419 ATRISCO Drive SW, Albuquerque, NM 87105
$450,000
Property Type:
Residential Income
Square Footage:
3,300
Lot Size (sq. ft.):
15,246
Status:
Closed
Current Price:
$450,000
List Date:
1/08/2023
Last Modified:
3/26/2023
Description
Wanting to acquire an income producing property to start 2023? I have one in mind. This renovated Tri Plex located just across the river from desirable old town and downtown in the Town of Atrisco includes a GRM of 9, cap rate of 7.7%, & IRR of 16% at the purchase price of $450,000 and current rents. These spacious comfortable 3 units contain open unique floor plans with approx 1,100 sqft each. They offer everything a tenant could ask for even individual washer & dryer in each unit. Located near everything you need. You do not want to miss out on this magnificent income producing opportunity
More Information MLS# 1027823
Status Change Info
Pending Date: 2023-02-03
Closing Date: 2023-03-23
Contract Information
Listing Price: 450000
Current Price: $450,000
List Price/SqFt: 136.36
Status: Closed
Allowance/Concession: No
Bank Owned: No
Location
Street #: 419
Street Name: ATRISCO
St Suffix: Drive
Post Direction: SW
County: Bernalillo
City/Town Code: Albuquerque
State/Province: NM
Zip Code: 87105
Zip +4: 2604
Geo Lat: 35.078428
Geo Lon: -106.686542
Area: 90 - Near South Valley
Zone Atlas: K12
City/County Data
UPC Code: 101205717120131110
General Property Description
# of Units: 3
5+ Units: No
Units for Sale: 3
Property Sub-Type: Triplex
Apx Structured SqFt: 3300
SqFt Source: Per Appraisal
Lot Size Source: On-Line
Acres: 0.35
Lot SqFt: 15246
Directions: Coming from central head south on Atrisco. Once you pass gonzales rd sw The Triplex will be located on the right hand side of the road.
Stories: 1
Total # of Buildings: 3
Year Built: 1941
Age: 81 - 99
Disability Access: No
LBP Disclosure: Yes
Builder: unknown
Owner Occupant Unit: No
Flood Zone: X
Tax & Legal Info
GRT Code: 02-100
Current Taxes: 2340.86
Tax Exemption: No
Basement
Basement: No
Income & Expenses
Annual Gross Income: 49800
Operating Expenses: 4000
Sales Info
Trade/Xch Considered: No
# of Unit Types (1)
# of Units: 1
# of Bedrooms: 3
# Baths: 1
Approx. SqFt: 1100
Actual Rent: 1400
Max Rent: 1450
Market Rent: 1400
# of Unit Types (2)
# of Units: 1
# of Bedrooms: 2
# Baths: 1
Approx. SqFt: 1100
Actual Rent: 1300
Max Rent: 1350
Market Rent: 1300
# of Unit Types (3)
# of Units: 1
# of Bedrooms: 3
# Baths: 2
Approx. SqFt: 1100
Actual Rent: 1450
Max Rent: 1500
Market Rent: 1450
Unit Summary
Total Units: 3
Average Unit Size: 1100
Average Actual Rent: 1383.33
Annualized: 49800
Total Actual Rent: 4150
Property Features
Construction: Adobe; Frame
Exterior Material: Stucco
Build Description: Resale
Amenities: Wshr/Dryr HU in Unit
Appliances included: Dishwasher; Dryer H/U; Frestnd Gas Stv/Ovn; Microwave; Refrigerator; Washer H/U
Utilities: Cable Connected; Electricity Connected; Natural Gas Connected; Phone Connected; Sewer Connected; Water Connected
Heating: Central Forced Air
Cooling: Central Air; Refrigerated
Flooring: Vinyl
Electric Provider: Public Utility
Electric: None
Miscellaneous Info: No Sign
Owner Pays: Water
Tenant Pays: Electric; Gas
Roof: Shingle
Rental Info: 6 Month; Yearly Lease
Finance Considered: Cash; Conventional; FHA; VA
Zoning: R-ML*
Listing Office: Keller Williams Realty
Last Updated: March - 26 - 2023
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