941 Alvarado Drive SE, Albuquerque, NM 87108

$256,000
2,940
SqFt
List Price
$256,000
MLS#
918612
Property Type
Multifamily
Sqft. of Residence
2,940
Lot Size
8,276
Region
Southeast Heights
Status
ACTIVE
Estimated Age
41 - 50

Property Description

Offered for sale by the original developer's family who has held title and occupied the property for 40+ years.The developer, Mr. Carl Williams was a rancher, developer and former executive director of the City of Albuquerque Parks and Recreation department. In 1963, he acquired this lot and designed his dream triplex, with plans (see page 16) to live there the rest of his life. His granddaughter and her family live in all 3 units.The property is being marketed with the bid process and an ask price of $256,000. Market comparable indicate that the final price is closer to $301,151. Current measure of investment performance as the ask price of $256,000 a GRM of 6.93, cap rate of 7.20%, a 11.50% cash on cash. The comparable sales supports $301,151. Property is being sold using BID Pr

Additional Information

County
Bernalillo
Subdivison
Melendres Sub
Age
41 - 50
Acres
0.19
Approximate Taxes
1063.18
Annual Gross Income
26595.0
Appliances Included
Refrigerator
Detached Type
No
Disability Access
Unknown
Financing
Cash, Conventional, FHA, VA
Floor Number
3
Flooring
Carpet
Garage Spaces
4
Operating Expenses
8214.00
Owner Pays
Other - See Remarks
Tenant Pays
Other - See Remarks
Total
3
Total
1
Township
Unknown
Utilities
All City
Zoning
R-3

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of NM Apartment Advisors, Inc..

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-commerical use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.