240 Wheeler Avenue SE, Albuquerque, NM 87102
$475,000
Property Type:
Residential Income
Square Footage:
2,693
Lot Size (sq. ft.):
5,227
Status:
Active
Current Price:
$475,000
List Date:
4/10/2024
Last Modified:
4/20/2024
Description
Exceptional Investment Opportunity! Prime 4-Plex near UNM, CNM & Downtown. Strong Cash Flow! Ideal for investors seeking consistent returns.
This fourplex presents a lucrative investment opportunity with consistent rental income & high occupancy rates, ensuring a steady cash flow for investors.
Multi-Unit Flexibility: With four individual units, each with its own distinct layout, this property provides versatile living options to attract a diverse range of tenants.
Investor-Friendly: Whether you're a seasoned investor or a newcomer to real estate, this fourplex offers a solid investment opportunity with the potential for long-term growth & financial stability.
Well-maintained property, turnkey for immediate income generation. Don't miss out on this lucrative opportunity!
More Information MLS# 1060434
Contract Information
Listing Price: 475000
Current Price: $475,000
List Price/SqFt: 176.38
Status: Active
Bank Owned: No
Location
Street #: 240
Street Name: Wheeler
St Suffix: Avenue
Post Direction: SE
County: Bernalillo
City/Town Code: Albuquerque
State/Province: NM
Zip Code: 87102
Zip +4: 5030
Geo Lat: 35.056394
Geo Lon: -106.650229
Area: 90 - Near South Valley
Zone Atlas: M14
City/County Data
UPC Code: 101405520243721204
General Property Description
# of Units: 4
5+ Units: No
Units for Sale: 4
Property Sub-Type: Four Plex
Apx Structured SqFt: 2693
SqFt Source: Floorplan
Lot Size Source: On-Line
Acres: 0.12
Lot SqFt: 5227.2
Directions: I-25 South to Gibson, West on Gibson to Broadway, South on Broadway to San Jose, West on San Jose to Hinkle, North on Hinkle to 240 Wheeler. Located on the SW corner of Hinkle and Wheeler
Stories: 2
Total # of Buildings: 1
Year Built: 1989
Year Built Source: Assessor
Age: 31 - 40
# Parking Spaces: 8
Disability Access: No
LBP Disclosure: No
Builder: Unknown
Owner Occupant Unit: Yes
Multiple Lots: One
Flood Zone: X
Tax & Legal Info
GRT Code: 02-100
Current Taxes: 2635.5
Tax Exemption: Unknown
Basement
Basement: No
Income & Expenses
Annual Gross Income: 50400
Operating Expenses: 12081
Sales Info
Trade/Xch Considered: Yes
# of Unit Types (1)
# of Units: 2
# of Bedrooms: 2
# Baths: 1
Approx. SqFt: 750
Actual Rent: 1200
Max Rent: 1400
Market Rent: 1300
# of Unit Types (2)
# of Units: 2
# of Bedrooms: 1
# Baths: 1
Approx. SqFt: 490
Actual Rent: 800
Max Rent: 900
Market Rent: 900
Unit Summary
Total Units: 4
Average Unit Size: 620
Average Actual Rent: 1000
Annualized: 48000
Total Actual Rent: 4000
Property Features
Construction: Frame
Exterior Material: Stucco
Build Description: Resale
Amenities: Balconies/Deck; Enclosed Yard; Laundry Community; Laundry Equip. Owned; Owners Unit; Tenant Storage
Appliances included: Blt-In Gas Stve/Oven; Dishwasher; Dryer; Microwave; Refrigerator; Washer
Utilities: Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected
Heating: Central Forced Air
Cooling: Refrigerated
Flooring: Carpet; Tile; Vinyl
Green Energy Generation: None
Electric Provider: Public Utility
Metering: All Master Metering
Operating Expenses: Accounting and Legal; Insurance; Property Taxes; Repairs/Maintenance; Utilities
Owner Pays: Electric; Gas; Sewer; Trash Removal; Water
Tenant Pays: No Utilities
Parking: 2+Spaces Per Unit
Roof: Metal
Rental Info: Current Lse Agreemnt; Month To Month
Trade/Xch Terms: Trade for Other RE
Finance Considered: Cash; Conventional; FHA
Source: Owner Provided
Zoning: SU-2
Floor Plan Unit 1 ›Listing Office: Reza Realty
Last Updated: April - 20 - 2024
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