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 MLS (SWMLS) - 101 - NM
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
Flooring See Remarks
Heating Central, Forced Air
Levels One
Listing Agent State License 13711
Lot Size Square Feet 5227
MLS Area 42 - UNM South
Property SubType Multi Family
Property Type Residential Income
PropertyCondition Resale
Status Active
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
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 $760K
$670K
Taxes
AVG $3,189
$2,050
Visits
AVG 87
104
Year Built
AVG 1965
1930
Walkscore
AVG 68
83
Data Provided by Walkscore ® not using MLS data

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