1604 Walter Street SE, Albuquerque, NM 87102
$310,000
Property Type:
Residential Income
Square Footage:
2,200
Lot Size (sq. ft.):
7,100
Status:
Closed
Current Price:
$310,000
List Date:
11/12/2021
Last Modified:
3/20/2024
Description
This money making 2200 sq ft Duplex is a rare gem in the up and coming, but still affordable South Broadway area. Live in one side and let the other side pay your Mortgage. At $141 a square foot, it is priced under the average $174 for the area. Each side has 4 bedrooms and 1.5 baths, a large living area and kitchen with washer and dryer hook ups. The roof was replaced March 2021. Gas and electric are separate meters, water is not. Rents are not at market and are month to month. At market, the ROI/COCR is 9.25% and GRM is 10.5. Seller is moving out of state and liquidating. Tenants in place. Do not disturb. All Showings must have at least a 24 hour notice.
More Information MLS# 1004545
Status Change Info
Pending Date: 2021-11-28
Closing Date: 2022-02-14
Contract Information
Listing Price: 310000
Current Price: $310,000
List Price/SqFt: 140.91
Status: Closed
Bank Owned: No
Location
Street #: 1604
Street Name: Walter
St Suffix: Street
Post Direction: SE
County: Bernalillo
City/Town Code: Albuquerque
State/Province: NM
Zip Code: 87102
Geo Lat: 35.06731
Geo Lon: -106.64148
Area: 90 - Near South Valley
Zone Atlas: L14
City/County Data
UPC Code: 101405646622211404
General Property Description
# of Units: 2
5+ Units: No
Property Sub-Type: Duplex
Apx Structured SqFt: 2200
SqFt Source: Per Appraisal
Lot Size Source: Per Appraisal
Acres: 0.16
Lot SqFt: 7100
Directions: I25 To Cesar Chavez, West To Walter, South On Walter To Address
Stories: 1
Total # of Buildings: 2
Year Built: 1979
Age: 41 - 50
Disability Access: Unknown
LBP Disclosure: No
Builder: Unknown
Owner Occupant Unit: No
Flood Zone: X
Tax & Legal Info
GRT Code: 02-100
Current Taxes: 2248.86
Tax Exemption: No
Basement
Basement: No
Sales Info
Trade/Xch Considered: No
# of Unit Types (1)
# of Units: 1
# of Bedrooms: 4
# Baths: 1.5
Approx. SqFt: 1101
Actual Rent: 850
Max Rent: 2500
Market Rent: 2100
# of Unit Types (2)
# of Units: 1
# of Bedrooms: 4
# Baths: 1.5
Approx. SqFt: 1101
Actual Rent: 1250
Max Rent: 2500
Market Rent: 2100
Unit Summary
Total Units: 2
Average Unit Size: 1101
Average Actual Rent: 1050
Annualized: 25200
Total Actual Rent: 2100
Property Features
Construction: Frame
Exterior Material: Stucco
Build Description: Resale
Amenities: Ceiling Fan(s)
Appliances included: Frestnd Gas Stv/Ovn; Refrigerator
Utilities: Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected
Heating: Central Forced Air
Cooling: Evaporative Cooling
Flooring: Laminate; Tile
Electric Provider: Private
Electric: None
Miscellaneous Info: Sign On Property
Owner Pays: Some Utilities
Tenant Pays: Some Utilities
Parking: 1.5 Spaces Per Unit
Roof: Flat
Rental Info: Month To Month
Finance Considered: Cash; Conventional
Zoning: R-1A*
Sellers Disclosure ›Listing Office: Casa Montoya Realty
Last Updated: March - 20 - 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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