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12830 Central Avenue SE

Albuquerque, NM 87123
  • $815,000
  • STATUS: Active
  • ON SITE: 147 Days
  • MLS #: 1027994
UPDATED: 31 min ago
$815,000
  • 0
    BEDS
  • 0.64
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
County:

School Ratings & Info

Description

This mixed-use property, located off of US Route 66, is available for purchase with owner financing at a 3% interest rate and 30% down payment. Currently NNN leased at $60,000 gross annual income. At the asking price of $815,000, the capitalization rate is 7.36% and the target IRR is 25.79% after 6 years. Previously used as an auto repair shop and car sales lot with three sub-addresses. The building features three 10-ft bay doors, as well as adjacent storage, office, and retail space. It is zoned for a variety of uses. Recent renovations include a newer metal roof, updated heating and air conditioning systems, a newer water heater, increased electric panel capacity, and washer/dryer hookups. It also offers convenient access with a daily traffic count of about 22,000 cars for the property.

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IDX information © 2023 The Southwest Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by The Southwest Multiple Listing Service or The Buchman Group | Keller Williams Realty. Data last updated: 2023-06-09T09:05:11.827.
www.mynmdreamhome.com/homes/135996685
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12830 Central Avenue SE Albuquerque, NM 87123

  • Price: $815,000
  • Status: Active
  • On Site: 147 Days
  • Updated: 31 min ago
  • MLS #: 1027994
0
Beds
0
Baths
0
½ Baths
0.64
Acres
Neighborhood:
71 - Southeast Heights
County:
Bernalillo
Area:
71 - Southeast Heights
Property Description
This mixed-use property, located off of US Route 66, is available for purchase with owner financing at a 3% interest rate and 30% down payment. Currently NNN leased at $60,000 gross annual income. At the asking price of $815,000, the capitalization rate is 7.36% and the target IRR is 25.79% after 6 years. Previously used as an auto repair shop and car sales lot with three sub-addresses. The building features three 10-ft bay doors, as well as adjacent storage, office, and retail space. It is zoned for a variety of uses. Recent renovations include a newer metal roof, updated heating and air conditioning systems, a newer water heater, increased electric panel capacity, and washer/dryer hookups. It also offers convenient access with a daily traffic count of about 22,000 cars for the property.
Exterior Features

Construction Materials BlockMetalsiding Fencing Yardfenced Parking Features Onsite Parking Total 40 Stories Total 1

Interior Features

Cooling CentralairDuctlessEvaporativecoolingItem2units Cooling YN Yes Electric Item3PhaseItem220Volts Electric On Property YN Yes Heating MultipleheatingunitsNaturalgasRadiant Heating YN Yes

Property Features

Accessibility Features None Building Area Total 1981 Building Features OverheaddoorsPrivaterestroomsPublicrestroomsStorage Community Features Fencedyard Gross Income 60000 Land Lease YN No Leasable Area 100 Lease Considered YN No Listing Agreement Exclusiverighttosell Listing Terms CashConventionalOwnermaycarry Operating Expense 0 Property Sub Type Industrial Tax Annual Amount 3416.16 Tenant Pays CommonareamaintenanceElectricityExteriormaintenanceGasInsuranceTaxesWater Utilities ElectricityconnectedNaturalgasconnectedPhoneavailableSewerconnectedWaterconnected Zoning Description Mx-H*

Southwest MLS] logo Listing courtesy of Keller Williams Realty: (505) 897-1100. © 2023 Southwest Multiple Listing Service, Inc.


IDX information © 2023 The Southwest Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by The Southwest Multiple Listing Service or The Buchman Group | Keller Williams Realty. Data last updated: 2023-06-09T09:05:11.827.
 
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The Buchman Group | Keller Williams Realty
6703 Academy Rd NE
Albuquerque NM, 87109