209 Texas Street NE, Albuquerque, NM 87108
$365,000
Property Type:
Residential Income
Square Footage:
2,650
Lot Size (sq. ft.):
6,970
Status:
Active
Current Price:
$365,000
List Date:
4/02/2024
Last Modified:
4/24/2024
Description
9% cap rate! New fencing and new stucco surface. TPO roof in some areas, still under warranty. . Low maintenance, no carpet. Some units have washer hookups. All units have stoves and refrigerators. Four-plex next door (211 Texas) also available, so could be eight-plex. Get an 8-plex with the benefits of residential financing. Call broker for info. BOTH 4 plexes must be sold together. Seller financing avalable with substantial down payment.
More Information MLS# 1059864
Contract Information
Listing Price: 365000
Current Price: $365,000
List Price/SqFt: 137.74
Status: Active
Allowance/Concession: No
Bank Owned: No
Location
Street #: 209
Street Name: Texas
St Suffix: Street
Post Direction: NE
County: Bernalillo
City/Town Code: Albuquerque
State/Province: NM
Zip Code: 87108
Zip +4: 2512
Geo Lat: 35.076859
Geo Lon: -106.556209
Area: 70 - Fairgrounds
Zone Atlas: K19
City/County Data
UPC Code: 101905736915241903
Subdivision: Mesa Verde Add
General Property Description
# of Units: 4
5+ Units: No
Units for Sale: 4
Property Sub-Type: Four Plex
Apx Structured SqFt: 2650
SqFt Source: Per Appraisal
Lot Size Source: On-Line
Acres: 0.16
Lot SqFt: 6969.6
Directions: From Copper and Wyoming, go west to Texas. South to property, 4 plex on west side. No sign. Do not disturb tenants. 4-plex at 211 Texas is also available, and both buildings must be sold together. Seller financing available with substantial down payment
Stories: 1
Total # of Buildings: 2
Year Built: 1950
Year Built Source: Public Records
Year Built Exception: Unknown
Age: 61 - 70
# Parking Spaces: 6
Disability Access: Yes
LBP Disclosure: Yes
Builder: Unknown
Owner Occupant Unit: No
Flood Zone: X
Tax & Legal Info
GRT Code: 02-100
Current Taxes: 1531.16
Tax Exemption: No
Cooling
Centrally Ducted: No
Basement
Basement: No
Income & Expenses
Annual Gross Income: 98916
Operating Expenses: 34080
Sales Info
Trade/Xch Considered: No
# of Unit Types (1)
# of Units: 1
# of Bedrooms: 2
# Baths: 1
Approx. SqFt: 700
Actual Rent: 1036
Max Rent: 1350
Market Rent: 1300
# of Unit Types (2)
# of Units: 1
# of Bedrooms: 2
# Baths: 1
Approx. SqFt: 700
Actual Rent: 1144
Max Rent: 1350
Market Rent: 1300
# of Unit Types (3)
# of Units: 1
# of Bedrooms: 2
# Baths: 1
Approx. SqFt: 700
Actual Rent: 1005
Max Rent: 1350
Market Rent: 1300
# of Unit Types (4)
# of Units: 1
# of Bedrooms: 1
# Baths: 1
Approx. SqFt: 550
Actual Rent: 1005
Max Rent: 1250
Market Rent: 1200
Unit Summary
Total Units: 4
Average Unit Size: 662.5
Average Actual Rent: 1047.5
Annualized: 50280
Total Actual Rent: 4190
Property Features
Construction: Frame
Exterior Material: Stucco
Build Description: Resale
Amenities: No Landscaping; Walled Complex; Wshr/Dryr HU in Unit
Appliances included: Frestnd Elec Stv/Ovn; Refrigerator; Washer H/U
Utilities: Electricity Connected; Phone Connected; Sewer Connected; Water Connected
Heating: Electric; Perimeter/Baseboard
Cooling: Evaporative Cooling
Flooring: No Carpet; Tile; Vinyl
Green Energy Generation: None
Electric Provider: Public Utility
Electric: None
Miscellaneous Info: No Sign; Pets Limited
Metering: Individual Electric
Operating Expenses: All
Owner Pays: Sewer; Trash Removal; Water
Tenant Pays: Electric
Parking: 1.5 Spaces Per Unit
Roof: Flat; Pitched; Rubber Membrane
Rental Info: 6 Month; Current Lse Agreemnt; Deposits; Rental History Avail; Yearly Lease
Finance Considered: Cash; Conventional; FHA; Owner Financing; VA
Source: Actual Record; Owner Provided
Zoning: R-ML*
Plat/Map Survey ›Listing Office: Criel and Associates, LLC
Last Updated: April - 24 - 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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