4705 MARQUETTE Avenue NE, Albuquerque, NM 87108
$1,650,000
Property Type:
Residential Income
Square Footage:
8,160
Lot Size (sq. ft.):
13,068
Status:
Closed
Current Price:
$1,650,000
List Date:
7/25/2022
Last Modified:
12/04/2022
Description
Incredible money-maker! Beautiful Airbnb units always rented as short and long term furnished. Each unit is over 1600/sf with 3 bedrooms and at least 2 baths. Gorgeous spaces constantly rented. The light filled Marquis Unit above the garages is 3 br/3.5 Bath. Take over this Airbnb/VRBO rental and start making money! Take a look at the pictures-these are beautiful units! Most units are completely renovated with the exception of two bathrooms. 4 units have in unit laundry, 5th unit uses the common laundry rm. 5 garages used by owner, guests can park in front of them. Turn-key operation seller will help you set up your new Airbnb page, or for a little extra you can buy the LLC and have all the 5 star reviews!
More Information MLS# 1019640
Status Change Info
Pending Date: 2022-09-16
Closing Date: 2022-11-29
Contract Information
Listing Price: 1650000
Current Price: $1,650,000
List Price/SqFt: 202.21
Status: Closed
Allowance/Concession: No
Bank Owned: No
Location
Street #: 4705
Street Name: MARQUETTE
St Suffix: Avenue
Post Direction: NE
County: Bernalillo
City/Town Code: Albuquerque
State/Province: NM
Zip Code: 87108
Zip +4: 1267
Geo Lat: 35.08384
Geo Lon: -106.592677
Area: 40 - UNM
Zone Atlas: K17
City/County Data
UPC Code: 101705734840012526
General Property Description
# of Units: 5
5+ Units: Yes
Units for Sale: 5
Property Sub-Type: 5 Units
Apx Structured SqFt: 8160
SqFt Source: Per Appraisal
Lot Size Source: On-Line
Acres: 0.3
Lot SqFt: 13068
Directions: Lomas and Washington south on Washington to Marquette, east to property on the north side of the street
Stories: 2
Total Stories in Bldg: 2
Total # of Buildings: 1
Year Built: 1962
Age: 51 - 60
# Parking Spaces: 5
Disability Access: Unknown
LBP Disclosure: Yes
Builder: Unknown
Owner Occupant Unit: No
Multiple Lots: One
Flood Zone: X
Tax & Legal Info
GRT Code: 02-100
Current Taxes: 5461.06
Tax Exemption: No
Basement
Basement: No
Income & Expenses
Annual Gross Income: 208000
Vacation Rental Income: 208000
Sales Info
Trade/Xch Considered: No
# of Unit Types (1)
# of Units: 1
# of Bedrooms: 3
# Baths: 3
Approx. SqFt: 1680
Actual Rent: 244
Max Rent: 281
Market Rent: 244
# of Unit Types (2)
# of Units: 4
# of Bedrooms: 3
# Baths: 2
Approx. SqFt: 1600
Actual Rent: 168
Max Rent: 200
Unit Summary
Total Units: 5
Average Unit Size: 1616
Average Actual Rent: 183.2
Annualized: 10992
Total Actual Rent: 916
Property Features
Construction: Frame
Exterior Material: Board & Batten; Brick/Wainscoting
Build Description: Resale
Amenities: Balconies/Deck; Fireplace Some Units; Laundry Equip. Owned; Private Patios; Some Landscaping; Wshr/Dryr HU in Unit
Appliances included: Dishwasher; Dryer; Fan/Hood; Frestnd Gas Stv/Ovn; Microwave; Range Hood; Refrigerator; Washer
Utilities: Cable Connected; Electricity Connected; Natural Gas Connected; Phone Available; Sewer Connected; Water Connected
Heating: Central Forced Air
Cooling: Evaporative Cooling
Flooring: Carpet; Tile; Wood
Electric Provider: Public Utility
Electric: None
Miscellaneous Info: All Furnished; No Sign; Vacation Rental
Metering: Individual Electric; Master Gas
Operating Expenses: All
Owner Pays: Electric; Gas; Maintenance; Sewer; Trash Removal; Water
Tenant Pays: None
Parking: 1 Space Per Unit
Roof: Bitumen; Flat
Rental Info: Other - See Remarks
Finance Considered: Cash; Other - See Remarks
Zoning: R-MH*
Listing Office: Unica Real Estate LLC
Last Updated: December - 04 - 2022
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