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
Lead Based Paint ›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.
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