3901 Thaxton Avenue SE, Albuquerque, NM 87108
$498,000
Property Type:
Residential Income
Square Footage:
1,795
Lot Size (sq. ft.):
8,712
Status:
Active
Current Price:
$498,000
List Date:
4/05/2024
Last Modified:
4/05/2024
Description
Introducing, ''The Thaxtons'' an outstanding investment opportunity in a desirable SE ABQ neighborhood, this charming and updated duplex awaits. Each unit has two spacious bedrooms, a full bath, and a one-car garage. No more trips to the laundromat, as both units come equipped with washers and dryers included. Enjoy traditional hardwood floors and tiled kitchens and bathroomsโno carpets! Ample additional parking is available in the driveway. Unit 3901 features a generous backyard, while unit 3903 offers a cozy side courtyard. Both units are currently tenant-occupied with excellent long-term leases. Don't miss out on the chance to explore the expansion potential from 2 to 3/4 units through garage conversions which will create an incredible Cash on Cash Return.
Supplements: Buyers are advised to verify IDO and zoning regulations. With additional income to an already fully stabilized project, this property presents a valuable addition to any portfolio, whether for a 1031 exchange or cash purchase. Its proximity to the beautiful parks, shopping, and services in the area further enhances its appeal.
More Information MLS# 1059398
Contract Information
Listing Price: 498000
Current Price: $498,000
List Price/SqFt: 277.44
Status: Active
Allowance/Concession: No
Bank Owned: No
Location
Street #: 3901
Street Name: Thaxton
St Suffix: Avenue
Post Direction: SE
County: Bernalillo
City/Town Code: Albuquerque
State/Province: NM
Zip Code: 87108
Zip +4: 4358
Geo Lat: 35.063147
Geo Lon: -106.599663
Area: 42 - UNM South
Zone Atlas: L17
City/County Data
UPC Code: 101705614018031001
General Property Description
# of Units: 2
5+ Units: No
Units for Sale: 2
Property Sub-Type: Duplex
Apx Structured SqFt: 1795
SqFt Source: Broker
Lot Size Source: On-Line
Acres: 0.2
Lot SqFt: 8712
Directions: From Gibson, go North on Carlisle and right on Thaxton to the property.
Stories: 1
Total Stories in Bldg: 1
Total # of Buildings: 1
Year Built: 1951
Year Built Source: Public Records
Year Built Exception: Unknown
Age: 71 - 80
Disability Access: Unknown
LBP Disclosure: Yes
Builder: Unknonw
Owner Occupant Unit: No
Flood Zone: X
Tax & Legal Info
GRT Code: 02-100
Current Taxes: 2727.56
Tax Exemption: Unknown
Cooling
Centrally Ducted: No
Basement
Basement: No
Income & Expenses
Annual Gross Income: 46800
Sales Info
Trade/Xch Considered: No
# of Unit Types (1)
# of Units: 1
# of Bedrooms: 2
# Baths: 1
Approx. SqFt: 913
Actual Rent: 1950
# of Unit Types (2)
# of Units: 1
# of Bedrooms: 2
# Baths: 1
Approx. SqFt: 882
Actual Rent: 1950
Unit Summary
Total Units: 2
Average Unit Size: 897.5
Average Actual Rent: 1950
Annualized: 46800
Total Actual Rent: 3900
Property Features
Construction: Block
Exterior Material: Stucco
Build Description: Resale
Amenities: Ceiling Fan(s); Enclosed Yard; Private Patios; Some Landscaping
Appliances included: Dryer; Frestnd Elec Stv/Ovn; Microwave; Refrigerator; Washer
Utilities: Cable Available; Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected
Heating: Floor Furnace
Cooling: Evaporative Cooling; Multi Units
Flooring: No Carpet; Tile; Wood
Green Energy Generation: None
Electric Provider: Public Utility
Electric: None
Miscellaneous Info: No Sign
Metering: Individual Electric; Individual Gas
Owner Pays: Sewer; Water
Tenant Pays: Gas
Parking: 1 Garage; 1 Space Per Unit; Unpaved
Roof: Flat
Rental Info: Call Listing Broker
Finance Considered: Cash; Conventional; Owner Financing
Zoning: R-ML*
Partial Update List Renno ›Listing Office: Real Broker
Last Updated: April - 05 - 2024
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
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