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7919 Bell Avenue SE

Albuquerque, NM 87108
  • $1,849,171
  • STATUS: Active
  • ON SITE: 116 Days
  • MLS #: 1054785
UPDATED: 61 min ago
$1,849,171
  • 3
    BEDS
  • 1.58
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 13,614
    SQFT
  • $136
    $/SQFT
Type:
Multi-Family
Built:
1980
County:

School Ratings & Info

Description

NM Apartment Advisors is excited to offer this once in a decade opportunity to acquire a large portfolio of single family investments spread across Albuquerque, New Mexico.The sellers are offering financing to qualified investors (*) with 21.5% down payment, 78.5% loan to value, 4.85% interest rate, 30 year amortization and a 6 year call. (*subject to sellers review of buyers credit report, financial statement, deal resume, and tax returns).If you have a client who would like a tax deferral strategy - this might be their deal as this could be their last 1031 exchange into this portfolio, wait a couple of years and then sell off one house year (paying the tax) to ease through the tax consequences and cash out.Additionally, the portfolio is priced 23% below comps.

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IDX information © 2024 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 Sandi Pressley Team | Coldwell Banker Legacy. Data last updated: 2024-04-24T00:06:23.313.
www.sandisells.com/homes/146286259
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7919 Bell Avenue SE Albuquerque, NM 87108

  • Price: $1,849,171
  • Status: Active
  • On Site: 116 Days
  • Updated: 61 min ago
  • MLS #: 1054785
3
Beds
2
Baths
0
½ Baths
1.58
Acres
13,614
SQFT
$136
$/SQFT
1980
Built
Neighborhood:
Multiple Legal Descriptions For 11 Properties
County:
Bernalillo
Area:
71 - Southeast Heights
Property Description
NM Apartment Advisors is excited to offer this once in a decade opportunity to acquire a large portfolio of single family investments spread across Albuquerque, New Mexico.The sellers are offering financing to qualified investors (*) with 21.5% down payment, 78.5% loan to value, 4.85% interest rate, 30 year amortization and a 6 year call. (*subject to sellers review of buyers credit report, financial statement, deal resume, and tax returns).If you have a client who would like a tax deferral strategy - this might be their deal as this could be their last 1031 exchange into this portfolio, wait a couple of years and then sell off one house year (paying the tax) to ease through the tax consequences and cash out.Additionally, the portfolio is priced 23% below comps.
Exterior Features

Construction Materials Frame Exterior Features Landscaping Levels One Stories Total 1

Interior Features

Appliances Refrigerator Basement YN No Cooling Evaporative Cooling Cooling YN Yes Flooring Carpet Vinyl Heating Central Forced Air Heating YN Yes

Property Features

Additional Parcels YN Yes Builder Name Unknown Building Area Total 13614 Green Energy Generation None Gross Income 146479 Listing Agreement Exclusive Right To Sell Listing Terms Owner May Carry New Construction YN No Operating Expense 53529 Property Condition Resale Property Sub Type Multi Family Tax Annual Amount 826.08 Tenant Pays Other See Remarks Utilities Electricity Connected Natural Gas Connected Sewer Connected Water Connected Zoning Description R-1

Southwest MLS] logo Listing courtesy of NM Apartment Advisors, Inc.: (505) 440-8633. © 2024 Southwest Multiple Listing Service, Inc.


IDX information © 2024 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 Sandi Pressley Team | Coldwell Banker Legacy. Data last updated: 2024-04-24T00:06:23.313.
 
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Sandi Pressley Team | Coldwell Banker Legacy
10400 Academy Rd NE Suite 100
Alburquerque NM, 87111