3409 Tulane Drive NE

    Albuquerque, NM 87107
    • $825,000
    • STATUS: Active
    • ON SITE: 9 days
    • MLS #: 951252
    UPDATED: 37 min ago
    $825,000
    • 0
      BEDS
    • 0.36
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1979
    County:
    Area:

    School Ratings & Info

    Description

    The Bart Prince Apartments feature ten architecturally unique two-bedroom units in the centrally located Alta Monte neighborhood. Designed by the legendary Albuquerque architect Bart Prince, the building is gated and fenced with a central courtyard. Each unit boasts an original feature - fireplace, balcony or fenced yard - making them easy to rent. The building has been thoughtfully updated with newer gas furnaces and roof, brand new stucco, exterior paint and a laundry room upgrade. Located within a 5-mile radius of over 75,000 jobs, this property is well positioned and close to Downtown, UNM, Uptown and the North I-25 corridor. The building has an excellent rental history with further upside potential. Present rents average $714, giving a GRM of 9.63 with a 6.39 CAP at the asking price.

    Monthly Payment Calculator

    IDX information © 2019 The Southwest Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by The Southwest Multiple Listing Service or Campbell & Campbell Real Estate Services. Data last updated: 2019-08-17T08:06:12.097.
    www.metrohomesearch.com/homes/97671512

    3409 Tulane Drive NE Albuquerque, NM 87107

    • Price: $825,000
    • Status: Active
    • Updated: 37 min ago
    • MLS #: 951252
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.36
    Acres
    1979
    Built
    Neighborhood:
    Indian Acres Sub
    County:
    Bernalillo
    Area:
    41 - Uptown
    Property Description
    The Bart Prince Apartments feature ten architecturally unique two-bedroom units in the centrally located Alta Monte neighborhood. Designed by the legendary Albuquerque architect Bart Prince, the building is gated and fenced with a central courtyard. Each unit boasts an original feature - fireplace, balcony or fenced yard - making them easy to rent. The building has been thoughtfully updated with newer gas furnaces and roof, brand new stucco, exterior paint and a laundry room upgrade. Located within a 5-mile radius of over 75,000 jobs, this property is well positioned and close to Downtown, UNM, Uptown and the North I-25 corridor. The building has an excellent rental history with further upside potential. Present rents average $714, giving a GRM of 9.63 with a 6.39 CAP at the asking price.
    Exterior Features

    Construction BrickFrame Exterior Material Stucco Stories 2 Total Buildings 3 Total Stories In Building 2.0

    Interior Features

    Appliances Included Refrigerator Average Unit Size 864.00 Basement No Cooling Other - See Remarks Flooring Carpet Heating Other - See Remarks Unit Type1 Approx Sq Ft 864 Unit Type1 Baths 1.00 Unit Type1 Bedrooms 2

    Property Features

    5 Plus Units Yes Age 31 - 40 Allowance Concession YN No Amenities Owners Unit Annual Gross Income 81981.00 Apx Taxes 3191.68 Average Actual Rent 714.00 Bank Owned No Builder Unknown Disability Access Unknown Finance Considered CashConventional Lead Base Paint No Lot Size Source On-Line Metering Individual ElectricIndividual Gas Miscellaneous Info No Sign Multiple Lots Two Operating Expenses 29292.00 Operating Expenses1 Other - See Remarks Owner Occupant Unit Yes Owner Pays Other - See Remarks Property Sub Type 9 Or More Units Rental Info Other - See Remarks Source Actual Record Tax Exemption Unknown Tenant Pays Other - See Remarks Total Actual Rent 7140.00 Total Units 10 Trade Exchange Considered No Unit Summary Annualized 85680.00 Unit Type1 Actual Rent 714 Unit Type1 Market Rent 779 Unit Type1 Max Rent 779 Unit Type1 Num Units 10 Utilities Cable ConnectedNatural Gas ConnectedPhone ConnectedSewer ConnectedWater Connected Year Built Exception Unknown Zoning R-Ml*

    Listing courtesy of Nm Apartment Advisors, Inc.. © 2019 Southwest Multiple Listing Service, Inc.
    IDX information © 2019 The Southwest Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by The Southwest Multiple Listing Service or Campbell & Campbell Real Estate Services. Data last updated: 2019-08-17T08:06:12.097.
     
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