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121 General Arnold Street NE Albuquerque, NM $ 515,000
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$ 515,000 Get more info
121 General Arnold Street NE
$ 515,000
Back to search
Share Save

121 General Arnold Street NE

Albuquerque, NM, 87123
$ 515,000
Bedrooms2 Baths1.0 Sq 4,136

Monthly Estimate*

$ 3,597

121 General Arnold Street NE, Albuquerque, NM 87123 - Image 1
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Multi-Family Home for sale in Albuquerque, NM

for $515,000 with 2 bedrooms and 1 full bath. This 4,136 square foot home was built in 1980 on a lot size of 0.17.

Back on the market and an amazingly rare find a valued add sixplex in Albuquerque's northeast heights.This property contains 4 x 2 bedroom, 1 bathroom units and 2 x studio units. The owner has done an amazing job in renovations and the property shows well (check out the virtual tour below).Priced below market comparables at $573,521 and at the start price of $515,000 with an average rent of $783, measures of investment performance include a GRM of 8.11, a before reserves cap rate of 8.15% and an after-tax Internal Rate of Return (IRR) of 21.10%. If rents are raised to the market average of $858, measure of investment performance improve to a cap rate of 9.10% and a cash on cash of 14.09%.

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Multi-Family Active

Price

$ 515,000

Bedrooms

2

Full Bath

1

Property Type

Multi-Family

Taxes

$ 4,065

Style

MultiFamily

Lot Size

0.17

Year Built

1980

Town/City

Albuquerque

County/Region

Bernalillo

MLS | Web ID

1040970
Features
General
Heating Central ForcedAir
Cooling EvaporativeCooling
Utilities ElectricityConnected NaturalGasConnected PhoneConnected SewerConnected WaterConnected
Appliances Refrigerator
Construction Materials Frame
Year Built 1980
Electric None
Tenant Pays Other SeeRemarks
Stories 2
Levels Two
Property SubType MultiFamily
Gross Income 40071.0
County Bernalillo
Operating Expense 21481.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Subdivision Name Waggonman Denision Addition
Garage Y/N N
Green Energy Generation None
Status Active
Directions From I-40 and Eubank south to Central East to General Arnold north to property
City Albuquerque
Buyer Agent Compensation 3.0%
Disclosures RANM2100Disclosure
View Y/N N
Senior Community Y/N N
Zoning Description MX-M*
Total Units 6
MLS Area 50 - Northeast Heights
Lot Size Square Feet 7405.2
Private Pool N
Waterfront Y/N N
Carport Y/N N
Street Name General Arnold
Listing Terms Cash Conventional
Property Attached Y/N N
Land Lease Y/N N
Tax Annual Amount 4065.36
Home Warranty Y/N N
Property Condition Resale
Lease Renewal Y/N N
Additional Parcels Y/N Y
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 186
Builder Name Unknown
Standard Status Active
Legal Description Lot 14 Block 3 Waggonman Denision Addition
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Interior
Flooring Carpet Tile
Total Stories 2
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Street Suffix Street
Total Bedrooms 2
Electric On Property Y/N N
Total Baths 1
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Exterior
Number of Buildings 1
Spa N
Building Area Total 4136.0
Lot Size Acres 0.17
Lot Size Source PublicRecords
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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* Excluded Features
List By
Todd Clarke

Listing Agent

Nm Apartment Advisors, Inc.

Broker

tclarke@nmapartment.com

Email

Affordability Calculator

$3,936
Per Month
91%
9%
0%
Monthly Principal & Interest
$3,597
Monthly Property Taxes
$339
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
537023 Elementary School
537125 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
9/4/2023$457,332 Listed Price

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121 General Arnold Street NE, Albuquerque, NM, 87123 is a Multi-Family Home for sale at $515,000 with 4,136 sqft and a lot size of 0.17. 121 General Arnold Street NE has 2 bedrooms, 1.0 baths, and was built in 1980. The property's zip code is 87123 which is in Albuquerque, NM

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