432 & 434 Quincy Street NE, Albuquerque, NM 87108
$519,000
Property Type:
Residential Income
Square Footage:
2,161
Lot Size (sq. ft.):
7,841
Status:
Active
Current Price:
$519,000
List Date:
4/20/2024
Last Modified:
4/24/2024
Description
Presenting an exceptional duplex in Albuquerque's sought-after MLS area 40, near UNM. Shopping, restaurants and transit make this high walk score property perfect long-term, or medium term rental approach to investing. With RM-H zoning on .18 acres, this property offers a strategic investment opportunity for those looking to the future. Unit 1 is approximately 920 sq ft, while Unit 2 features around 1,241 sq ft. Low operating expenses ensure impressive cash-on-cash returns and ideal for investors looking for a 1031 exchange. Don't miss out on this turnkey investment opportunity in a prime location of Albuquerque!
More Information MLS# 1061113
Contract Information
Listing Price: 519000
Current Price: $519,000
List Price/SqFt: 240.17
Status: Active
Bank Owned: No
Location
Street #: 432 & 434
Street Name: Quincy
St Suffix: Street
Post Direction: NE
County: Bernalillo
City/Town Code: Albuquerque
State/Province: NM
Zip Code: 87108
Zip +4: 1347
Geo Lat: 35.084988
Geo Lon: -106.589342
Area: 40 - UNM
Zone Atlas: K17
City/County Data
UPC Code: 101705744544112014
General Property Description
# of Units: 2
5+ Units: No
Units for Sale: 2
Property Sub-Type: Duplex
Apx Structured SqFt: 2161
SqFt Source: Broker
Lot Size Source: On-Line
Acres: 0.18
Lot SqFt: 7840.8
Directions: From San Mateo and Lomas Travel South. Turn Right (W) on Marquette, Turn Right (N) on Quincy to Property.
Stories: 1
Total # of Buildings: 1
Year Built: 1955
Age: 61 - 70
Disability Access: Unknown
LBP Disclosure: Yes
Builder: Unknown
Owner Occupant Unit: No
Flood Zone: X
Tax & Legal Info
GRT Code: 02-100
Current Taxes: 3780.1
Tax Exemption: Unknown
Cooling
Centrally Ducted: Yes
Basement
Basement: No
Sales Info
Trade/Xch Considered: No
# of Unit Types (1)
# of Units: 1
# of Bedrooms: 2
# Baths: 1
Approx. SqFt: 920
Actual Rent: 1990
# of Unit Types (2)
# of Units: 1
# of Bedrooms: 3
# Baths: 2
Approx. SqFt: 1241
Actual Rent: 2575
Unit Summary
Total Units: 2
Average Unit Size: 1080.5
Average Actual Rent: 2282.5
Annualized: 54780
Total Actual Rent: 4565
Property Features
Construction: Frame
Exterior Material: Stucco
Build Description: Resale
Amenities: Enclosed Yard; Fireplace Some Units; Private Patios; Walled Complex
Appliances included: Dishwasher; Dryer; Frestnd Gas Stv/Ovn; Refrigerator; Washer
Utilities: Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected
Heating: Floor Furnace; Wall Unit
Cooling: Evaporative Cooling
Flooring: Tile; Vinyl; Wood
Green Energy Generation: None
Electric Provider: Public Utility
Electric: None
Owner Pays: None
Tenant Pays: Electric; Gas; Sewer; Trash Removal; Water
Parking: 1.5 Spaces Per Unit; Other Parking
Roof: Flat; Tar Gravel
Rental Info: Call Listing Broker
Finance Considered: Cash; Conventional; VA
Source: Owner Provided
Zoning: R-MH*
Listing Office: Real Broker
Last Updated: April - 24 - 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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