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Sold
    • Price Unknown

    3410 Thaxton Ave SE, Albuquerque, NM 87106

    2beds
    1baths
    21,420sqft
    Multi Family
    Built in 1963
    -- sqft lot
    $-- Zestimate®
    $--/sqft
    $1,384 Estimated rent

    Home value

    Not available

    Estimated sales range

    Not available

    $1,384/mo

    Zestimate® history
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    What's special

    New employmentAirport corridor
    8 unit portfolio of seven fourplexes, owned by the same family for over 25 years. Located at 3410, 3414, 3418 , 3422, 3430, 3430 and 3438 Thaxton SE, this community is served by all of the new employment and restaurants along the Gibson/Airport corridor.This value-add asset is ripe for an investor looking to reposition an asset. Full inspection reports are now available and the new price reflects the work that could be done by the next owner.As the ask price of $2,445,000 and with an average rent of $723, the measures of investment performance include $87,123 per unit, $114.15 per square foot, a before reserves cap rates of 6.10%, and an after tax IRR of 13.60%.If rents are moved to market of $1,050, measure of investment performance improve to a cap rate of 10.02%.

    Zillow last checked:

    Listing updated:

    Listed by:

    Todd D Clarke 505-440-8633,

    NM Apartment Advisors, Inc.

    Bought with:

    Kyle E Deacon, 15579

    Deacon Property Services

    Source: SWMLS,MLS#: 1013743MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 1
    Heating
    • Central, Forced Air
    Cooling
    • Evaporative Cooling
    Appliances
    • Laundry: Washer Hookup
    Features
    • Flooring: Carpet, Vinyl
    • Has basement: No
    Interior area
    • Total structure area: 21,420
    • Total interior livable area: 21,420 sqft

    Property

    Features
    • Levels: One
    • Stories: 1
    • Exterior features: Landscaping
    Lot
    • Size: 6,098 Square Feet
    Details
    • Has additional parcels: Yes
    • Parcel number: 101605642115841016
    • Zoning description: R-MH*

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Brick Veneer, Frame
    Condition
    • Resale
    • New construction: No
    • Year built: 1963

    Utilities & green energy

    • Electric: None
    • Utilities for property: Electricity Connected, Sewer Connected, Water Connected

    Community & HOA

    Community
    • Subdivision: Knob Heights
    Location
    • Region: Albuquerque

    Financial & listing details

    • Tax assessed value: $277,688
    • Annual tax amount: $1,885
    • Date on market: 5/2/2022
    • Cumulative days on market: 278 days
    • Listing terms: Cash,Conventional
    • Tenant pays: Other, See Remarks

    Price history

    DateEventPrice
    9/29/2023Sold--
    Source: SWMLS #1013743 Report a problem
    7/3/2023Pending sale$2,445,000$114/sqft
    Source: SWMLS #1013743 Report a problem
    6/30/2023Contingent$2,445,000$114/sqft
    Source: SWMLS #1013743 Report a problem
    3/31/2023Price change$2,445,000-2%$114/sqft
    Source: SWMLS #1013743 Report a problem
    12/2/2022Pending sale$2,495,000$116/sqft
    Source: SWMLS #1013743 Report a problem
    11/3/2022Price change$2,495,000-10.4%$116/sqft
    Source: SWMLS #1013743 Report a problem
    9/27/2022Listed for sale$2,784,448$130/sqft
    Source: SWMLS #1013743 Report a problem
    9/1/2022Pending sale$2,784,448$130/sqft
    Source: SWMLS #1013743 Report a problem
    5/2/2022Listed for sale$2,784,448$130/sqft
    Source: SWMLS #1013743 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$3,911 +3.2%$92,554 +3%
    2024$3,791 -1.3%$89,858
    2023$3,840 +96.8%$89,858 +95.9%
    2022$1,951 +3.5%$45,877 +3%
    2021$1,886 +1.7%$44,542 +3%
    2020$1,855 $43,244 +3%
    2019-- $41,985
    2018$1,591 -8.4%$41,985 +3%
    2017$1,736 +6.2%$40,762 +6.1%
    2016$1,635 -95.6%$38,423 +3%
    2015$37,304 +2325.6%$37,304 +3%
    2014$1,538 $36,218 +3%
    2013$1,538 $35,163
    2012-- $35,163
    2011-- $35,163
    2010-- $35,163 +11.6%
    2009-- $31,510 +3%
    2008-- $30,592 +3%
    2007-- $29,702 +3%
    2006-- $28,837 -8%
    2005-- $31,336 +3%
    2004-- $30,423 -8.1%
    2003-- $33,110
    2002-- $33,110 -25.9%
    2001-- $44,662 +29.2%
    2000-- $34,564
    Find assessor info on the county website

    Neighborhood: 87106

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