OFF MARKET
815 W Picard Ave
Belen, NM 87002
2 Beds
1 Bath
- 2 Beds
- 1 Bath
2 Beds
1 Bath
(on 0.34 acres)
Homes for Sale Near 815 W Picard Ave
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Local Information
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Description
This property is no longer available to rent or to buy. This description is from December 21, 2021
New Mexico's 30,000 available and affordable home shortage coupled with the arrival of Netflix, Facebook, Intel, and Amazon is driving double digit growth in single-family home prices and rent increases, making these 20-units an excellent investment opportunity. Measure of investment performance at the current rent of $613 include a GRM of 9.17, before reserves cap rate of 6.85%, and after tax IRR of 11.30%. If rents are raised to market average of $875, measure of investment performance improve to proforma cap rate of 10.52%, and an amazing cash on cash of 21.74%.A value-add investor who commits to modest renovations and good management can reposition the property and potentially realize 20% upside.
Home Highlights
Parking
No Info
Outdoor
No Info
A/C
Heating & Cooling
HOA
None
Price/Sqft
No Info
Listed
180+ days ago
Home Details for 815 W Picard Ave
Interior Features |
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Beds & Baths Number of Bedrooms: 2Number of Bathrooms: 1 |
Appliances & Utilities Utilities: Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water ConnectedAppliances: RefrigeratorRefrigerator |
Heating & Cooling Heating: Other,See RemarksAir Conditioning: Other,See RemarksHeating Fuel: Other |
Gas & Electric Electric: None |
Windows, Doors, Floors & Walls Flooring: Carpet, Tile |
Levels, Entrance, & Accessibility Stories: 1Number of Stories: 1Levels: OneFloors: Carpet, Tile |
Property Information |
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Year Built Year Built: 1992 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Multi Family |
Building Construction Materials: FrameNot a New ConstructionHas Additional Parcels |
Property Information Condition: ResaleParcel Number: 1 007 028 110 440 000000 |
Price & Status |
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Price List Price: $1,349,000 |
Status Change & Dates Off Market Date: Tue Dec 21 2021 |
Active Status |
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MLS Status: Closed |
Location |
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Direction & Address City: BelenCommunity: CTS |
Lot Information |
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Lot Area: 0.34 acres |
Offer |
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Listing Terms: Cash, Conventional |
Compensation |
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Buyer Agency Commission: 2.0%Buyer Agency Commission Type: % |
Notes The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed |
Business |
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Expense Tenant Pays: Other, See Remarks |
Miscellaneous |
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Mls Number: 996019Living Area Range Units: Square Feet |
Last check for updates: about 20 hours ago
Listed by Todd D Clarke, (505) 440-8633
NM Apartment Advisors, Inc.
Michael J Skolnick, (505) 239-8833
Excalibur Realty & Investment
Bought with: Nonmls Nonmls, (505) 843-8833, SWMLS
Source: SWMLS, MLS#996019
Price History for 815 W Picard Ave
| Date | Price | Event | Source |
|---|---|---|---|
| 12/21/2021 | -- | Sold | SWMLS #996019 |
| 09/15/2021 | $1,349,000 | Pending | SWMLS #996019 |
| 07/08/2021 | $1,349,000 | Listed For Sale | SWMLS #996019 |
Property Taxes and Assessment
| Year | 2023 |
|---|---|
| Tax | $10,895 |
| Assessment | $848,908 |
Home facts updated by county records
Comparable Sales for 815 W Picard Ave
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
1.36 | Multi-Family Home | - | 07/17/23 | 2 | 1 | 5,400 |
Assigned Schools
These are the assigned schools for 815 W Picard Ave.
- Belen High School
- 9-12
- Public
- 1028 Students
4/10GreatSchools RatingParent Rating Average
No reviews available for this school. - Belen Middle School
- 7-8
- Public
- 552 Students
4/10GreatSchools RatingParent Rating AverageBelen Middle School is a very good school. They have a great and supportive staff. I appreciate the effort they put into my education.Other Review13y ago - Central Elementary School
- 4-6
- Public
- 215 Students
5/10GreatSchools RatingParent Rating AverageMy daughter is in the 5th grade and attends Central. The staff is very rude not only to the children but the parents. My daughter has always been an above average student and well behaved, however when she needs help her teacher is very rude, so she is now afraid to ask for help.I also asked her teacher for a conference and she will not reply back to me its been over a week If you have other options i would choose another school.Parent Review11y ago - Jaramillo Elementary School
- PK-3
- Public
- 250 Students
3/10GreatSchools RatingParent Rating AverageI think this school has inproved over the last 2 yrs. the teachers are friendly and determind on having there students suceed. Keep up the good work teachers! You all are very appreciated.Parent Review6y ago 
Check out schools near 815 W Picard Ave.
Check with the applicable school district prior to making a decision based on these schools. Learn more.
What Locals Say about Belen
- Trulia User
- Resident
- 1mo ago
"Not really anything exciting happening around here at least a little park for the kids to play and the adults to relax after work or something for the kids so they don’t get bored and get into mischief "
- Noahburleson1
- Resident
- 2mo ago
"I’ve lived in this neighborhood for a year now and I have really good neighbors. It is a very good area."
- Chickwithay
- Resident
- 3y ago
"dogs are all over and most households have at least one dog. if your dog gets out neighbors are very helpful. the shelter here is great and is a no kill shelter "
- Anita D.
- Resident
- 4y ago
"there is the rail runner that goes from Belen to Santa Fe, also the Rio Metro if needed. it is somewhat easy to get around for the most part, depending where you are commuting to."
- Bina4ricky
- Resident
- 4y ago
"Every day there are people walking dogs riding bikes and golfing it’s very nice and lots of community events."
- Nickole G.
- Resident
- 4y ago
"Strong sense of community when it comes to sports. Kids start from an early age and most parents help the kids and are very supportive. "
- Jay. L.
- Resident
- 4y ago
"random dogs that got out of yards, we're let out or stays are always running around... some are aggressive but most are friendly. I would not recommend walking your dogs"
- Rhiannon Purnell
- Resident
- 5y ago
"Parades and the county fair and flee markets football and baseball and basketball games. This is a small home town. But great people are here."
- Amandalhite
- Resident
- 5y ago
"Belen is excellent for the small town feel however the schools are atrocious unless you go private which is the best possible thing"
- Ramon C.
- Resident
- 5y ago
"I’ve lived in my house for 12 years and I like the old world charm of my neighborhood. Most of the homes are from the 20’s and 30’s."
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Some of the information contained herein has been provided by Southwest Multiple Listing Service, Inc. (SWMLS) This information is from sources deemed reliable but not guaranteed by SWMLS. The information is for consumer’s personal, non-commerical use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Homes for Rent Near 815 W Picard Ave
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Off Market Homes Near 815 W Picard Ave
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815 W Picard Ave, Belen, NM 87002 is a 2 bedroom, 1 bathroom multi-family built in 1992. This property is not currently available for sale. 815 W Picard Ave was last sold on Dec 21, 2021 for $1,351,500 (0% higher than the asking price of $1,349,000).