1340 San Mateo Boulevard SE, Albuquerque, NM 87108 (MLS# 1003292)


$708,022
1340 San Mateo Boulevard SE
Albuquerque, NM 87108
MLS# 1003292
5320 sqft


1340 San Mateo Boulevard SE, Albuquerque, NM 87108
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Property Description
The owner has made major improvements to the property and with the assistance of the management company repositioned it for the next investors to take advantage of upcoming rent increases and utility billback. The property contains a fourplex and triplex building. The triplex building contains a 2nd level residence – that is an incredible large and elegant single family residence of 1,300 sf. Gleaming hardwood floors, new mini-split HVAC systems, upgraded windows, and overhaul of the landscaping is just a small indication of the over $121,000 of work this owner has performed. With an average rent of $816, and at the list price of $708,022 the measures of investment performance include $101,146 per unit, $135.64 per square foot, a before reserves cap rates of 5.99%, and after tax

Details
Maps
Documents
Contract Information
Listing Price: 708022
Current Price: $708,022
List Price/SqFt: 133.09
On Market Date: 2021-10-21
Status: Active
Allowance/Concession: No
Bank Owned: No
Location
Street #: 1340
Street Name: San Mateo
St Suffix: Boulevard
Post Direction: SE
County: Bernalillo
City/Town Code: Albuquerque
State/Province: NM
Zip Code: 87108
Zip +4: 4667
Geo Lat: 35.060524
Geo Lon: -106.586057
Area: 71 - Southeast Heights
Zone Atlas: L17
City/County Data
UPC Code: 101805601108330822
Subdivision: Virginia Place Add
General Property Description
# of Units: 7
5+ Units: Yes
Units for Sale: 7
Property Sub-Type: 1
Apx Structured SqFt: 5320
SqFt Source: Floorplan
Lot Size Source: On-Line
Acres: 0.26
Lot SqFt: 11325.6
Directions: From I-40 and San Mateo, south to property. From I-25 and Gibson, east to San Mateo, north to property.
Stories: 2
Total Stories in Bldg: 2
Total # of Buildings: 2
Year Built: 1957
Age: 61 - 70
Disability Access: Unknown
LBP Disclosure: Yes
Builder: Unknown
Owner Occupant Unit: Yes
Multiple Lots: Two
Flood Zone: X
Tax & Legal Info
GRT Code: 02-100
Current Taxes: 3458.34
Tax Exemption: No
Basement
Basement: No
Sales Info
Trade/Xch Considered: No
# of Unit Types (1)
# of Units: 4
# of Bedrooms: 1
# Baths: 1
Approx. SqFt: 730
Actual Rent: 400
Max Rent: 572
Market Rent: 592
# of Unit Types (2)
# of Units: 2
# Baths: 1
Style: Studio
Approx. SqFt: 500
Actual Rent: 375
Max Rent: 500
Market Rent: 509
# of Unit Types (3)
# of Units: 1
# of Bedrooms: 2
# Baths: 1
Style: Owners
Approx. SqFt: 1300
Actual Rent: 650
Max Rent: 850
Market Rent: 856
Unit Summary
Total Units: 7
Average Unit Size: 745.71
Average Actual Rent: 428.57
Annualized: 36000
Total Actual Rent: 3000
Property Features
Construction: Frame
Exterior Material: Stucco
Build Description: Resale
Amenities: Owners Unit
Appliances included: Refrigerator
Utilities: All City
Heating: 2+ Units
Cooling: Evaporative Cooling
Flooring: Tile; Wood
Electric Provider: Public Utility
Green Energy Electric: None
Owner Pays: Other - See Remarks
Tenant Pays: Other - See Remarks
Rental Info: Call Listing Broker
Trade/Xch Terms: Equity See LO/SO
Finance Considered: Cash; Conventional
Zoning: MX-L*

Listing Office: NM Apartment Advisors, Inc.

Last Updated: November - 23 - 2021

Some of the information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers' personal, non-commercial use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.

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