1277 Jelso Avenue, Grants, NM 87020
$285,000
Property Type:
Residential Income
Lot Size (sq. ft.):
7,405
Status:
Pending
Current Price:
$285,000
List Date:
3/05/2024
Last Modified:
4/29/2024
Description
Great investment opportunity for investors. This property is also available for FHA financing as long a buyer lives in one of the units. All four units are renovated and ready for market rent. The fourplex is 100% occupied so the rents can offset the mortgage payment. The fourplex is also located near Well's Park, Junkyard on 66 Brewery, Cibola General Hospital and all of the Schools in Grants. The property is also near the correctional facilities & the waste management facility which is attractive to the Grants residents for employment opportunities. .
More Information MLS# 1058224
Status Change Info
Pending Date: 2024-03-17
Contract Information
Listing Price: 285000
Current Price: $285,000
Status: Pending
Bank Owned: No
Location
Street #: 1277
Street Name: Jelso
St Suffix: Avenue
County: Cibola
City/Town Code: Grants
State/Province: NM
Zip Code: 87020
Geo Lat: 35.156378
Geo Lon: -107.818719
Area: 390 - Cibola
Zone Atlas: NOZA
City/County Data
UPC Code: R16797
General Property Description
# of Units: 4
5+ Units: No
Property Sub-Type: Four Plex
Lot Size Source: On-Line
Acres: 0.17
Lot SqFt: 7405
Directions: Take Route 66 East to McBride & Redondo. Drive North on Redondo to Jelso. The fourplex is on the corner of Redondo & Jelso.
Stories: 2
Total # of Buildings: 1
Year Built: 2012
Year Built Exception: Unknown
Age: Select One
Disability Access: Unknown
LBP Disclosure: No
Builder: Unknown
Owner Occupant Unit: No
Flood Zone: X
Tax & Legal Info
GRT Code: 33-227
Current Taxes: 1171.98
Tax Exemption: Unknown
Basement
Basement: No
Sales Info
Trade/Xch Considered: No
# of Unit Types (1)
# of Units: 1
# of Bedrooms: 2
# Baths: 1
Approx. SqFt: 800
Actual Rent: 750
Max Rent: 800
Market Rent: 800
# of Unit Types (2)
# of Units: 1
# of Bedrooms: 2
# Baths: 1
Approx. SqFt: 800
Actual Rent: 700
Max Rent: 800
Market Rent: 800
# of Unit Types (3)
# of Units: 1
# of Bedrooms: 2
# Baths: 1
Approx. SqFt: 800
Actual Rent: 700
Max Rent: 800
Market Rent: 800
# of Unit Types (4)
# of Units: 1
# of Bedrooms: 2
# Baths: 1
Approx. SqFt: 800
Actual Rent: 750
Max Rent: 800
Market Rent: 800
Unit Summary
Total Units: 4
Average Unit Size: 800
Average Actual Rent: 725
Annualized: 34800
Total Actual Rent: 2900
Property Features
Construction: Frame
Exterior Material: Stucco
Build Description: Resale
Amenities: Tenant Storage
Appliances included: Frestnd Gas Stv/Ovn; Refrigerator
Utilities: Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected
Heating: Central Forced Air
Cooling: Refrigerated
Flooring: Wood
Green Energy Generation: None
Electric Provider: Public Utility
Owner Pays: Trash Removal
Tenant Pays: Electric; Gas; Water
Rental Info: Other - See Remarks
Finance Considered: Cash; Conventional; FHA
Zoning: R-1
Documents
Tax Levy Disclosure ›Listing Office: Realty One of New Mexico, LLC
Last Updated: April - 29 - 2024
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