138 Rhode Island Street SE, Albuquerque, NM 87108
$384,000
Property Type:
Residential Income
Square Footage:
3,126
Lot Size (sq. ft.):
6,970
Status:
Closed
Current Price:
$384,000
List Date:
1/20/2024
Last Modified:
3/22/2024
Description
Seller will consider real estate contract owner financing with 20% down, 7% interest ammortized over 30 years and 5 year term (call).
Market rents are $1200 per unit. Property has room to grow towards market rents
Cash-Flowing 4-Plex Multifamily - Prime Investment Opportunity!
Key Features:
See attached APOD
Four two bedroom 1 bathroom units with patios.
Professionally maintained units with upgraded interiors and kept up by property management company.
Individual utility meters for streamlined management.
108 sq ft exterior storage units, 1 per unit
Shared Laundry Room coin operated
2 newly vacate that can be easily shown before tenants are placed!!!!!!!
More Information MLS# 1055751
Status Change Info
Pending Date: 2024-02-14
Closing Date: 2024-03-20
Contract Information
Listing Price: 384000
Current Price: $384,000
List Price/SqFt: 122.84
Status: Closed
Bank Owned: No
Location
Street #: 138
Street Name: Rhode Island
St Suffix: Street
Post Direction: SE
County: Bernalillo
City/Town Code: Albuquerque
State/Province: NM
Zip Code: 87108
Zip +4: 3242
Geo Lat: 35.073212
Geo Lon: -106.557816
Area: 71 - Southeast Heights
Zone Atlas: K19
City/County Data
UPC Code: 101905731801940208
General Property Description
# of Units: 4
5+ Units: No
Property Sub-Type: Four Plex
Apx Structured SqFt: 3126
SqFt Source: Broker
Lot Size Source: On-Line
Acres: 0.16
Lot SqFt: 6969.6
Directions: Central & Wyoming. East on Central, South on Rhode Island to property.
Stories: 2
Total # of Buildings: 1
Year Built: 1980
Age: 41 - 50
# Parking Spaces: 4
Disability Access: Unknown
LBP Disclosure: No
Builder: Unknown
Owner Occupant Unit: No
Flood Zone: X
Tax & Legal Info
GRT Code: 02-100
Current Taxes: 2882.04
Tax Exemption: No
Basement
Basement: No
Income & Expenses
Annual Gross Income: 34500
Operating Expenses: 8042
Sales Info
Trade/Xch Considered: No
# of Unit Types (1)
# of Units: 1
# of Bedrooms: 2
# Baths: 1
Approx. SqFt: 781
Max Rent: 1200
Market Rent: 1200
# of Unit Types (2)
# of Units: 1
# of Bedrooms: 2
# Baths: 1
Approx. SqFt: 774
Max Rent: 1200
Market Rent: 1200
# of Unit Types (3)
# of Units: 1
# of Bedrooms: 2
# Baths: 1
Approx. SqFt: 781
Actual Rent: 700
Max Rent: 1200
Market Rent: 1200
# of Unit Types (4)
# of Units: 1
# of Bedrooms: 2
# Baths: 1
Approx. SqFt: 774
Actual Rent: 800
Max Rent: 1200
Market Rent: 1200
Unit Summary
Total Units: 4
Average Unit Size: 777.5
Average Actual Rent: 375
Annualized: 18000
Total Actual Rent: 1500
Property Features
Construction: Frame
Exterior Material: Stucco
Build Description: Resale
Amenities: Security Gate
Appliances included: Dryer; Frestnd Elec Stv/Ovn; Microwave; Refrigerator; Washer
Utilities: Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected
Heating: Central Forced Air
Cooling: Evaporative Cooling
Flooring: Carpet; Laminate
Green Energy Generation: None
Electric Provider: Public Utility
Miscellaneous Info: Sign On Property
Metering: Individual Electric; Individual Gas; Laundry Separate
Operating Expenses: Call Listing Broker
Owner Pays: Sewer; Some Utilities; Trash Removal; Water
Tenant Pays: Electric; Gas; Some Utilities
Parking: 1 Space Per Unit
Roof: Flat; TPO (G)
Rental Info: Month To Month
Finance Considered: Cash; Conventional; FHA; Owner Financing; VA
Zoning: MX-L*
Tax Levy Disclosure ›Listing Office: Coldwell Banker Legacy
Last Updated: March - 22 - 2024
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
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