214 Pine Street SE, Albuquerque, NM 87106
$259,900
Property Type:
Residential Income
Square Footage:
2,200
Lot Size (sq. ft.):
12,632
Status:
Closed
Current Price:
$259,900
List Date:
4/19/2016
Last Modified:
7/10/2018
Description
Excellent income producing 4-plex two blocks from UNM. 4 one bedroom/one bathroom apartments with a shared backyard. Fully leased with excellent rental history. At current lease rates, property has an annual revenue of $27,240.
More Information MLS# 864038
Status Change Info
Pending Date: 2016-04-21
Closing Date: 2016-06-10
Contract Information
Listing Price: 259900
Current Price: $259,900
List Price/SqFt: 118.14
Status: Closed
Allowance/Concession: No
Bank Owned: No
Location
Street #: 214
Street Modifier: 210, 212, 214 1/2
Street Name: Pine
St Suffix: Street
Post Direction: SE
County: Bernalillo
City/Town Code: Albuquerque
State/Province: NM
Zip Code: 87106
Zip +4: 4420
Geo Lat: 35.080098
Geo Lon: -106.627948
Area: 42 - UNM South
Zone Atlas: K15
City/County Data
UPC Code: 101505734725742616
Subdivision: Terrace Add
General Property Description
# of Units: 4
5+ Units: No
Units for Sale: 4
Property Sub-Type: Four Plex
Apx Structured SqFt: 2200
SqFt Source: Per Appraisal
Lot Size Source: Per Appraisal
Acres: 0.29
Lot SqFt: 12632
Directions: On Pine St. SE between Gold and Silver.
Stories: 1
Total Stories in Bldg: 1
Total # of Buildings: 2
Year Built: 1930
# Parking Spaces: 3
Disability Access: Unknown
LBP Disclosure: Yes
Builder: Unknown
Owner Occupant Unit: No
Tax & Legal Info
GRT Code: 02-100
Current Taxes: 2749.14
Tax Exemption: No
Basement
Basement: Yes
Bsmt Overall SqFt: 750
Basement SqFt Incl: No
Basement Finished: No
Income & Expenses
Annual Gross Income: 27240
Operating Expenses: 3000
Sales Info
Trade/Xch Considered: No
# of Unit Types (1)
# of Units: 1
# of Bedrooms: 1
# Baths: 1
Approx. SqFt: 608
Actual Rent: 595
Max Rent: 595
Market Rent: 650
# of Unit Types (2)
# of Units: 1
# of Bedrooms: 1
# Baths: 1
Approx. SqFt: 670
Actual Rent: 685
Max Rent: 685
Market Rent: 700
# of Unit Types (3)
# of Units: 1
# of Bedrooms: 1
# Baths: 1
Approx. SqFt: 606
Actual Rent: 595
Max Rent: 595
Market Rent: 650
# of Unit Types (4)
# of Units: 1
# of Bedrooms: 1
# Baths: 1
Approx. SqFt: 368
Actual Rent: 395
Max Rent: 395
Market Rent: 425
Unit Summary
Total Units: 4
Average Unit Size: 563
Average Actual Rent: 567.5
Annualized: 27240
Total Actual Rent: 2270
Property Features
Construction: Block; Frame
Exterior Material: Stucco
Amenities: Ceiling Fan(s); Enclosed Yard; Laundry Equip. Owned; Private Patios; Some Landscaping; Wshr/Dryr HU in Unit
Appliances included: Dishwasher; Dryer H/U; Refrigerator; Washer
Utilities: All City
Heating: Central Forced Air
Cooling: Multi Units; Refrigerated; Window Units(s)
Flooring: Carpet; Vinyl; Wood
Metering: Individual Electric; Individual Gas
Operating Expenses: All
Owner Pays: Sewer; Trash Removal; Water
Tenant Pays: Electric; Gas
Parking: 1 Space Per Unit; Unpaved
Roof: Flat
Rental Info: Current Lse Agreemnt; Deposits; Late Fees; Rental History Avail; Yearly Lease
Finance Considered: Cash; Conventional
Source: Actual Record
Zoning: SU-2
Listing Office: Hardy & Company
Last Updated: July - 10 - 2018
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