509 Indiana Street SE, Albuquerque, NM 87108
$360,000
Property Type:
Residential Income
Square Footage:
3,261
Lot Size (sq. ft.):
8,276
Status:
Closed
Current Price:
$360,000
List Date:
1/08/2024
Last Modified:
4/30/2024
Description
Great investment opportunity! Four units to be sold with adjacent 513 Indiana SE, MLS# 1055150. Residential conventional financing applicable. NO Owner Financing. All units rented on annual leases. See details for current rents. Financial report available on request. Do not disturb tenants, street viewing only until offer accepted. Property has potential for improvement and therefore higher rents. New roof, recently repaved parking area. Large shade tree helps keep the courtyard and parking area cooler. All units have evap cooling and window A/C units. Each unit has small back yard. Large courtyard shared with 513 Indiana. No W/D in units. Back unit D is larger 2/1 for potential owner unit. Landlord pays water/sewer/trash and tenants pay Elec and Gas on separate meters.
More Information MLS# 1055149
Status Change Info
Pending Date: 2024-02-09
Closing Date: 2024-04-25
Contract Information
Listing Price: 360000
Current Price: $360,000
List Price/SqFt: 110.4
Status: Closed
Bank Owned: No
Location
Street #: 509
Street Name: Indiana
St Suffix: Street
Post Direction: SE
County: Bernalillo
City/Town Code: Albuquerque
State/Province: NM
Zip Code: 87108
Zip +4: 4470
Geo Lat: 35.07039
Geo Lon: -106.571187
Area: 71 - Southeast Heights
Zone Atlas: L18
City/County Data
UPC Code: 101805644944412108
General Property Description
# of Units: 4
5+ Units: No
Property Sub-Type: Four Plex
Apx Structured SqFt: 3261
SqFt Source: Per Appraisal
Lot Size Source: On-Line
Acres: 0.19
Lot SqFt: 8276.4
Directions: From I-40 take Louisiana exit, south bound; go 5.3 mi, take Rt on Zuni, go 2 blks, make left on Indiana, go one block, Property on Rt.
Stories: 1
Total # of Buildings: 1
Year Built: 1964
Year Built Source: Public Records
Age: 51 - 60
Disability Access: No
LBP Disclosure: Yes
Builder: unkown
Owner Occupant Unit: Yes
Flood Zone: X
Tax & Legal Info
GRT Code: 02-100
Current Taxes: 1126.58
Tax Exemption: Unknown
Basement
Basement: No
Sales Info
Trade/Xch Considered: No
# of Unit Types (1)
# of Units: 3
# of Bedrooms: 2
# Baths: 1
Approx. SqFt: 775
Actual Rent: 580
Max Rent: 700
Market Rent: 700
# of Unit Types (2)
# of Units: 1
# of Bedrooms: 2
# Baths: 1
Approx. SqFt: 935
Actual Rent: 700
Max Rent: 850
Market Rent: 850
Unit Summary
Total Units: 4
Average Unit Size: 815
Average Actual Rent: 610
Annualized: 29280
Total Actual Rent: 2440
Property Features
Construction: Frame
Exterior Material: Brick Veneer
Build Description: Resale
Amenities: Ceiling Fan(s); Owners Unit; Private Patios
Appliances included: Frestnd Elec Stv/Ovn; Refrigerator
Utilities: Cable Connected; Electricity Connected; Natural Gas Connected; Phone Connected; Sewer Connected
Heating: Wall Unit
Cooling: Evaporative Cooling; Window Units(s)
Flooring: Vinyl
Green Energy Generation: None
Electric Provider: Public Utility
Miscellaneous Info: Package; Pets Limited
Metering: Individual Electric; Individual Gas
Operating Expenses: Insurance; Property Taxes; Repairs/Maintenance
Owner Pays: Maintenance; Sewer; Trash Removal; Water
Tenant Pays: Electric; Gas
Parking: 1.5 Spaces Per Unit; Assigned Parking; Paved Lot
Roof: Composition; Pitched; Shingle
Rental Info: Current Lse Agreemnt; Yearly Lease
Finance Considered: Cash; Conventional
Zoning: R-1C*
Documents
Tax Levy Disclosure ›Listing Office: HomeSmart Realty Pros
Last Updated: April - 30 - 2024
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