110-114 Indiana Street SE, Albuquerque, NM 87108
$525,000
Property Type:
Residential Income
Square Footage:
2,400
Lot Size (sq. ft.):
21,344
Status:
Active
Current Price:
$525,000
List Date:
1/23/2024
Last Modified:
2/26/2024
Description
Income generating property!! 8.229% CAP RATE. Owner Financing available. Duplex + Mobile Home + multiple mobile home pads all in one, with a Duplex has many updates. Duplex 1 - bedroom, 1.5 bath, walk in closet, 2 fireplaces. Duplex 2 -3 bedroom, 2 bath. Owned mobile home on pad & 4 other pad lease opportunities available. Call for more details.
More Information MLS# 1055901
Contract Information
Listing Price: 525000
Current Price: $525,000
List Price/SqFt: 218.75
Status: Active
Allowance/Concession: Yes
Bank Owned: No
Location
Street #: 110-114
Street Name: Indiana
St Suffix: Street
Post Direction: SE
County: Bernalillo
City/Town Code: Albuquerque
State/Province: NM
Zip Code: 87108
Geo Lat: 35.07532
Geo Lon: -106.570548
Area: 71 - Southeast Heights
Zone Atlas: L18
City/County Data
UPC Code: 101805747109641601
General Property Description
# of Units: 7
5+ Units: Yes
Units for Sale: 7
Property Sub-Type: Other - See Remarks
Apx Structured SqFt: 2400
SqFt Source: Broker
Apx Lot Dim Front: Large lot
Lot Size Source: On-Line
Acres: 0.49
Lot SqFt: 21344
Directions: From Louisiana And Central One Block West To Indiana. Property is located On Corner of Cochiti And Indiana
Stories: 1
Total # of Buildings: 1
Year Built: 1950
Year Built Details: The property was remodeled in 2013.
Year Built Source: Appraiser
Year Built Exception: Unknown
Age: 16 - 20
# Parking Spaces: 7
Disability Access: Unknown
LBP Disclosure: No
Builder: unknown
Owner Occupant Unit: Yes
Multiple Lots: Three
Flood Zone: X
Tax & Legal Info
GRT Code: 02-100
Current Taxes: 2578
Tax Exemption: Unknown
Basement
Basement: No
Income & Expenses
Annual Gross Income: 50460
Operating Expenses: 6500
Sales Info
Trade/Xch Considered: No
# of Unit Types (1)
# of Units: 1
# of Bedrooms: 1
# Baths: 1.5
Approx. SqFt: 1300
Max Rent: 1100
Market Rent: 1000
# of Unit Types (2)
# of Units: 1
# of Bedrooms: 3
# Baths: 2
Style: Duplex
Approx. SqFt: 1100
Actual Rent: 995
Max Rent: 1500
Market Rent: 1200
# of Unit Types (3)
# of Units: 1
# of Bedrooms: 2
# Baths: 1
Style: Mobile Home
Approx. SqFt: 896
Actual Rent: 850
Max Rent: 1000
Market Rent: 900
# of Unit Types (4)
# of Units: 1
Style: MH pad
Actual Rent: 430
Max Rent: 500
Market Rent: 450
# of Unit Types (5)
# of Units: 1
Style: MH pad lease
Actual Rent: 350
Max Rent: 500
Market Rent: 450
# of Unit Types (6)
# of Units: 1
Style: MH pad lease
Actual Rent: 350
Max Rent: 500
Market Rent: 450
# of Unit Types (7)
# of Units: 1
Style: MH pad lease
Max Rent: 500
Market Rent: 450
Unit Summary
Total Units: 7
Average Unit Size: 470.85
Average Actual Rent: 425
Annualized: 35700
Total Actual Rent: 2975
Property Features
Construction: Block; Frame
Exterior Material: Stucco
Build Description: Resale
Amenities: Ceiling Fan(s); Fireplace Some Units; Outside Lights; Some Landscaping; Tenant Storage; Wshr/Dryr HU in Unit
Appliances included: Frestnd Elec Stv/Ovn; Refrigerator
Utilities: Cable Available; Cable Connected; Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected
Heating: Central Forced Air
Cooling: Central Air; Evaporative Cooling; Refrigerated
Flooring: Tile
Green Energy Generation: None
Electric Provider: Public Utility
Electric: Net Meter
Miscellaneous Info: No Sign
Metering: Individual Electric
Operating Expenses: Miscellaneous; Property Taxes; Repairs/Maintenance
Owner Pays: Sewer; Trash Removal; Water
Tenant Pays: Electric; Gas
Parking: Guest Parking
Roof: Flat; TPO (G)
Rental Info: Month To Month; Rental History Avail
Finance Considered: Cash; Conventional; Owner Financing
Zoning: MX-H*
Listing Office: Keller Williams Realty
Last Updated: February - 26 - 2024
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