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1038 Texas Street NE, Albuquerque, NM 87110
$149,000
Property Type:
Residential Income
Square Footage:
3,400
Lot Size (sq. ft.):
7,500
Status:
Closed
Current Price:
$149,000
List Date:
9/08/2014
Last Modified:
2/23/2017
Description
Fabulous fourplex in Uptown location. Same owner for decades. Priced to move with below market rents - 8.9% CAP rate, 16.6% cash on cash, potential 18.6% IRR after tax.
Property tour rescheduled August 14th at 1pm - email LA for RSVP/Registration info and to gain access to leases, financials, etc.
Offer deadline 5pm on August 21st, 2014.
More Information MLS# 815687
Status Change Info
Pending Date: 2014-09-08
Closing Date: 2014-10-09
Contract Information
Listing Price: 149000
Current Price: $149,000
List Price/SqFt: 43.82
Status: Closed
Bank Owned: No
Location
Street #: 1038
Street Name: Texas
St Suffix: Street
Post Direction: NE
County: Bernalillo
City/Town Code: Albuquerque
State/Province: NM
Zip Code: 87110
Zip +4: 7904
Geo Lat: 35.088827
Geo Lon: -106.555289
Area: 70 - Fairgrounds
Zone Atlas: J19
City/County Data
UPC Code: 101905840105540414
Subdivision: East End Add
General Property Description
# of Units: 4
5+ Units: No
Units for Sale: 4
Property Sub-Type: Four Plex
Apx Structured SqFt: 3400
SqFt Source: Broker
Lot Size Source: On-Line
Acres: 0.17
Lot SqFt: 7500
Directions: From Interstate 40 and Wyoming - south to Lomas, west to Texas, north to property
Stories: 2
Total Stories in Bldg: 2
Total # of Buildings: 1
Year Built: 1970
Age: 31 - 40
# Parking Spaces: 6
Disability Access: No
LBP Disclosure: Yes
Builder: UNK
Owner Occupant Unit: No
Multiple Lots: One
Tax & Legal Info
GRT Code: 02-100
Current Taxes: 1486.1
Tax Exemption: No
Basement
Basement: No
Sales Info
Trade/Xch Considered: No
# of Unit Types (1)
# of Units: 4
# of Bedrooms: 2
# Baths: 1
Approx. SqFt: 850
Actual Rent: 488
Max Rent: 512
Market Rent: 665
Unit Summary
Total Units: 4
Average Unit Size: 850
Average Actual Rent: 488
Annualized: 23424
Total Actual Rent: 1952
Property Features
Construction: Frame
Exterior Material: Stucco
Amenities: Laundry Community
Appliances included: Refrigerator
Utilities: All City
Heating: Central Forced Air
Cooling: Evaporative Cooling
Flooring: Carpet
Owner Pays: Trash Removal; Water
Tenant Pays: Electric; Gas
Rental Info: Call Listing Broker
Finance Considered: Conventional; FHA; VA
Zoning: R-2
Listing Office: NM Apartment Advisors, Inc.
Last Updated: February - 23 - 2017
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
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-commercial use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.