8 months on rocket

121 General Arnold St NE, Albuquerque, NM, 87123

$515,000

Home List Price

$6,116*

Closing Credit

2 Bedrooms
1 Bath
4,136 SqFt
$125/SqFt
Multi
Schools Nearby

Location

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121 General Arnold St NE, Albuquerque$515,000

Buyer Closing Credits

$6,116*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Year Built1980
HeatingCentral, Forced Air
CoolingEvaporative Cooling
MLS #1040970
Lot Size0.17 Acres
StatusActive

About 121 General Arnold St NE

Back on the market and an amazingly rare find a valued add sixplex in Albuquerque's northeast heights.This property contains 4 x 2 bedroom, 1 bathroom units and 2 x studio units. The owner has done an amazing job in renovations and the property shows well (check out the virtual tour below).Priced below market comparables at $573,521 and at the start price of $515,000 with an average rent of $783, measures of investment performance include a GRM of 8.11, a before reserves cap rate of 8.15% and an after-tax Internal Rate of Return (IRR) of 21.10%. If rents are raised to the market average of $858, measure of investment performance improve to a cap rate of 9.10% and a cash on cash of 14.09%.

Property Details

Property Features

Property Information:

  • Year Built: 1980
  • Stories: 2
  • Living Area: 4,136 SqFt

Listing Office:

  • Office Name: NM Apartment Advisors, Inc.
  • Office Phone: (505) 440-8633
  • Listing Agent: Todd D Clarke

Interior Features

Interior Information:

  • Appliances: Refrigerator
  • Basement: No
  • Flooring Type: Carpet, Tile

Bedroom and Bathroom Information:

  • Total Bedroom Count: 2

Lot Features

Lot Information:

  • Lot Size: 0.17 Acres

Utilities

Utilities Information:

  • Heating: Central, Forced Air
  • Cooling: Evaporative Cooling

School Info

Assigned Schools Information:

  • Highland High School, Public District Grades 9-12
  • Nex Gen Academy, Public District Grades 9-12
  • Hayes Middle School, Public District Grades 6-8
  • Hawthorne Elementary School, Public District Grades PK-5
  • Coronado Elementary School, Public District Grades KG-5

Other

Directions Information:

  • Directions: From I-40 and Eubank, south to Central, East to General Arnold, north to property

Price Information

Listing Price Info

Price Summary:

  • List Price: $515,000
  • Price Per SqFt: $125/SqFt

Tax Information:

  • Annual Amount: $2,616
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Albuquerque, NM.

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Albuquerque, NM

City

Med. Sold Price

$335.6K

Med. Price/SqFt

$201

Avg. Days On Market

26

# of Sold Homes

556

121 General Arnold St NE vs Albuquerque

240 DAYS ON ROCKET

+214 Days

$515,000

+$179.3K More

$125/SqFt

-$76 Less

KEY TAKEAWAY

This property is $179.3K more than the Median Sold Price and $76/SqFt less than other homes in Albuquerque, NM.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: SWMLS
  • MLS Number: #1040970

Listing Office:

  • Office Name: NM Apartment Advisors, Inc.
  • Office Phone: (505) 440-8633
  • Listing Agent: Todd D Clarke

IDXThe data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Southwest Multiple Listing Service. 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. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed.

Copyright © 2024 Southwest Multiple Listing Service. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/4/2024, 2:20:31 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$2,616$60,994
2019$2,598$60,994
2018$2,594$60,994
2017$2,594$60,994

History based on county public records data.

Payment Calculator

$2,638

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,610

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-5708145
4
/10

  • Hawthorne Elementary School

  • 420 General Somervell St NE

  • 0.49 miles

  • Public District Grades PK-5

school-card-donut-5708146
6
/10

  • Coronado Elementary School

  • 601 4th St SW

  • 5.97 miles

  • Public District Grades KG-5

Middle School

school-card-donut-5708147
2
/10

  • Hayes Middle School

  • 1100 Texas St NE

  • 1.12 miles

  • Public District Grades 6-8

High School

school-card-donut-5708148
3
/10

  • Highland High School

  • 4700 Coal Ave SE

  • 2.46 miles

  • Public District Grades 9-12

school-card-donut-5708149
8
/10

  • Nex Gen Academy

  • 5323 Montgomery Blvd NE

  • 4.47 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $24,500. Most Albuquerque, NM residents have annual incomes less than $35k. The majority of families are single, no kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›New Mexico›Bernalillo County›Albuquerque›87123›121 General Arnold St NE

This home is located at 121 General Arnold St NE in Albuquerque, NM and zip code 87123 in the South Los Altos neighborhood. This 4,136 square foot home, which was built in 1980, sits on a 0.17 acre lot. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since September 06, 2023 and is currently priced at $515,000.

Over 170 listings were sold over their listed price in April 2024 in Albuquerque, NM. In the same period over 230 listings were sold below the listed price and 156 listings were sold for the listed price. The number of homes for sale in Albuquerque, NM decreased by 4.2% between March 2024 and April 2024. In April 2024, listings were on the market for 26 days. During the same period, the median list price in this real estate market was $335,623.

From Rocket Homes Real Estate and based on county public records data.

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