302 VIRGINIA Street NE, Albuquerque, NM 87108
$349,900
Property Type:
Residential Income
Lot Size (sq. ft.):
16,858
Status:
Closed
Current Price:
$349,900
List Date:
4/07/2020
Last Modified:
6/15/2023
Description
Investment property with great rental history and occupancy rates. Good cash flow and consistent, long term tenants already in place. Generous, open floor plans with carpet/tile. Ample parking with three buildings comprising complex.
More Information MLS# 960095
Status Change Info
Pending Date: 2020-06-16
Closing Date: 2020-07-10
Contract Information
Listing Price: 349900
Current Price: $349,900
Status: Closed
Bank Owned: No
Location
Street #: 302
Street Name: VIRGINIA
St Suffix: Street
Post Direction: NE
County: Bernalillo
City/Town Code: Albuquerque
State/Province: NM
Zip Code: 87108
Zip +4: 2562
Geo Lat: 35.078333
Geo Lon: -106.552228
Area: 70 - Fairgrounds
Zone Atlas: K19
City/County Data
UPC Code: 101905748920542501
Subdivision: N/A
General Property Description
# of Units: 9
5+ Units: Yes
Property Sub-Type: 9 or More Units
Lot Size Source: On-Line
Acres: 0.39
Lot SqFt: 16857.72
Directions: From Wyoming and Lomas, South to Chico. West on Chico to Virginia, then back North to property on the East side of Road. Street addresses reflect 300 and 302 Virginia.
Stories: 1
Total # of Buildings: 3
Year Built: 1955
Year Built Exception: Unknown
Age: 61 - 70
Disability Access: Unknown
LBP Disclosure: Yes
Builder: Unknown
Owner Occupant Unit: No
Multiple Lots: One
Tax & Legal Info
GRT Code: 02-100
Current Taxes: 4314.23
Tax Exemption: Unknown
Basement
Basement: No
Income & Expenses
Annual Gross Income: 54000
Operating Expenses: 20576
Sales Info
Trade/Xch Considered: No
# of Unit Types (1)
# of Units: 1
# of Bedrooms: 1
# Baths: 1
Approx. SqFt: 400
Actual Rent: 500
Max Rent: 525
Market Rent: 500
# of Unit Types (2)
# of Units: 1
# of Bedrooms: 1
# Baths: 1
Approx. SqFt: 400
Actual Rent: 500
Max Rent: 525
Market Rent: 500
# of Unit Types (3)
# of Units: 1
# of Bedrooms: 1
# Baths: 1
Approx. SqFt: 400
Actual Rent: 450
Max Rent: 525
Market Rent: 500
# of Unit Types (4)
# of Units: 1
# of Bedrooms: 1
# Baths: 1
Approx. SqFt: 400
Actual Rent: 450
Max Rent: 535
Market Rent: 500
# of Unit Types (5)
# of Units: 1
# of Bedrooms: 1
# Baths: 1
Approx. SqFt: 400
Actual Rent: 400
Max Rent: 525
Market Rent: 500
# of Unit Types (6)
# of Units: 1
# of Bedrooms: 1
# Baths: 1
Approx. SqFt: 400
Actual Rent: 525
Max Rent: 525
Market Rent: 525
# of Unit Types (7)
# of Units: 1
# of Bedrooms: 1
# Baths: 1
Approx. SqFt: 400
Actual Rent: 500
Max Rent: 525
Market Rent: 500
# of Unit Types (8)
# of Units: 1
# of Bedrooms: 1
# Baths: 1
Approx. SqFt: 400
Actual Rent: 500
Max Rent: 525
Market Rent: 500
# of Unit Types (9)
# of Units: 1
# of Bedrooms: 1
# Baths: 1
Approx. SqFt: 400
Actual Rent: 400
Max Rent: 525
Market Rent: 500
Unit Summary
Total Units: 9
Average Unit Size: 400
Average Actual Rent: 469.44
Annualized: 50700
Total Actual Rent: 4225
Property Features
Construction: Block; Frame
Exterior Material: Stucco
Build Description: Resale
Amenities: Ceiling Fan(s); Private Patios
Appliances included: Frestnd Elec Stv/Ovn; Refrigerator
Utilities: Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected
Heating: Wall Unit
Cooling: Evaporative Cooling
Flooring: Carpet; Tile; Vinyl
Electric Provider: Public Utility
Electric: None
Miscellaneous Info: No Sign
Metering: Individual Electric; Individual Gas
Operating Expenses: Insurance; Miscellaneous; Property Management; Property Taxes; Repairs/Maintenance; Utilities
Owner Pays: Maintenance; Sewer; Water
Tenant Pays: Electric; Gas
Parking: 1 Space Per Unit; Paved Lot
Rental Info: Call Listing Broker; Late Fees; Rental History Avail; Yearly Lease
Finance Considered: Cash; Conventional
Zoning: R-ML*
Documents
APOD ›Listing Office: PS Properties
Last Updated: June - 15 - 2023
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