440 CHAMA Street SE, Albuquerque, NM 87108
$236,800
Property Type:
Residential Income
Square Footage:
2,700
Lot Size (sq. ft.):
6,490
Status:
Closed
Current Price:
$236,800
List Date:
4/01/2020
Last Modified:
9/05/2023
Description
You won't find a better performing property anywhere in this area or price range with all repairs made! At $700 monthly per apartment the property produces Gross Annual Rents of $33,600. Cap rate is 9.5% and GRM is 7.05. All units are two bedroom one bath apartments recently renovated that includes new paint, trim, and bathrooms throughout. Units C and D have new kitchen cabinets replaced late 2017. All light fixtures and fans in bedrooms replaced late 2017. Parking is lit by efficient LED lighting. New electrical panel 2017. New roof replaced 2016 with warranty! New Sewer line replaced March 2020. All four units are separately metered and tenants pay for gas and electricity.
More Information MLS# 965604
Status Change Info
Pending Date: 2020-04-12
Closing Date: 2020-05-21
Contract Information
Listing Price: 236800
Current Price: $236,800
List Price/SqFt: 87.7
Status: Closed
Allowance/Concession: No
Bank Owned: No
Location
Street #: 440
Street Name: CHAMA
St Suffix: Street
Post Direction: SE
County: Bernalillo
City/Town Code: Albuquerque
State/Province: NM
Zip Code: 87108
Zip +4: 5238
Geo Lat: 35.07113
Geo Lon: -106.566172
Area: 71 - Southeast Heights
Zone Atlas: L19
City/County Data
UPC Code: 101905607347322124
General Property Description
# of Units: 4
5+ Units: No
Property Sub-Type: Four Plex
Apx Structured SqFt: 2700
SqFt Source: Broker
Lot Size Source: On-Line
Acres: 0.15
Lot SqFt: 6490.44
Directions: From Zuni & Louisiana, East on Zuni to Chama, South on Chama to property.
Stories: 1
Total # of Buildings: 1
Year Built: 1959
Age: 61 - 70
Disability Access: Unknown
LBP Disclosure: Yes
Builder: Unknown
Owner Occupant Unit: No
Tax & Legal Info
GRT Code: 02-100
Current Taxes: 1514
Tax Exemption: Unknown
Basement
Basement: No
Income & Expenses
Annual Gross Income: 33600
Operating Expenses: 11102
Sales Info
Trade/Xch Considered: No
# of Unit Types (1)
# of Units: 4
# of Bedrooms: 2
# Baths: 1
Approx. SqFt: 675
Actual Rent: 700
Max Rent: 725
Market Rent: 700
Unit Summary
Total Units: 4
Average Unit Size: 675
Average Actual Rent: 700
Annualized: 33600
Total Actual Rent: 2800
Property Features
Construction: Frame
Exterior Material: Stucco
Build Description: Resale
Amenities: Ceiling Fan(s)
Appliances included: Dryer; Frestnd Gas Stv/Ovn; Washer
Utilities: Cable Available; Electricity Connected; Natural Gas Connected; Phone Available; Sewer Connected; Water Connected
Heating: Wall Unit
Cooling: Evaporative Cooling
Flooring: Carpet; Tile
Electric Provider: Public Utility
Electric: None
Metering: Individual Electric; Individual Gas
Operating Expenses: All
Owner Pays: Sewer; Water
Tenant Pays: Electric; Gas
Roof: Bitumen
Rental Info: Current Lse Agreemnt
Finance Considered: Cash
Source: Actual Record; Owner Provided
Zoning: R-ML*
Listing Office: ABQ Properties LLC
Last Updated: September - 05 - 2023
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
Some of the information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers' personal, non-commercial use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.