204 Tennessee Street NE, Albuquerque, NM 87108
$299,000
Property Type:
Residential Income
Lot Size (sq. ft.):
13,504
Status:
Closed
Current Price:
$299,000
List Date:
2/09/2024
Last Modified:
4/12/2024
Description
Lucrative investment opportunity: This cash-flowing Four Plex boasts numerous upgrades, ensuring an attractive return on investment. Respect tenant privacy DO NOT DISTURB - viewings granted upon accepted agreement. Potential for increased rents. Connect with your Broker or Listing Broker for comprehensive details.
More Information MLS# 1056941
Status Change Info
Pending Date: 2024-02-27
Closing Date: 2024-04-11
Contract Information
Listing Price: 299000
Current Price: $299,000
Status: Closed
Bank Owned: No
Location
Street #: 204
Street Name: Tennessee
St Suffix: Street
Post Direction: NE
County: Bernalillo
City/Town Code: Albuquerque
State/Province: NM
Zip Code: 87108
Zip +4: 3324
Geo Lat: 35.076666
Geo Lon: -106.556664
Area: 70 - Fairgrounds
Zone Atlas: K19
City/County Data
UPC Code: 101905735614441943
General Property Description
# of Units: 4
5+ Units: No
Property Sub-Type: Four Plex
SqFt Source: Per Appraisal
Lot Size Source: On-Line
Acres: 0.31
Lot SqFt: 13503.6
Directions: From I-40 south on Wyoming to Chico, west to Tennessee. Property is on the Southeast corner.
Stories: 1
Total # of Buildings: 2
Year Built: 1977
Age: Select One
Disability Access: Unknown
LBP Disclosure: Yes
Builder: Unknow
Owner Occupant Unit: No
Flood Zone: X
Tax & Legal Info
GRT Code: 02-100
Current Taxes: 2972
Tax Exemption: No
Basement
Basement: No
Income & Expenses
Annual Gross Income: 34380
Operating Expenses: 5400
Sales Info
Trade/Xch Considered: No
# of Unit Types (1)
# of Units: 1
# of Bedrooms: 1
# Baths: 1
Approx. SqFt: 530
Actual Rent: 520
Max Rent: 575
Market Rent: 575
# of Unit Types (2)
# of Units: 1
# of Bedrooms: 1
# Baths: 1
Approx. SqFt: 732
Actual Rent: 500
Max Rent: 600
Market Rent: 575
# of Unit Types (3)
# of Units: 1
# of Bedrooms: 2
# Baths: 1
Approx. SqFt: 790
Actual Rent: 865
Max Rent: 915
Market Rent: 850
# of Unit Types (4)
# of Units: 1
# of Bedrooms: 2
# Baths: 2
Approx. SqFt: 790
Actual Rent: 800
Max Rent: 875
Market Rent: 875
Unit Summary
Total Units: 4
Average Unit Size: 710.5
Average Actual Rent: 671.25
Annualized: 32220
Total Actual Rent: 2685
Property Features
Construction: Frame
Exterior Material: Stucco
Build Description: Resale
Amenities: Enclosed Yard; No Landscaping
Appliances included: Frestnd Elec Stv/Ovn; Frestnd Gas Stv/Ovn; Refrigerator
Utilities: Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected
Heating: Wall Unit
Cooling: Evaporative Cooling
Flooring: See Remarks
Green Energy Generation: None
Electric Provider: Public Utility
Metering: Individual Electric; Individual Gas
Operating Expenses: Insurance; Repairs/Maintenance
Owner Pays: Maintenance; Sewer; Trash Removal; Water
Tenant Pays: Electric; Gas
Parking: 1.5 Spaces Per Unit
Roof: Metal; TPO (G)
Rental Info: Call Listing Broker
Finance Considered: Cash; Conventional
Source: Owner Provided
Zoning: R-ML*
Listing Office: Berkshire Hathaway NM Prop
Last Updated: April - 12 - 2024
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