Address
2129 Coal Avenue SE Albuquerque, NM
Price
$ 669,070
Property Attributes
  • MLS#993321
  • TypeMulti-Family
  • CountyBERNALILLO
  • CityAlbuquerque
  • AreaUNM South
  • NeighborhoodBuena Vista Heights Addition
  • Zip87106
  • StyleMulti Family
  • Year Built1930
  • Taxes$ 2050
  • Price$ 669,070
  • Bedrooms9
  • Full Bathrooms1
  • Half Bathrooms0
  • Sqr Footage5138
  • Lot Size5,227 SqFt
Listing Provided Courtesy Of:
NM Apartment Advisors, Inc.
Data Source:
Southwest Multiple Listing Service
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.

Price History
6/1/2021 Listed $669,070

General Features

Accessibility None
Additional Parcels Y/N Yes
Appliances Refrigerator
Construction Materials Frame
Cooling Evaporative Cooling
Electric None
Heating Central, Forced Air
Levels One
Listing Agent State License 13711
MLS Area 42 - UNM South
Property SubType Multi Family
Property Type Residential Income
PropertyCondition Resale
Stories 1
Subdivision Name Buena Vista Heights Addition
Terms Cash, Conventional
Total Units 9
Utilities Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Zoning Description MX-L*

Interior Features

Air Conditioning Y/N Yes
Heating Y/N Yes
Living Area 5138
Total Baths 1

Exterior Features

Lot Size Acres 0.12
Lot Size Source Public Records
Lot Size Square Feet 5227
Number of Buildings 5

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 87106

Price
AVG $860K
$670K
Taxes
AVG $3,040
$2,050
Visits
AVG 53
12
Year Built
AVG 1961
1930

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