313 57th Street NW, Albuquerque, NM 87105
$119,000
Property Type:
Residential Income
Square Footage:
1,050
Lot Size (sq. ft.):
6,098
Status:
Closed
Current Price:
$119,000
List Date:
4/26/2017
Last Modified:
7/10/2018
Description
Two Studio units with lots of improvements and updates. (list attached in documents or contact listing broker) Lower unit is rented on a three year lease for $505/month to long-time tenant. Owner lives in upper unit, which has Sandia Mtn views, and a roomy balcony. W/D in lower unit only. Water and gas have one meter each, electric has two meters. Huge lot with tons of parking available behind fence. Five minutes to downtown, or take the Central Ave bus. Great opportunity to live in a super nice unit and have the lower unit pay most of your mortgage. Or rent out both units for a total of $1100/month and have a nice cash flow on the building. Zoning is R-1 with a variance for a duplex. (in documents) No work to do...it's been done! This is a turn-key property.
More Information MLS# 890139
Status Change Info
Pending Date: 2017-05-11
Closing Date: 2017-06-20
Contract Information
Listing Price: 119000
Current Price: $119,000
List Price/SqFt: 113.33
Status: Closed
Allowance/Concession: No
Bank Owned: No
Location
Street #: 313
Street Name: 57th
St Suffix: Street
Post Direction: NW
County: Bernalillo
City/Town Code: Albuquerque
State/Province: NM
Zip Code: 87105
Zip +4: 1936
Geo Lat: 35.085631
Geo Lon: -106.702251
Area: 111 - Ladera Heights
Zone Atlas: K11
City/County Data
UPC Code: 101105722446622104
Subdivision: E Lavaland Add
General Property Description
# of Units: 2
5+ Units: No
Units for Sale: 2
Property Sub-Type: Duplex
Apx Structured SqFt: 1050
SqFt Source: Professional
Apx Lot Dim Front: 75
Apx Lot Dim Side: 80
Lot Description: level
Lot Size Source: Survey
Acres: 0.14
Lot SqFt: 6098
Directions: Head north on 57th from Central, jog left at Avalon. Home is on the left.
Or from Coors, turn east on Bluewater, then south (right) on 57th. Home is on the right.
Stories: 2
Total Stories in Bldg: 2
Total # of Buildings: 1
Year Built: 1945
# Parking Spaces: 8
Disability Access: Unknown
LBP Disclosure: Yes
Builder: unknown
Owner Occupant Unit: Yes
Tax & Legal Info
GRT Code: 02-100
Current Taxes: 676.84
Tax Exemption: Yes
Basement
Basement: No
Income & Expenses
Annual Gross Income: 12660
Operating Expenses: 2729
Sales Info
Trade/Xch Considered: No
# of Unit Types (1)
# of Units: 2
# Baths: 1
Style: studio units
Approx. SqFt: 525
Actual Rent: 505
Max Rent: 575
Market Rent: 550
Unit Summary
Total Units: 2
Average Unit Size: 525
Average Actual Rent: 505
Annualized: 12120
Total Actual Rent: 1010
Property Features
Construction: Block; Frame
Exterior Material: Stucco
Amenities: Balconies/Deck; Enclosed Yard; Laundry Equip. Owned; Outside Lights; Owners Unit; Wshr/Dryr HU in Unit
Appliances included: Dishwasher; Dryer; Frestnd Gas Stv/Ovn; Refrigerator; Washer
Utilities: All City; Electric; Natural Gas
Heating: 2+ Units; Heat Pump
Cooling: Multi Units; Refrigerated
Flooring: No Carpet; Tile; Wood
Miscellaneous Info: No Pets; No Sign
Metering: Individual Electric; Master Gas
Operating Expenses: Insurance; Property Taxes; Repairs/Maintenance; Utilities
Owner Pays: Gas; Sewer; Water
Tenant Pays: Electric
Parking: 2+Spaces Per Unit; Unpaved
Roof: Tar Gravel
Rental Info: Current Lse Agreemnt
Finance Considered: Cash; Conventional
Zoning: R-1
Documents
Tax Levy Disclosure ›Listing Office: Chocolate Properties, LLC
Last Updated: July - 10 - 2018
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
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