420 Kentucky Street SE, Albuquerque, NM 87108
$185,000
Property Type:
Residential Income
Square Footage:
1,600
Lot Size (sq. ft.):
6,970
Status:
Pending
Current Price:
$185,000
List Date:
4/20/2024
Last Modified:
4/26/2024
Description
Great investment opportunity!! This Duplex is priced to SELL!! Large 2 bedroom units with onsite storage. With a little effort and investment, this duplex can be a fantastic opportunity. Needs updates, with potential for value add. Current estimated cap rate of 8% with an estimated pro forma cap rate of 10%. Duplex is sold ''As Is''. Unit B has an extended large yard in the back. Unit A shares the front yard with Unit B. Tenants are month to month. No showings until we have an accepted offer. Call for more information!
More Information MLS# 1061088
Status Change Info
Pending Date: 2024-04-26
Contract Information
Listing Price: 185000
Current Price: $185,000
List Price/SqFt: 115.63
Status: Pending
Bank Owned: No
Location
Street #: 420
Street Name: Kentucky
St Suffix: Street
Post Direction: SE
County: Bernalillo
City/Town Code: Albuquerque
State/Province: NM
Zip Code: 87108
Zip +4: 4595
Geo Lat: 35.071684
Geo Lon: -106.569372
Area: 71 - Southeast Heights
Zone Atlas: L18
City/County Data
UPC Code: 101805650249313118
General Property Description
# of Units: 2
5+ Units: No
Property Sub-Type: Duplex
Apx Structured SqFt: 1600
SqFt Source: Broker
Lot Size Source: On-Line
Acres: 0.16
Lot SqFt: 6969.6
Directions: Go South on Zuni from Zuni and Louisiana, turn left towards Kentucky St SE. Property will be on the left side of Zuni rd
Stories: 1
Total # of Buildings: 1
Year Built: 1960
Age: Select One
Disability Access: Unknown
LBP Disclosure: Yes
Builder: Unknown
Owner Occupant Unit: No
Flood Zone: X
Tax & Legal Info
GRT Code: 02-100
Current Taxes: 1693.3
Tax Exemption: Unknown
Basement
Basement: No
Income & Expenses
Annual Gross Income: 16800
Operating Expenses: 1800
Sales Info
Trade/Xch Considered: No
# of Unit Types (1)
# of Units: 1
# of Bedrooms: 2
# Baths: 1
Approx. SqFt: 800
Actual Rent: 635
Max Rent: 875
Market Rent: 875
# of Unit Types (2)
# of Units: 1
# of Bedrooms: 2
# Baths: 1
Approx. SqFt: 800
Actual Rent: 765
Max Rent: 875
Market Rent: 875
Unit Summary
Total Units: 2
Average Unit Size: 800
Average Actual Rent: 700
Annualized: 16800
Total Actual Rent: 1400
Property Features
Construction: Frame
Exterior Material: Stucco
Build Description: Resale
Amenities: Some Landscaping
Appliances included: Grill; Refrigerator
Utilities: Cable Connected; Electricity Connected; Natural Gas Connected; Phone Connected; Sewer Connected; Water Connected
Heating: Central Forced Air
Cooling: Evaporative Cooling
Flooring: Carpet; Tile; See Remarks
Green Energy Generation: None
Electric Provider: Public Utility
Metering: Individual Electric; Individual Gas
Operating Expenses: Property Taxes; Repairs/Maintenance
Owner Pays: Maintenance; Water
Tenant Pays: Electric; Gas; Sewer; Trash Removal
Parking: 2+Spaces Per Unit; Assigned Parking
Rental Info: Month To Month
Finance Considered: Cash; Conventional
Zoning: R-MH*
Listing Office: Keller Williams Realty
Last Updated: April - 26 - 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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