BEDS10
BATHS
SQUARE FEET5,053
MLS#1098466
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONMOANA CONDO COMPLEX
Property Description
Investment package: Six updated condos in the 3-story, 42-unit gated Moana Condo Complex in SE Albuquerque near Kirtland AFB & Sandia Labs. Includes three 2BR/2BA, one 2BR/1BA, and two 1BR/1BA units. Secured parking in gated lot for 5 of the 6 condo units. Condo dues vary by size and cover exterior maintenance, exterior utilities (gas, water, sewer, trash), and exterior insurance; owner pays interior electric and taxes. Complex includes a pool. Fully leased; all units on leases with deposits in place. Current gross $81,888; NOI $40,065 (6.69% cap). Market rents project gross $98,352; NOI $51,053 (8.52% cap). Package sale only. Offers contingent on buyer's visual inspection within 72 hours of offer acceptance; proof of funds required on all offers. No sign or lockbox at property.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Refrigerated
Fenced: Yes
Heating: Central, Forced Air, Hot Water
Stories: 1.0
Taxes: $4,474
Year Built: 1965
Amenities
Landscaping
Lighting
Feature Descriptions
Accessibility: None
Appliances: Free-Standing Electric Range, Refrigerator
Community Features: Gated, Pool
Days on Site: 38
Exterior: Brick, Concrete
Flooring: See Remarks
Parcel#: 00000000000000
Pool: Community
Security: Complex Fenced
Swimming Pool: Yes
Units: 6
Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Listed By / Shown By
Listed By
Agency Name: Beach Realty
Agency Phone: (505) 270-9165
Shown By
Agent Name: Mae Cordova
Agent Phone: Primary: (505) 898-2700
Agency Title: Coldwell Banker Legacy
Estimate Your Payment
Estimated Payment
$ 1,880.66 per month $1,333.11 Principal & Interest $372.83 Property Tax $174.71 Homeowner's Insurance
1100 Alvarado Drive Se | MLS# 1098466
This multi-family property located at 1100 Alvarado Drive Se, Albuquerque, NM 87108 is currently listed for sale with an asking price of $599,000. Search Albuquerque real estate on mcordova.cblegacy.com today.