317 Texas Street NE, Albuquerque, NM 87108
$115,000
Property Type:
Residential Income
Square Footage:
2,700
Lot Size (sq. ft.):
10,019
Status:
Closed
Current Price:
$115,000
List Date:
6/15/2016
Last Modified:
7/10/2018
Description
Four x two bedroom units in NE heights- super motivated owner says get it SOLD!
Priced at $115,000, $28,750 per unit, $42.59/sf, unheard of 11.70% CAP rate, 28.5% cash on cash, 40.7% before tax IRR and 30.4% After Tax IRR.
Share with your investors now, as this property will go fast.
More Information MLS# 868491
Status Change Info
Pending Date: 2016-07-03
Closing Date: 2016-08-12
Contract Information
Listing Price: 115000
Current Price: $115,000
List Price/SqFt: 42.59
Status: Closed
Allowance/Concession: No
Bank Owned: No
Location
Street #: 317
Street Name: Texas
St Suffix: Street
Post Direction: NE
County: Bernalillo
City/Town Code: Albuquerque
State/Province: NM
Zip Code: 87108
Zip +4: 2528
Geo Lat: 35.078846
Geo Lon: -106.556209
Area: 70 - Fairgrounds
Zone Atlas: K19
City/County Data
UPC Code: 101905737122741914
Subdivision: Mesa Verde
General Property Description
# of Units: 4
5+ Units: No
Units for Sale: 4
Property Sub-Type: Four Plex
Apx Structured SqFt: 2700
SqFt Source: Broker
Lot Size Source: On-Line
Acres: 0.23
Lot SqFt: 10018.8
Directions: From I-40 and Wyoming, south to Copper, west to Texas, north to property.
Stories: 1
Total Stories in Bldg: 1
Total # of Buildings: 1
Year Built: 1959
Disability Access: No
LBP Disclosure: Yes
Builder: Unknown
Owner Occupant Unit: No
Multiple Lots: Three
Tax & Legal Info
GRT Code: 02-100
Current Taxes: 1330.48
Tax Exemption: No
Basement
Basement: No
Sales Info
Trade/Xch Considered: No
# of Unit Types (1)
# of Units: 4
# of Bedrooms: 2
# Baths: 1
Approx. SqFt: 675
Actual Rent: 488
Max Rent: 500
Market Rent: 671
Unit Summary
Total Units: 4
Average Unit Size: 675
Average Actual Rent: 488
Annualized: 23424
Total Actual Rent: 1952
Property Features
Construction: Frame
Exterior Material: Stucco
Amenities: No Landscaping; Security Gate; Tenant Storage
Appliances included: Refrigerator
Utilities: All City
Heating: Gas
Cooling: Evaporative Cooling
Flooring: Carpet
Owner Pays: Some Utilities
Tenant Pays: Some Utilities
Rental Info: Call Listing Broker
Finance Considered: Cash; Conventional; FHA; VA
Source: Broker Provided
Zoning: R-2
Documents
Lead Based Paint ›Listing Office: NM Apartment Advisors, Inc.
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.
Some of the information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers' personal, non-commercial use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.