329-333 Alcazar Street NE, Albuquerque, NM 87108
$374,999
Property Type:
Residential Income
Lot Size (sq. ft.):
13,504
Status:
Closed
Current Price:
$374,999
List Date:
11/18/2023
Last Modified:
4/04/2024
Description
Huge established income opportunity! This is the perfect opportunity for savvy investors looking to expand their portfolio or those seeking a steady stream of rental income. Property includes 1 Duplex and 2 houses totaling 4 units located on a spacious lot with room for parking. 329 Alcazar is 3BR/1BA, remodeled late 2019. 333 1/2 Alcazar is 4BR/3BA, has new flooring and new appliances. The duplex is 333 Alcazar, each unit has 1 BR/1BA and a kitchen. Plumbing redone in the beginning of 2023, TPO roof paint/stucco 2018. Newer mini-split systems on 329 and the duplex. Washers and driers are shared. All units are currently occupied by long time renters.
More Information MLS# 1041129
Status Change Info
Pending Date: 2024-01-15
Closing Date: 2024-04-01
Contract Information
Listing Price: 374999
Current Price: $374,999
Status: Closed
Bank Owned: No
Location
Street #: 329-333
Street Name: Alcazar
St Suffix: Street
Post Direction: NE
County: Bernalillo
City/Town Code: Albuquerque
State/Province: NM
Zip Code: 87108
Geo Lat: 35.081215
Geo Lon: -106.567809
Area: 70 - Fairgrounds
Zone Atlas: K19
City/County Data
UPC Code: 101905702530720109
General Property Description
# of Units: 4
5+ Units: No
Property Sub-Type: House Plus Unit(s)
Lot Size Source: On-Line
Acres: 0.31
Lot SqFt: 13504
Directions: South on Louisiana Blvd from Lomas Blvd. Left on Grand Ave. Right on Alcazar St to property on the West side of the street.
Stories: 1
Total # of Buildings: 3
Year Built: 1948
Age: 71 - 80
Disability Access: Unknown
LBP Disclosure: Yes
Builder: Unknown
Owner Occupant Unit: No
Flood Zone: X
Tax & Legal Info
GRT Code: 02-100
Current Taxes: 4500
Tax Exemption: Unknown
Basement
Basement: No
Sales Info
Trade/Xch Considered: No
# of Unit Types (1)
# of Units: 1
# of Bedrooms: 1
# Baths: 1
Style: Duplex
Approx. SqFt: 478
Actual Rent: 600
Max Rent: 650
Market Rent: 550
# of Unit Types (2)
# of Units: 1
# of Bedrooms: 1
# Baths: 1
Style: Duplex
Approx. SqFt: 465
Actual Rent: 575
Max Rent: 650
Market Rent: 650
# of Unit Types (3)
# of Units: 1
# of Bedrooms: 3
# Baths: 1
Style: House
Approx. SqFt: 1006
Actual Rent: 1150
Max Rent: 1500
Market Rent: 1500
# of Unit Types (4)
# of Units: 1
# of Bedrooms: 4
# Baths: 3
Style: House
Approx. SqFt: 1498
Actual Rent: 1700
Max Rent: 1600
Market Rent: 1600
Unit Summary
Total Units: 4
Average Unit Size: 861.75
Average Actual Rent: 1006.25
Annualized: 48300
Total Actual Rent: 4025
Property Features
Construction: Frame
Exterior Material: Stucco
Build Description: Resale
Amenities: Enclosed Yard; Tenant Storage; Wshr/Dryr HU in Unit
Appliances included: Dryer H/U; Frestnd Gas Stv/Ovn; Refrigerator; Washer H/U
Utilities: Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected
Heating: Central Forced Air; Ductless
Cooling: Ductless; Evaporative Cooling; Multi Units
Flooring: Laminate; Tile
Green Energy Generation: None
Electric Provider: Public Utility
Owner Pays: Electric; Gas; Sewer; Trash Removal; Water
Tenant Pays: None
Rental Info: Current Lse Agreemnt
Finance Considered: Cash; Conventional
Zoning: R-1B*
Lead Based Paint ›Listing Office: Keller Williams Realty
Last Updated: April - 04 - 2024
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