3410 3422 Vail Avenue SE
Albuquerque, NM 87106
- 2 beds
- 1 bath
- 12,954 sqft
- ~3/4 acre lot
- $125 per sqft
- 1962 build
- – on site
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PRICE REDUCED! At a $70,000 discount, the revised in-place (Aug-24) cap rate is 6.23%. The Skylight Apartments satisfy common multifamily investment criteria: Well-below-market lease rates (45.08%), 100% 2 Bedroom-1 Bathroom units, fully renovated interiors, individually metered gas & electricity, minimal deferred maintenance, and an improving submarket. The four adjacent fourplexes include sixteen (16) sizable 2 Bedroom-1 Bathroom configurations (+/- 750 SF), which furnish in-unit washers and dryers (93.75%), vaulted ceiling skylights, private enclosed courtyards (75%), dishwashers, garbage disposals, and upgraded finishes.2014-2017 Improvements: Electrical, TPO Roofs, Plumbing, Windows, Interiors.Cap Rate: 6.23%Pro Forma Cap Rate: 10.02%Year-End 5 Valuation: $2,612,704
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Last updated Feb 19, 2025
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MLS# 1067416 —
The Building
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Year Built:1962
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Year Built Details:Renovated 2014-2017: Interiors, Plumbing, Electrical Meters, TPO Roofs (2016-2017), Vinyl Double-Pane Windows, and Appliances.
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Builder Name:Unkown.
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New Construction:false
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Construction Materials:Brick
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Stories:1
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Levels:One
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Basement:false
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Window Features:Skylights
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Security Features:ComplexFenced
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Building Area Total:12954.0
Interior
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Interior Features:Skylights
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Flooring:Concrete,Tile
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Laundry Features:WasherHookup,DryerHookup,InUnit
Room Dimensions
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Living Area:12954.0
Location
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Directions:SW Corner of Vail Ave. SE & Wellesley Dr. SE.
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Latitude:35.060815
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Longitude:-106.608165
The Property
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Parcel Number:101605641109040620; 1016056417091406; 10160564230
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Property Type:ResidentialIncome
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Property Subtype:MultiFamily
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Property Condition:Resale
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Zoning Description:R-MH*
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Lot Size Acres:0.72
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Lot Dimensions Source:PublicRecords
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Lot Size SqFt:31363.0
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Lot Size Source:PublicRecords
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Additional Parcels:true
Listing Agent
- Contact info:
- Agent phone:
- (505) 690-3232
- Office phone:
- (505) 878-0001
Taxes
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Tax Annual Amount:12173.72
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Tax Legal Description:(3410) WLY 7.5FT OF LT 9 X ALL OF LT 10 TR 14 KNOB HEIGHTS ADDN; (3414) WLY 15FT OF LT 8 X ELY 42.5 FT LT 9 TR 14 KNOB HEIGHTS ADDN; (3418) WLY 22.5FT OF LT 7 X ELY 35FT OF LT 8 TR 14KNOB HEIGHTS ADDN; (3422) THE WLY 30FT OF LT 6 X ELY 27.5 OF LT 7 TR 14 KNOB HEIGHTS ADDN.
Beds
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Bedrooms Total:2
Baths
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Total Baths:1
The Listing
Heating & Cooling
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Heating:FloorFurnace
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Heating:true
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Cooling:EvaporativeCooling,Refrigerated
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Cooling:true
Utilities
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Utilities:CableConnected,ElectricityConnected,NaturalGasConnected,SewerConnected,WaterConnected
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Electric:Other
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Green Energy Generation:None
Appliances
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Appliances:Dryer,Dishwasher,FreeStandingGasRange,Disposal,Microwave,Refrigerator,RangeHood,Washer
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
1/16/25
Jan 16, 2025
|
Sold | SWMLS | $1,625,000 |