311 Princeton Drive SE, Albuquerque, NM 87106
$459,974
Property Type:
Residential Income
Square Footage:
2,709
Lot Size (sq. ft.):
6,970
Status:
Active
Current Price:
$459,974
List Date:
5/02/2024
Last Modified:
5/02/2024
Description
311 Princeton SE is located just 3 blocks to UNMs main campus with quick and immediate access to an ART Stop and all that downtown and Nob Hill have to offer. With a 77 Walk Score, 85 Bike Score and a Transit score of 43, and is in the epi-center of the UNM/CNM campuses and is just steps from the Smiths Grocery store.
The owner has positioned this sale to make it easy for an owner occupant to view the main house.
Measures of investment performance at ask price of $459,974 and current average rent of $1,133 are a GRM of 11.27, a 5.87% cap rate, $153,325 per unit, $169.79/sf. Ten recent closed or pending sales indicate a value closet to $465,092.
More Information MLS# 1061818
Contract Information
Listing Price: 459974
Current Price: $459,974
List Price/SqFt: 169.79
Status: Active
Allowance/Concession: No
Bank Owned: No
Location
Street #: 311
Street Name: Princeton
St Suffix: Drive
Post Direction: SE
County: Bernalillo
City/Town Code: Albuquerque
State/Province: NM
Zip Code: 87106
Zip +4: 2840
Geo Lat: 35.076444
Geo Lon: -106.616169
Area: 42 - UNM South
Zone Atlas: K16
City/County Data
UPC Code: 101605717313631608
Subdivision: University Heights Addition
General Property Description
# of Units: 3
5+ Units: No
Units for Sale: 3
Property Sub-Type: Triplex
Apx Structured SqFt: 2709
Lot Size Source: On-Line
Acres: 0.16
Lot SqFt: 6969.6
Directions: From I-25 and Coal - east to Princeton, north to property.
Stories: 1
Total Stories in Bldg: 1
Total # of Buildings: 2
Year Built: 1940
Age: Select One
Disability Access: Unknown
LBP Disclosure: Yes
Builder: Unknown
Owner Occupant Unit: Yes
Flood Zone: X
Tax & Legal Info
GRT Code: 02-100
Current Taxes: 3601.42
Tax Exemption: Unknown
Cooling
Centrally Ducted: No
Basement
Basement: No
Income & Expenses
Annual Gross Income: 38760
Operating Expenses: 11780
Sales Info
Trade/Xch Considered: No
# of Unit Types (1)
# of Units: 1
# of Bedrooms: 2
# Baths: 1
Style: 311 v
Approx. SqFt: 1100
Actual Rent: 1250
Max Rent: 1250
Market Rent: 1450
# of Unit Types (2)
# of Units: 1
# of Bedrooms: 1
# Baths: 1
Style: B
Approx. SqFt: 707
Actual Rent: 900
Max Rent: 900
Market Rent: 1075
# of Unit Types (3)
# of Units: 1
# of Bedrooms: 3
# Baths: 1
Style: C
Approx. SqFt: 902
Actual Rent: 1250
Max Rent: 1250
Market Rent: 1650
Unit Summary
Total Units: 3
Average Unit Size: 903
Average Actual Rent: 1133.33
Annualized: 40800
Total Actual Rent: 3400
Property Features
Construction: Frame
Exterior Material: Stucco; Wood Siding
Build Description: Resale
Amenities: Some Landscaping
Appliances included: Refrigerator
Utilities: Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected
Heating: Central Forced Air
Cooling: Evaporative Cooling
Flooring: Tile; Vinyl; Wood
Green Energy Generation: None
Electric Provider: Public Utility
Miscellaneous Info: No Sign
Metering: Individual Electric; Individual Gas
Operating Expenses: Other - See Remarks
Owner Pays: Other - See Remarks
Tenant Pays: Other - See Remarks
Roof: Pitched; Shingle
Rental Info: Other - See Remarks
Finance Considered: Cash; Conventional; FHA; VA
Zoning: R-ML*
Documents
Flyer & APOD ›Listing Office: NM Apartment Advisors, Inc.
Last Updated: May - 02 - 2024
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