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$948,597
12361 Mountain Rd NE, Albuquerque, NM 87112
1 Beds
1 Baths
4,800 SqFt

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Located in the highly sought after NE heights submarket, these units are located adjacent to a city park and oozing with curb appeal. The property is within walking distance to trailhead for Albuquerque's hundreds of miles of nature trails along the Sandia Mountain foothills. The residences offer refrigerated air condition, luxury vinyl tile, upgraded windows and doors and access to private courtyards with shade trees. Positive pitch TPO roof installed in last few years. With the recent surge in traveling nurses, this property, if furnished could have an amazing value add play.At the ask price of $948,597 and with an average rent of $795, the measures of investment performance include $118,575 per unit, $197.62 per square foot, a before reserves cap rates of 5.25%,
  • Price:
  • $948,597
  • Bedrooms:
  • 1
  • Square Footage:
  • 4,800
  • Acreage:
  • 0.27
  • Year Built:
  • 1977
  • Listing ID #:
  • 1014056
  • Street Address:
  • 12361 Mountain Rd NE
  • City:
  • Albuquerque
  • State:
  • New Mexico
  • Postal Code:
  • 87112
  • County:
  • Bernalillo
  • Community:
  • 50 - Northeast Heights
  • Subdivision:
  • Royal Heights Subdivision
  • Listing Status:
  • Active
  • Listing Type:
  • Residential Income
  • Approximate Total Liveable Area:
  • 4800
  • Building Condition:
  • Resale
  • Construction Description:
  • Frame
  • Exterior Features:
  • Landscaping
  • Flooring:
  • Vinyl
  • Number Of Units:
  • 8
  • Stories:
  • 1
  • Total # Of Buildings:
  • 3
  • Total Building Square Footage:
  • 4800
  • Year Built:
  • 1977
  • Gross Income:
  • 78504
  • Operating Expense:
  • 28703
  • Approximate Lot Size Range Source:
  • Public Records
  • Lot Square Footage:
  • 11761.2
  • Zoning Description:
  • Mx-L*
  • Days On Market:
  • 96
  • Originating Mls:
  • Swmls
  • Terms:
  • Cash, Conventional
  • Property Taxes:
  • $2,885
  • Tenant Pays:
  • Other, See Remarks
  • Parking Spaces:
  • 8
  • Appliances:
  • Refrigerator
  • Cooling System:
  • Refrigerated
  • Has Central Air Conditioning:
  • 1
  • Heating:
  • Central, Forced Air
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo

Source: CINC

  • Listing provided by Nm Apartment Advisors
  • ALBUQ

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