$650,000

12100 Candelaria Road NE, Albuquerque, NM 87112

  • 2 beds |
  • 1 bath |
  • 3,318 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1989
  • Property Lot Size Icon0.3acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $196/sqft
  • Property List Date Icon Listed 9 months ago

Property Description

The property contains four, large one-story courtyard style apartment homes with unique, very private backyards and patio spaces. Each apartment is 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 east, 12120 Candelaria NE which will be available for sale at $750,000, after 12100 Candelaria NE closes. 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 $650,000 and average rents of $1,125 are a GRM of 12.04, a 6.19% cap rate, $162,500 per unit.Assuming a new loan with a 25% down payment, an interest rate of 6.25% and 30 year amortization, an owner can live on the property for as little $82

Listing Status:
Active
Date Added:
January 25, 2025 at 06:00AM
Listing Office:
NM Apartment Advisors, Inc. : (505) 440-8633
Listing Agent:
Todd D Clarke : (505) 440-8633
MLS ID:
1077130
  • Appliances: Refrigerator
  • Flooring: CarpetTile
  • A/C: Evaporative Cooling
  • Heating: CentralForced Air
  • Eco/Green Feature: None
  • Parking: Parking spaces: 8
  • General: FrameStucco1
  • Originating MLS: SWMLS
  • County: Bernalillo
  • Zoning: Tract 29C-1 Block 29-C Brentwood Hilltogether w/ a vac portion of CandelariaRd NE (Replat Blk 29-C Brentwood HillsAddition) containing .2968 Acres.102205934953512533
  • Utilities: Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected
  • Source: SWMLS

This listing courtesy of Todd D Clarke, NM Apartment Advisors, Inc.

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

J

John Baker Elementary School

12015 Tivoli Ave NE Ste B, Albuquerque, NM, 87111

Grades KG-5

0.50 miles away

H

Hoover Middle School

12015 Tivoli Ave NE, Albuquerque, NM, 87111

Grades 6-8

0.44 miles away

E

Eldorado High School

11300 Montgomery Blvd NE, Albuquerque, NM, 87111

Grades 9-12

1.01 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.