Home / Albuquerque / Northeast Heights / Brentwoods Hills / MLS #1053809

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12229 Menaul Boulevard NE

Albuquerque, NM 87112

$579,429

3 bd • 2 ba • 3,107 sqft • 0.19 acres

1 Story

Stories

$186

Per SQFT

1977

Year Built

12/04/2023

Listing Date

1053809

Listing #

87112

Zip Code

About This Property

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%.

Interior

Bathrooms Total: 2

Appliances: Refrigerator

Flooring: Tile

Building And Construction

Property Type: Residential Income

Property Sub Type: Triplex

Building Area Total: 3,107 sqft

Year Built: 1977

Construction Materials: Frame, Stucco

Levels: One

Number Of Units Total: 3

Stories: 1

Property Condition: Resale

Exterior And Lot

Lot Size Acres: 0.19

Lot Size Square Feet: 8276.4

Parking Total: 4

Provisional

MLS #: 1053809

Gross Income: 45315

Listing Terms: Cash, Conventional, FHA, VA Loan

Number Of Buildings: 1

Occupant Type: Owner

Operating Expense: 14916

Tenant Pays: Other, See Remarks

Area And Schools

City: Albuquerque

Postal Code: 87112

MLS Area Major: Northeast Heights

Subdivision: Brentwoods Hills

County: Bernalillo

Parcel Number: 102205943630110604

Utilities

Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected

Cooling: Evaporative Cooling

Heating: Central, Forced Air

Heating (Y/N): Yes

Location

Directions: From I-40 Tramway, north on Tramway to Menaul, west to property

Listing courtesy of NM Apartment Advisors, Inc.

Some of the information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers’ personal, non-commerical use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.