924 Valencia Drive SE
Albuquerque, NM 87108
- 1 bed
- 1 bath
- 17,600 sqft
- ~3/4 acre lot
- $111 per sqft
- 2000 build
- – on site
More homes
Measures of invest performance at the ask price of $1,955,736 and average current rents of $828 per unit, per month, include a GRM of 9.84, 5.01% cap rate and an after tax internal rate of return of 18.5%.If rents are moved to 80% of area median income, and an average of $1,248, measures of investment performance improve to a cap rate of 9.35%, and a cash on cash of 17.11%.The owner, Ventana Fund, is a non-profit CDFI and loan fund that specializes in the creation/preservation of affordable housing and is willing to offer financing with an initial interest rate of 3.95% , 30 year amortization, 5 year call, at 70% loan to value, with a list price offer. Financing would be subject to restrictions on allowable rents and resident income.Recent appraisal at $2.03M
Last checked:
As a licensed real estate brokerage, Estately has access to the same database professional Realtors use: the Multiple Listing Service (or MLS). That means we can display all the properties listed by other member brokerages of the local Association of Realtors—unless the seller has requested that the listing not be published or marketed online.
The MLS is widely considered to be the most authoritative, up-to-date, accurate, and complete source of real estate for-sale in the USA.
Estately updates this data as quickly as possible and shares as much information with our users as allowed by local rules. Estately can also email you updates when new homes come on the market that match your search, change price, or go under contract.
Checking…
•
Last updated Apr 16, 2025
•
MLS# 1038616 —
The Building
-
Year Built:2000
-
Builder Name:Erickson
-
New Construction:false
-
Construction Materials:BrickVeneer,Frame
-
Stories:2
-
Stories Total:2
-
Levels:Two
-
Basement:false
-
Exterior Features:Landscaping
-
Accessibility Features:WheelchairAccess
-
Building Area Total:17600.0
Interior
-
Flooring:Carpet,Tile
Room Dimensions
-
Living Area:17600.0
Location
-
Directions:From I-25 and Gibson, east to Valencia and north to property.
-
Latitude:35.064155
-
Longitude:-106.580504
The Property
-
Parcel Number:101805617321832501
-
Property Type:ResidentialIncome
-
Property Subtype:MultiFamily
-
Property Condition:Resale
-
Zoning Description:R-MH*
-
Lot Size Acres:0.77
-
Lot Dimensions Source:PublicRecords
-
Lot Size SqFt:33541.2
-
Lot Size Source:PublicRecords
-
Additional Parcels:true
Listing Agent
- Contact info:
- Agent phone:
- (505) 440-8633
- Office phone:
- (505) 440-8633
Taxes
-
Tax Annual Amount:13264.72
-
Tax Legal Description:Lot 10A1, Block 6,Virginia Place AdditionSubdivision
Beds
-
Bedrooms Total:1
Baths
-
Total Baths:1
Heating & Cooling
-
Heating:HeatPump
-
Heating:true
-
Cooling:CentralAir
-
Cooling:true
Utilities
-
Utilities:CableConnected,ElectricityConnected,WaterConnected
-
Green Energy Generation:None
Appliances
-
Appliances:Refrigerator
The Community
-
Subdivision Name:Virginia Place Addition
Parking
-
Parking Total:24.0
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
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).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
12/28/18
Dec 28, 2018
|
SWMLS | $1,490,240 |
