134 Rhode Island Street SE, Albuquerque, NM 87108
$493,710
Property Type:
Residential Income
Square Footage:
3,126
Lot Size (sq. ft.):
6,970
Status:
Active
Current Price:
$493,710
List Date:
2/09/2024
Last Modified:
2/15/2024
Description
Seller is willing to offer financing for an owner occupant (who must move into the property) with a 5% down payment 30 year amortization, 5.75% interest rate, 7 year balloon, subject to approval of the buyers credit report, financial statement and tax returns.
This fourplex contains two bedroom one bathroom units that are renting at $1,247. Each renovated unit has washers/dryers and the belong to the owner and convey with the property.
At the current average rents of $1,247, and an ask price of $493,710 the measures of investment performance include a price per unit of $123,427, price per square foot of $157.49, a GRM of 8.25, an after reserves cap rate of 6.65%.
More Information MLS# 1056948
Contract Information
Listing Price: 493710
Current Price: $493,710
List Price/SqFt: 157.94
Status: Active
Allowance/Concession: No
Bank Owned: No
Location
Street #: 134
Street Name: Rhode Island
St Suffix: Street
Post Direction: SE
County: Bernalillo
City/Town Code: Albuquerque
State/Province: NM
Zip Code: 87108
Zip +4: 3262
Geo Lat: 35.073349
Geo Lon: -106.557803
Area: 71 - Southeast Heights
Zone Atlas: K19
City/County Data
UPC Code: 101905731802440207
Subdivision: Unity Addition
General Property Description
# of Units: 4
5+ Units: No
Units for Sale: 4
Property Sub-Type: Four Plex
Apx Structured SqFt: 3126
Lot Size Source: On-Line
Acres: 0.16
Lot SqFt: 6969.6
Directions: From I-40 and Louisiana, south to Central Blvd/Route 66, east to Rhode Island, south to property.
Stories: 2
Total Stories in Bldg: 2
Total # of Buildings: 1
Year Built: 1980
Age: Select One
Disability Access: Unknown
LBP Disclosure: No
Builder: Unknown
Owner Occupant Unit: No
Multiple Lots: One
Flood Zone: X
Tax & Legal Info
GRT Code: 02-100
Current Taxes: 2836.64
Tax Exemption: No
Basement
Basement: No
Income & Expenses
Annual Gross Income: 59275
Operating Expenses: 26429
Sales Info
Trade/Xch Considered: No
# of Unit Types (1)
# of Units: 4
# of Bedrooms: 2
# Baths: 1
Approx. SqFt: 782
Actual Rent: 1247
Max Rent: 1263
Market Rent: 1500
Unit Summary
Total Units: 4
Average Unit Size: 782
Average Actual Rent: 1247
Annualized: 59856
Total Actual Rent: 4988
Property Features
Construction: Frame
Exterior Material: Stucco
Build Description: Resale
Amenities: No Landscaping
Appliances included: Refrigerator
Utilities: Cable Connected; Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected
Heating: Central Forced Air
Cooling: Evaporative Cooling
Flooring: Carpet; Tile; Vinyl
Green Energy Generation: None
Electric Provider: Public Utility
Miscellaneous Info: No Sign
Metering: Individual Electric; Individual Gas
Operating Expenses: Other - See Remarks
Owner Pays: Other - See Remarks
Tenant Pays: Other - See Remarks
Parking: Paved Lot
Roof: Flat
Rental Info: Other - See Remarks
Finance Considered: Cash; FHA; Owner Financing; VA
Source: Actual Record; Broker Provided; Owner Provided
Zoning: MX-L*
Flyer & APOD ›Listing Office: NM Apartment Advisors, Inc.
Last Updated: February - 15 - 2024
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.