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2129 Coal Avenue SE

Albuquerque, NM 87106
  • $669,070
  • STATUS: Active
  • ON SITE: 143 Days
  • MLS #: 993321
UPDATED: 68 min ago
$669,070
  • 0
    BEDS
  • 0.12
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,138
    SQFT
  • $130
    $/SQFT
Type:
Multi-Family
Built:
1930
County:

School Ratings & Info

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.

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IDX information © 2021 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 The Shear Team | Realty ONE Group Concierge. Data last updated: 2021-10-23T12:04:53.153.
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2129 Coal Avenue SE Albuquerque, NM 87106

  • Price: $669,070
  • Status: Active
  • Updated: 68 min ago
  • MLS #: 993321
0
Beds
0
Baths
0
½ Baths
0.12
Acres
5,138
SQFT
$130
$/SQFT
1930
Built
Neighborhood:
Buena Vista Heights Addition
County:
Bernalillo
Area:
42 - UNM South
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.
Exterior Features

Construction Materials Frame Levels One Stories Total 1

Interior Features

Appliances Refrigerator Basement YN No Bathrooms Total Integer 1 Cooling Evaporative Cooling Cooling YN Yes Electric None Flooring See Remarks Heating CentralForced Air Heating YN Yes

Property Features

Accessibility Features None Additional Parcels YN Yes Builder Name Unknown Building Area Total 5138 Disclosures Lead Based Paint DisclosureRanm 2100 Disclosure Listing Agreement Exclusive Right To Sell New Construction YN No Property Condition Resale Property Sub Type Multi Family Tax Annual Amount 2050 Tenant Pays OtherSee Remarks Utilities Electricity ConnectedNatural Gas ConnectedPhone ConnectedSewer ConnectedWater Connected Zoning Description Mx-L*

Listing courtesy of Nm Apartment Advisors, Inc.. © 2021 Southwest Multiple Listing Service, Inc.


IDX information © 2021 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 The Shear Team | Realty ONE Group Concierge. Data last updated: 2021-10-23T12:04:53.153.
 
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The Shear Team | Realty ONE Group Concierge
100 Sun Ave., NE. Suite 150
Albuquerque NM, 87109