12120 Candelaria RD NE Active Save Request In-Person Tour Request Virtual Tour
Albuquerque,NM 87112
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Subdivision Tr 29C-2 Blk 29-C Brentwood Hills
MLS Listing ID 1078050
Bedrooms 2
Year Built 1989
Annual Tax Amount $4,117
Lot Size 0.330 Acres
Property Sub-Type Quadruplex
Property Description
The property is located close to foothills trails, I-25, Kirtland Air Force Base, Sandia National Laboratories and great local shopping & restaurants. Each townhouse style apartment contains two bedrooms and one bathroom upstairs and 1/2 have bathroom and laundry room downstairs and they are also separately metered for gas and electric. Large parking lot accommodates plenty of off street parking. The same owner also own the fourplexes to the west, 12100 Candelaria NE which is available for sale at $650,000. The owner is willing to make both available to an investor who is looking for 8 units.Measures of investment performance at ask price of $750,000 and average rents of $1,250 are a GRM of 12.50, a 5.99% cap rate, $187,500 per unit, $185/sf.
Location
State NM
County Bernalillo
Area 50 - Northeast Heights
Interior
Heating Central, Forced Air
Cooling Evaporative Cooling
Flooring Carpet
Exterior
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Building
Story 2
New Construction No
Others
Acceptable Financing Cash,Conventional,FHA,VA Loan
Listing Terms Cash,Conventional,FHA,VA Loan
Virtual Tour https://my.matterport.com/show/?m=gBLgRY31wtP