201 Lincoln Avenue, Grants, NM 87020
$550,000
Property Type:
Residential Income
Square Footage:
5,807
Lot Size (sq. ft.):
21,214
Status:
Closed
Current Price:
$550,000
List Date:
9/12/2023
Last Modified:
4/17/2024
Description
Welcome to a great investment opportunity! This 10 unit complex is great for new and seasoned investors. All 10 unit layouts are identical.
While the property is in fair condition, it offers tremendous potential for value-add improvements. Renovations could enhance both the interior and exterior, increasing tenant satisfaction as well as occupancy. This is a profitable gem longing for your personal touch!
More Information MLS# 1041361
Status Change Info
Pending Date: 2024-02-20
Closing Date: 2024-04-12
Contract Information
Listing Price: 550000
Current Price: $550,000
List Price/SqFt: 94.71
Status: Closed
Allowance/Concession: Yes
Bank Owned: No
Location
Street #: 201
Street Name: Lincoln
St Suffix: Avenue
County: Cibola
City/Town Code: Grants
State/Province: NM
Zip Code: 87020
Zip +4: 2862
Geo Lat: 35.158581
Geo Lon: -107.841376
Area: 390 - Cibola
Zone Atlas: NOZA
City/County Data
UPC Code: 2055062151437
General Property Description
# of Units: 10
5+ Units: Yes
Units for Sale: 10
Property Sub-Type: 9 or More Units
Apx Structured SqFt: 5807
SqFt Source: Broker
Lot Size Source: On-Line
Acres: 0.49
Lot SqFt: 21213.72
Directions: on U.S. RT 66 take a right onto 1st St Till Lincoln AVE, Property will be the second set of bulidings on the right hand side.
Stories: 1
Total Stories in Bldg: 1
Total # of Buildings: 1
Year Built Exception: Unknown
Age: 51 - 60
# Parking Spaces: 10
Disability Access: Unknown
LBP Disclosure: Yes
Builder: Unknown
Owner Occupant Unit: No
Multiple Lots: One
Flood Zone: X
Tax & Legal Info
GRT Code: 33-227
Current Taxes: 2513.44
Tax Exemption: No
Basement
Basement: No
Sales Info
Trade/Xch Considered: Yes
# of Unit Types (1)
# of Units: 1
# of Bedrooms: 2
# Baths: 1
Approx. SqFt: 580
Actual Rent: 550
Max Rent: 750
Market Rent: 795
# of Unit Types (2)
# of Units: 1
# of Bedrooms: 2
# Baths: 1
Approx. SqFt: 580
Actual Rent: 550
Max Rent: 800
Market Rent: 795
# of Unit Types (3)
# of Units: 1
# of Bedrooms: 2
# Baths: 1
Approx. SqFt: 580
Actual Rent: 550
Max Rent: 800
Market Rent: 795
# of Unit Types (4)
# of Units: 1
# of Bedrooms: 2
# Baths: 1
Approx. SqFt: 580
Actual Rent: 550
Max Rent: 800
Market Rent: 795
# of Unit Types (5)
# of Units: 1
# of Bedrooms: 2
# Baths: 1
Approx. SqFt: 580
Actual Rent: 550
Max Rent: 750
Market Rent: 795
# of Unit Types (6)
# of Units: 1
# of Bedrooms: 2
# Baths: 1
Approx. SqFt: 580
Actual Rent: 550
Max Rent: 750
Market Rent: 795
# of Unit Types (7)
# of Units: 1
# of Bedrooms: 2
# Baths: 2
Approx. SqFt: 580
Actual Rent: 550
Max Rent: 750
Market Rent: 795
# of Unit Types (8)
# of Units: 1
# of Bedrooms: 2
# Baths: 1
Approx. SqFt: 580
Actual Rent: 550
Max Rent: 750
Market Rent: 795
# of Unit Types (9)
# of Units: 1
# of Bedrooms: 2
# Baths: 1
Approx. SqFt: 580
Actual Rent: 550
Max Rent: 750
Market Rent: 795
# of Unit Types (10)
# of Units: 1
# of Bedrooms: 2
# Baths: 1
Approx. SqFt: 580
Actual Rent: 550
Max Rent: 750
Market Rent: 795
Unit Summary
Total Units: 10
Average Unit Size: 580
Average Actual Rent: 550
Annualized: 66000
Total Actual Rent: 5500
Property Features
Construction: Block; Brick; Frame
Exterior Material: Brick Veneer
Build Description: Resale
Amenities: Ceiling Fan(s); Enclosed Yard; No Landscaping; Some Landscaping
Appliances included: Disposal; Frestnd Elec Stv/Ovn; Range Hood; Refrigerator
Utilities: Cable Available; Electricity Connected; Natural Gas Connected; Phone Available; Sewer Connected; Water Connected
Heating: Wall Unit
Cooling: Varies by Unit; Window Units(s)
Flooring: Laminate; Tile; Vinyl
Green Energy Generation: None
Electric Provider: Public Utility
Metering: Individual Electric; Individual Gas
Operating Expenses: Call Listing Broker; Property Taxes; Repairs/Maintenance
Owner Pays: Sewer; Water
Tenant Pays: Electric; Gas
Parking: 1 Space Per Unit
Roof: Metal; Pitched
Rental Info: Call Listing Broker; Month To Month
Trade/Xch Terms: Trade for Other RE
Finance Considered: Cash; Conventional; Owner Financing
Source: Owner Provided
Zoning: M-R
Listing Office: Re/Max Exclusive
Last Updated: April - 17 - 2024
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