2601 Rio Grande Boulevard NW, Albuquerque, NM 87104
$525,000
Property Type:
Residential Income
Square Footage:
2,976
Lot Size (sq. ft.):
15,756
Status:
Closed
Current Price:
$525,000
List Date:
2/11/2020
Last Modified:
3/25/2020
Description
6-Units! Incredible remodels in prime North Valley setting on .36 acre lot! Long time family ownership. There's a scarcity of rentals in ABQ's lush, historic N'Valley, 1.4 mi to Old Town, walk/bike to Nature Center. Artsy area-Think Airbnb? Five 1 BR/1BA units, each approx 480 SF, have been tastefully re-done with Pella windows, Elastomeric stucco, membrane roofs, designer colors, gleaming hardwood floors, coolers and 40's era specific kitchen/BA improvements. W/D in front and rear units. Mrt rate=$735+/mo. Detached 1 BR/1BA has enclosed front yard, is approx 576 SF, has newer windows, roof, stucco+cooler but interior is mostly 70's-80's era, Mrkt rate=$700+/mo. 10+ parking spaces, garage/outbuilding is 6-car size, one is enclosed garage--could be parking, wkshop, storage for add'n income.
More Information MLS# 962218
Status Change Info
Pending Date: 2020-02-11
Closing Date: 2020-03-25
Contract Information
Listing Price: 525000
Current Price: $525,000
List Price/SqFt: 176.41
Status: Closed
Allowance/Concession: No
Bank Owned: No
Location
Street #: 2601
Street Name: Rio Grande
St Suffix: Boulevard
Post Direction: NW
County: Bernalillo
City/Town Code: Albuquerque
State/Province: NM
Zip Code: 87104
Geo Lat: 35.119386
Geo Lon: -106.675856
Area: 101 - Near North Valley
Zone Atlas: G12
City/County Data
UPC Code: 101206048610540231.
General Property Description
# of Units: 6
5+ Units: Yes
Units for Sale: 6
Property Sub-Type: 6 Units
Apx Structured SqFt: 2976
SqFt Source: Broker
Lot Size Source: On-Line
Acres: 0.36
Lot SqFt: 15756
Directions: From Candelaria, south on Rio Grande to SW corner of Iris/Rio Grande.
Stories: 1
Total # of Buildings: 3
Year Built: 1946
Year Built Exception: Unknown
Age: 71 - 80
# Parking Spaces: 10
Disability Access: Unknown
LBP Disclosure: Yes
Builder: Unknown
Owner Occupant Unit: No
Multiple Lots: One
Tax & Legal Info
GRT Code: 02-100
Current Taxes: 2554
Tax Exemption: Unknown
Basement
Basement: No
Income & Expenses
Annual Gross Income: 53320
Operating Expenses: 10354
Sales Info
Trade/Xch Considered: No
# of Unit Types (1)
# of Units: 5
# of Bedrooms: 1
# Baths: 1
Approx. SqFt: 480
Actual Rent: 625
Max Rent: 750
Market Rent: 725
# of Unit Types (2)
# of Units: 1
# of Bedrooms: 1
# Baths: 1
Approx. SqFt: 576
Actual Rent: 500
Max Rent: 675
Market Rent: 650
Unit Summary
Total Units: 6
Average Unit Size: 496
Average Actual Rent: 604.16
Annualized: 43500
Total Actual Rent: 3625
Property Features
Construction: Block; Frame
Exterior Material: Stucco
Build Description: Resale
Amenities: Some Landscaping; Tenant Storage
Appliances included: Frestnd Gas Stv/Ovn; Refrigerator
Utilities: Electricity Available; Sewer Available; Water Available
Heating: Central Forced Air; Floor Furnace; Gas
Cooling: Evaporative Cooling
Flooring: Tile; Vinyl; Wood
Electric Provider: Public Utility
Electric: None
Miscellaneous Info: No Sign
Operating Expenses: Accounting and Legal; Call Listing Broker; Insurance; Property Taxes; Repairs/Maintenance; Supplies; Utilities
Owner Pays: Water; Other - See Remarks
Tenant Pays: Other - See Remarks
Parking: 1.5 Spaces Per Unit; Other Parking
Roof: TPO (G)
Rental Info: 6 Month; Rental History Avail
Finance Considered: Cash; Conventional
Zoning: R-A*
Listing Office: RE/MAX SELECT
Last Updated: March - 25 - 2020
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