222 Princeton Drive SE, Albuquerque, NM 87106
New Listing
$525,000
Property Type:
Residential Income
Lot Size (sq. ft.):
6,970
Status:
Active
Current Price:
$525,000
List Date:
4/27/2024
Last Modified:
4/30/2024
Description
Well-maintained, four-plex investment property situated two blocks from UNM. Upgraded plumbing and electrical. New fencing. Re-roofed last year with a transferable warranty. Nicely landscaped front and rear with off street parking. Unit 1 is a one bedroom with a large living room and original built-in shelves. The full sized kitchen has many cabinets and shelving. Rear atrium is for the refrigerator and 3/4 bath. Unit 2 has two rooms with a full bath and kitchen with a walk-in pantry. Freshly refinished wood flooring throughout. Units 1 and 2 each have a fireplace. Units 3 and 4 are smaller one bedrooms with 3/4 baths. Units 1, 2, and 3 share a centrally located courtyard. Unit 4 has a large fenced-in private courtyard. Property has consistently been rented the last 15 years of ownership
More Information MLS# 1060975
Contract Information
Listing Price: 525000
Current Price: $525,000
Status: Active
Allowance/Concession: Yes
Bank Owned: No
Location
Street #: 222
Street Name: Princeton
St Suffix: Drive
Post Direction: SE
County: Bernalillo
City/Town Code: Albuquerque
State/Province: NM
Zip Code: 87106
Zip +4: 2873
Geo Lat: 35.077589
Geo Lon: -106.615461
Area: 42 - UNM South
Zone Atlas: K16
City/County Data
UPC Code: 101605719417632423
General Property Description
# of Units: 4
5+ Units: No
Property Sub-Type: Four Plex
Lot Size Source: Survey
Acres: 0.16
Lot SqFt: 6969.6
Directions: From Central go South on Princeton.
Property is on the Eastside of the Princeton.
Stories: 1
Total # of Buildings: 3
Year Built: 1936
Year Built Source: Other
Year Built Exception: Unknown
Age: 81 - 99
# Parking Spaces: 5
Disability Access: Unknown
LBP Disclosure: Yes
Builder: Unknown
Owner Occupant Unit: No
Flood Zone: X
Tax & Legal Info
GRT Code: 02-100
Current Taxes: 3428.56
Tax Exemption: Unknown
Basement
Basement: Yes
Sales Info
Trade/Xch Considered: No
# of Unit Types (1)
# of Units: 1
# of Bedrooms: 1
# Baths: 1
Approx. SqFt: 722
Actual Rent: 950
Max Rent: 1000
Market Rent: 1000
# of Unit Types (2)
# of Units: 1
# of Bedrooms: 1
# Baths: 1
Approx. SqFt: 875
Actual Rent: 810
Max Rent: 900
Market Rent: 900
# of Unit Types (3)
# of Units: 1
# of Bedrooms: 1
# Baths: 1
Approx. SqFt: 437
Actual Rent: 610
Max Rent: 750
Market Rent: 750
# of Unit Types (4)
# of Units: 1
# of Bedrooms: 1
# Baths: 1
Approx. SqFt: 309
Actual Rent: 640
Max Rent: 700
Market Rent: 700
Unit Summary
Total Units: 4
Average Unit Size: 585.75
Average Actual Rent: 752.5
Annualized: 36120
Total Actual Rent: 3010
Property Features
Construction: Block; Frame
Exterior Material: Stucco
Build Description: Resale
Amenities: Fireplace Some Units; Outside Lights
Appliances included: Frestnd Gas Stv/Ovn; Refrigerator
Utilities: Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected
Heating: Electric; Wall Unit
Cooling: Evaporative Cooling
Flooring: Laminate; Tile; Wood
Green Energy Generation: None
Electric Provider: Public Utility
Miscellaneous Info: No Sign
Metering: Individual Electric; Individual Gas
Owner Pays: Sewer; Trash Removal; Water
Tenant Pays: Electric; Gas
Parking: 1 Space Per Unit
Roof: Flat; Rolled Roofing
Rental Info: 6 Month; Deposits; Month To Month; Yearly Lease
Finance Considered: Cash; Conventional; VA
Zoning: R-ML*
Documents
Floorplan ›Listing Office: Realty One of New Mexico
Last Updated: April - 30 - 2024
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