Bought with Keller Williams Realty
$669,000
$669,070
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1 Bath
5,138 SqFt
SOLD DATE : 01/21/2022
Key Details
Sold Price $669,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 5,138 sqft
Price per Sqft $130
Subdivision Buena Vista Heights Addition
MLS Listing ID 993321
Sold Date 01/21/22
Construction Status Resale
HOA Y/N No
Year Built 1930
Annual Tax Amount $2,049
Lot Size 5,227 Sqft
Acres 0.12
Lot Dimensions Public Records
Property Sub-Type Multi Family
Property Description
When this owner bought this property some 40 years ago, he remembers when the Frontier restaurant was just a corner coffee shop, not the economic power house it is today.Own your own piece of UNM/CNM history - located on the Northwest corner of Yale and Coal this 9 unit property contains multiple buildings on a .5038 acre MX-L zoned site. Addresses include 2129-2131 Coal SE as well as 405 Yale SE.At the ask price of $669,070 the measure of investment performance at current average rent of $689, include GRM of 8.99, 5.50% Cap rate after reserves, and an after tax IRR of 16.40%. If rents are moved to market of $814, measures of investment performance improve to 7.61 GRM, 7.56% Cap rate before reserves, and a cash on cash of 12.36% cash on cash.
Location
State NM
County Bernalillo
Area 42 - Unm South
Interior
Heating Central, Forced Air
Cooling Evaporative Cooling
Flooring See Remarks
Fireplace No
Appliance Refrigerator
Exterior
Utilities Available Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Accessibility None
Building
Story 1
Entry Level One
Level or Stories One
New Construction No
Construction Status Resale
Others
Tax ID 101505750708640508
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash
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