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211 Texas Street NE, Albuquerque, NM 87108
$355,000
Property Type:
Residential Income
Square Footage:
2,500
Lot Size (sq. ft.):
6,970
Status:
Active
Current Price:
$355,000
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 (209 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# 1059869
Contract Information
Listing Price: 355000
Current Price: $355,000
List Price/SqFt: 142
Status: Active
Allowance/Concession: No
Bank Owned: No
Location
Street #: 211
Street Name: Texas
St Suffix: Street
Post Direction: NE
County: Bernalillo
City/Town Code: Albuquerque
State/Province: NM
Zip Code: 87108
Zip +4: 2511
Geo Lat: 35.076996
Geo Lon: -106.556206
Area: 70 - Fairgrounds
Zone Atlas: K19
City/County Data
UPC Code: 101905736915741904
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: 2500
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 on west side of street. No sign. Please do not bother tenants. Four-plex next door (209 Texas) also available, so could be eight-plex. BOTH 4 plexes must be sold together. Seller financing avalable 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
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: 1
# Baths: 1
Approx. SqFt: 550
Actual Rent: 1144
Max Rent: 1270
Market Rent: 1200
# of Unit Types (2)
# of Units: 1
# of Bedrooms: 2
# Baths: 1
Approx. SqFt: 700
Actual Rent: 1222
Max Rent: 1350
Market Rent: 1300
# of Unit Types (3)
# of Units: 1
# of Bedrooms: 2
# Baths: 1
Approx. SqFt: 700
Actual Rent: 1037
Max Rent: 1350
Market Rent: 1300
# of Unit Types (4)
# of Units: 1
# of Bedrooms: 1
# Baths: 1
Approx. SqFt: 550
Actual Rent: 650
Max Rent: 1250
Market Rent: 1200
Unit Summary
Total Units: 4
Average Unit Size: 625
Average Actual Rent: 1013.25
Annualized: 48636
Total Actual Rent: 4053
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: Cable Available; 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; Call Listing Broker; 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*
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.
Some of the information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers' personal, non-commercial use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.