Multifamily For Sale

$212,500

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1105 Louisiana Boulevard SE

  • 2 beds
  • 1 bath
  • 2,739 sqft
  • 6,098 sqft lot
  • $77 per sqft
  • 1956 build
  • on site

The owner is open to selling each triplex (1101 and 1105 Louisiana SE) separately for $212,500, but would strongly prefer a sale to one buyer.Interior amenities include: carpet over hardwood floors, vinyl tile in bathroom/kitchen areas, private fenced yards for each resident as well as washer/dryer hookups. The property ask price of $425,000 is $70,833 per unit, $77.58 per square foot, a before reserves cap rates of 6.18%, a 8.14% cash on cash and an after tax IRR of 17.70%.The owner can trace his ownership back to 1975 on one of the two triplexes!Located across the street from the entrance of NM Veteran's Park and just north of the Gibson entrance to Kirtland Air Force Base and Sandia National laboratories, these units are well positioned to take advantage of the new emplo

SWMLS logo Listing courtesy of SWMLS / NM Apartment Advisors, Inc.

Last checked: Checking… • Last updated Jun 18, 2021 •

MLS# 994105 —

Amenities & Taxes

The Building

Year Built:
1956
New Construction:
No
Construction Materials:
Frame
Builder Name:
Unknown
Stories:
1
Stories Total:
1
Flooring:
Tile, Vinyl, Wood
Basement:
No
Number Of Units Total:
3
Building Area:
2,739 Sqft
Building Area Source:
Appraiser

Interior

Living Area Source:
Appraiser
Levels:
One

Room Dimensions

Living Area:
2739

Location

Latitude:
35.0597
Longitude:
-106.569154
Directions:
From I-25 and Gibson, east to Louisiana, north to property.

The Property

Zoning Description:
R-MH*
Lot Size Acres:
0.14
Lot Dimensions Source:
Public Records
Lot Size Source:
Public Records
Lot Size Square Feet:
6,098 Sqft
Property Type:
Residential Income
Property Condition:
Resale
Additional Parcels:
Yes
Exterior Features:
Landscaping

Listing Agent

Contact info:

Taxes

Tax Annual Amount:
$1,079

Beds

Bedrooms Total:
2

Baths

Bathrooms Total:
1

Heating & Cooling

Cooling:
Evaporative Cooling
Cooling:
Yes
Heating:
Central, Forced Air
Heating:
Yes

Utilities

Electric:
None
Utilities:
Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Appliances

Appliances:
Refrigerator

The Community

Subdivision Name:
Elder Homestead Addition

Schools

Rating Details

Van Buren Middle School

  • Public
  • 6-8
  • 0.5 mi

Emerson Elementary School

  • Public
  • K-5
  • 0.6 mi

Highland High School

  • Public
  • 9-12
  • 1.6 mi

GreatSchools scores are based on a scale from 1 to 10, where 10 is above average.

The school service areas are not definitive and should only be used as guidance. GreatSchools Ratings provided by www.greatschools.org

Flood Risk

This property has minimal flood risk

This property has a . Although flood risks across the country are changing because of the environment, this property is unlikely to flood over the next 30 years.

Provided by Flood Factor®

Flood Insurance

Recommended: MassiveCert estimates that this property is in FEMA Zone X, which means that flood insurance is recommended, but not required.

Get an instant insurance quote

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Sale history

Date Event Source Price % Change
6/11/21
Listed / Active SWMLS $212,500

Finding records…

No additional history available

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1105 Louisiana Boulevard SE
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