$579,429

12229 Menaul Blvd NE Albuquerque, NM 87112

Estimated payment $3,447/month

Total Views 32,609
3 Beds
2 Baths
3,107 Sq Ft
$186 Price per Sq Ft

Highlights

  • Evaporated cooling system
  • Tile Flooring
  • Property has 1 Level
  • Eldorado High School Rated A
  • Forced Air Heating System

About This Home

Located just a few blocks west of the Sandia mountain foothills at 12229 Menaul NE, the unit mix includes:- Unit A is a 1,274 square foot, 3 bedroom / 2 bathroom with a 2 car garage.- Unit B is a 1,100 square foot, 2 bedroom, 1bathroom home.- Unit C is a 829 square foot, 2 bedroom, 1 bathroom home.Each residence has its own private area and/or backyard.Besides the spacious units, the main amenity for this property is the quiet and serene NE Heights neighborhood close to foothills trails and shopping.Measures of investment performance at ask price of $579,429 and average rents, as of 2/1/2024, of $1,325 are a GRM of 12.15, a 5.25% cap rate, $193,143 per unit, $186/sf and an after tax IRR of 13.2%.

Listing Agent

Todd Clarke

NM Apartment Advisors, Inc. License #13711 Listed on: 12/04/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,969

Year Built

  • Built in 1977

Lot Details

  • 8,276 Sq Ft Lot
  • Additional Parcels

Parking

  • 4 Parking Spaces

Home Design

  • Triplex
  • Frame Construction
  • Stucco

Interior Spaces

  • 3,107 Sq Ft Home
  • Property has 1 Level
  • Tile Flooring

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Utilities

  • Evaporated cooling system
  • Forced Air Heating System
  • Natural Gas Connected
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 102205943630110604

Community Details

Overview

  • 3,107 Sq Ft Building
  • Brentwoods Hills Subdivision

Building Details

  • Manager's Unit
  • Operating Expense $14,916
  • Gross Income $45,315

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,969

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Triplex
  • Directions: From I-40 Tramway, north on Tramway to Menaul, west to property
  • Listing Contract Date: 2023-12-04
  • Year Built: 1977
  • Lot Size Acres: 0.19
  • Subdivision Name: Brentwoods Hills
  • Unit Levels: One
  • New Construction: No
  • Property Sub Type Additional: Triplex
  • Special Features: None

Interior Features

  • Flooring: Tile
  • Appliances: Refrigerator
  • Stories: 1
  • Number Of Buildings: 1
  • Accessibility Features: None
  • Basement YN: No
  • Total Bedrooms: 3
  • Living Area: 3107.0
  • Stories: 1

Exterior Features

  • Disclosures: Lead Based Paint Disclosure, RANM 2100 Disclosure
  • Builder Name: Unknown
  • Construction Type: Frame, Stucco
  • Property Condition: Resale

Garage/Parking

  • Total Parking Spaces: 4.0

Utilities

  • Cooling: Evaporative Cooling
  • Electric: None
  • Heating: Central, Forced Air
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Cooling Y N: Yes
  • Heating Yn: Yes

Green Features

  • Green Power: None

Lot Info

  • Lot Size Sq Ft: 8276.4
  • Additional Parcels: Yes
  • Parcel #: 102205943630110604
  • Zoning Description: R-T*

Rental Info

  • Tenant Pays: Other, See Remarks

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 45315.0
  • Annual Operating Expense: 14916.0

Tax Info

  • Tax Annual Amount: 2969.12

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/04/2023 12/04/23 For Sale $579,429 -- $186 / Sq Ft
Source: Southwest MLS (Greater Albuquerque Association of REALTORS®)

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Source: Southwest MLS (Greater Albuquerque Association of REALTORS®)

MLS Number: 1053809

Southwest MLS (Greater Albuquerque Association of REALTORS®)

APN: 1-022-059-436-301-1-06-04

New Mexico Bernalillo County Albuquerque 87112

12229 Menaul Blvd NE, Albuquerque, NM

This home is located at 12229 Menaul Blvd NE, Albuquerque, NM 87112 and is currently priced at $579,429, approximately $186 per square foot. This property was built in 1977. 12229 Menaul Blvd NE is a home located in Bernalillo County with nearby schools including Eldorado High School, Matheson Park Elementary School, and Hoover Middle School.

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Todd Clarke
Listing Agent
Todd Clarke
Section Image
NM Apartment Advisors, Inc.
(505) 437-4520