Measure of investment performance at list price and average rent of $516 include GRM of 9.19, Before Reserves Cap rate of 5.90% and after tax IRR Of 15.40%.If rents are raised to market average of $659, cap rates goes to 8.74%, cash on cash to 16.36%.

Last Agent to Sell the Property

Todd Clarke

NM Apartment Advisors, Inc. License #13711 Listed on: 11/11/2019

Last Buyer's Agent

Kyle Deacon

Deacon Property Services License #15579

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,571

Year Built

  • Built in 1958

Lot Details

  • 0.29 Acre Lot
  • Landscaped
  • Additional Parcels

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 5,305 Sq Ft Home
  • Property has 1 Level
  • Wood Flooring

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Utilities

  • Evaporated cooling system
  • Natural Gas Connected

Community Details

  • 5,305 Sq Ft Building
  • Knob Heights Subdivision

Listing and Financial Details

  • Assessor Parcel Number 101605645424741608

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,571

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Directions: From I-40 and Carlisle, south to Smith west to Amherst and property
  • Listing Contract Date: 2019-11-11
  • Year Built: 1958
  • Lot Size Acres: 0.29
  • Subdivision Name: Knob Heights
  • Unit Levels: One
  • New Construction: No
  • Year Built Details: Select One
  • Special Features: None

Interior Features

  • Flooring: Wood
  • Appliances: Refrigerator
  • Stories: 1
  • Number Of Buildings: 1
  • Accessibility Features: None
  • Basement YN: No
  • Total Bedrooms: 1
  • Living Area: 5305.0
  • Stories: 1

Exterior Features

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

Utilities

  • Cooling: Evaporative Cooling
  • Electric: None
  • Heating: Other, See Remarks
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Cooling Y N: Yes

Lot Info

  • Lot Size Sq Ft: 12806.64
  • Additional Parcels: Yes
  • Parcel #: 101605645424741608
  • Zoning Description: R-MH*

Rental Info

  • Tenant Pays: Other, See Remarks

Multi Family

  • Number Of Units Total: 8

Tax Info

  • Tax Annual Amount: 3570.78

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
04/24/2020 04/24/20 Sold -- -- --
12/04/2019 12/04/19 Pending -- -- --
11/11/2019 11/11/19 Price Changed $455,004 0.0% $86 / Sq Ft
11/11/2019 11/11/19 For Sale $455,005 -- $86 / 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 2020

    Todd Clarke

    NM Apartment Advisors, Inc.

    (505) 480-8885

    3 in this area

    224 Total Sales

    Section Image

  • K

    Buyer's Agent in 2020

    Kyle Deacon

    Deacon Property Services

    (505) 878-0100

    5 in this area

    169 Total Sales

    Section Image
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Map

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

MLS Number: 957614

Southwest MLS (Greater Albuquerque Association of REALTORS®)

APN: 1-016-056-454-247-4-16-08

New Mexico Bernalillo County Albuquerque 87106 Southeast Heights

917 Amherst Dr SE, Albuquerque, NM

This home is located at 917 Amherst Dr SE, Albuquerque, NM 87106 since 11 November 2019. This property was built in 1958. 917 Amherst Dr SE is a home located in Bernalillo County with nearby schools including Bandelier Elementary School, Wilson Middle School, and Highland 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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