124 PRINCETON Drive SE, Albuquerque, NM 87106
$550,000
Property Type:
Residential Income
Square Footage:
2,691
Lot Size (sq. ft.):
7,100
Status:
Closed
Current Price:
$550,000
List Date:
5/24/2021
Last Modified:
6/24/2021
Description
Fully functional Airbnb with one long-term tenant! Beautifully appointed with creativity and thoughtful touches everywhere! All units have their own mini-split for heat and AC. All new windows (with the exception of 2). Updates galore (slightly different according to unti): remodeled bathrooms, upgraded electrical, roof, appliances, interior and exterior paint, washers, dryers and no carpet!! Off-street parking for each unit - even a small garage for main house. Beautiful courtyards and with irrigation and exterior lighting! Live in one unit and rent the rest, keep as a VERY profitable Airbnb, or rent all four to long-term tenants - you decide! **Fully occupied, do not disturb guests!** (Actual rents based on 3 units as AirBnb & 1 long-term. Market rents based on long term rent for all 4
More Information MLS# 991475
Status Change Info
Pending Date: 2021-05-24
Closing Date: 2021-06-24
Contract Information
Listing Price: 550000
Current Price: $550,000
List Price/SqFt: 204.38
Status: Closed
Bank Owned: No
Location
Street #: 124
Street Name: PRINCETON
St Suffix: Drive
Post Direction: SE
County: Bernalillo
City/Town Code: Albuquerque
State/Province: NM
Zip Code: 87106
Zip +4: 2813
Geo Lat: 35.079224
Geo Lon: -106.615429
Area: 42 - UNM South
Zone Atlas: K16
City/County Data
UPC Code: 101605719423833101
General Property Description
# of Units: 4
5+ Units: No
Property Sub-Type: Four Plex
Apx Structured SqFt: 2691
SqFt Source: Broker
Lot Size Source: On-Line
Acres: 0.16
Lot SqFt: 7100
Directions: From I-40 & Carlisle: South on Carlisle to Central Ave. Right on Central to Girard Blvd. Left on Girard to Silver Ave. Right on Silver to Princeton Dr. Right on Princeton to property on right.
Stories: 1
Total # of Buildings: 2
Year Built: 1945
Age: 61 - 70
Disability Access: Unknown
LBP Disclosure: Yes
Builder: Unknown
Owner Occupant Unit: No
Flood Zone: X
Tax & Legal Info
GRT Code: 02-100
Current Taxes: 3860.08
Tax Exemption: No
Basement
Basement: Yes
Basement Heated: No
Basement SqFt Incl: No
Basement Finished: No
Basement Entry/Exit: Walk Up
Income & Expenses
Operating Expenses: 22109
Vacation Rental Income: 70464
Sales Info
Trade/Xch Considered: No
# of Unit Types (1)
# of Units: 1
# of Bedrooms: 2
# Baths: 1
Approx. SqFt: 1060
Actual Rent: 1957
Max Rent: 1500
Market Rent: 1500
# of Unit Types (2)
# of Units: 1
# of Bedrooms: 1
# Baths: 1
Approx. SqFt: 510
Actual Rent: 1957
Max Rent: 800
Market Rent: 800
# of Unit Types (3)
# of Units: 1
# of Bedrooms: 1
# Baths: 1
Approx. SqFt: 497
Actual Rent: 595
Max Rent: 800
Market Rent: 800
# of Unit Types (4)
# of Units: 1
# of Bedrooms: 1
# Baths: 1
Approx. SqFt: 494
Actual Rent: 1957
Max Rent: 800
Market Rent: 800
Unit Summary
Total Units: 4
Average Unit Size: 640.25
Average Actual Rent: 1616.5
Annualized: 77592
Total Actual Rent: 6466
Property Features
Construction: Frame
Exterior Material: Stucco
Build Description: Resale
Amenities: Atrium/Sunroom; Ceiling Fan(s); Enclosed Yard; Private Patios; Some Landscaping
Appliances included: Blt-In Gas Stve/Oven; Dryer; Dryer H/U; Frestnd Elec Stv/Ovn; Frestnd Gas Stv/Ovn; Refrigerator; Washer; Washer H/U
Utilities: Electricity Connected; Natural Gas Connected; Sewer Connected
Heating: Ductless
Cooling: Multi Units; Refrigerated; Other
Flooring: No Carpet; Tile; Wood
Electric Provider: Public Utility
Electric: None
Miscellaneous Info: No Sign; Some Furnished; Vacation Rental
Metering: Individual Electric; Individual Gas
Operating Expenses: Accounting and Legal; Advertiseing; Insurance; Miscellaneous; Property Management; Property Taxes; Repairs/Maintenance; Supplies; Utilities
Owner Pays: Sewer; Trash Removal; Water; Other - See Remarks
Tenant Pays: Electric; Gas; Other - See Remarks
Parking: 1 Garage; 1 Space Per Unit; Assigned Parking; Covered
Roof: Flat; Pitched; Rubber Membrane; Shingle
Rental Info: Call Listing Broker; Current Lse Agreemnt; Rental History Avail
Finance Considered: Cash; Conventional; FHA; VA
Source: Owner Provided
Zoning: R-ML*
Documents
Tax Levy Disclosure ›Listing Office: Dave Slade & Associates LLC
Last Updated: June - 24 - 2021
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