509 Vermont Street NE, Albuquerque, NM 87108
$228,000
Property Type:
Residential Income
Square Footage:
2,142
Lot Size (sq. ft.):
6,970
Status:
Closed
Current Price:
$228,000
List Date:
11/17/2022
Last Modified:
2/14/2024
Description
This is an awesome investment opportunity with an Owner Financing Option too! House hack potential, live in one unit and have the other 2 units pay the mortgage. It doesn't get better than this. Lots of recent updates and remodel. 2 Units Rented at $900 per month with the 3rd Unit Rent Ready for tenant or owner occupant. $2,700+ per month in possible rents. Laundry Room Onsite with potential for added income. Each unit has its own fenced backyard area and there is ample parking for tenants.
More Information MLS# 1024207
Status Change Info
Pending Date: 2022-12-19
Closing Date: 2023-01-23
Contract Information
Listing Price: 228000
Current Price: $228,000
List Price/SqFt: 106.44
Status: Closed
Bank Owned: No
Location
Street #: 509
Street Name: Vermont
St Suffix: Street
Post Direction: NE
County: Bernalillo
City/Town Code: Albuquerque
State/Province: NM
Zip Code: 87108
Zip +4: 2697
Geo Lat: 35.082263
Geo Lon: -106.553888
Area: 70 - Fairgrounds
Zone Atlas: K19
City/County Data
UPC Code: 101905744034710516
General Property Description
# of Units: 3
5+ Units: No
Property Sub-Type: Triplex
Apx Structured SqFt: 2142
SqFt Source: Broker
Lot Size Source: Broker
Acres: 0.16
Lot SqFt: 6969.6
Directions: Head east on Lomas Blvd. Turn right on Utah St, turn left on Marquette Ave, then right on Vermont. Property will be on your right.
Stories: 2
Total # of Buildings: 1
Year Built: 1945
Age: 71 - 80
Disability Access: Unknown
LBP Disclosure: Yes
Builder: UNK
Owner Occupant Unit: No
Flood Zone: X
Tax & Legal Info
GRT Code: 02-100
Current Taxes: 1424.38
Tax Exemption: Unknown
Basement
Basement: Yes
Basement Heated: Yes
Basement Finished: Yes
Income & Expenses
Annual Gross Income: 29400
Sales Info
Trade/Xch Considered: Yes
# of Unit Types (1)
# of Units: 1
# of Bedrooms: 2
# Baths: 1
Approx. SqFt: 825
Actual Rent: 895
Max Rent: 950
Market Rent: 895
# of Unit Types (2)
# of Units: 1
# of Bedrooms: 2
# Baths: 1
Approx. SqFt: 825
Actual Rent: 895
Max Rent: 950
Market Rent: 895
# of Unit Types (3)
# of Units: 1
# of Bedrooms: 1
# Baths: 1
Approx. SqFt: 600
Actual Rent: 895
Max Rent: 950
Market Rent: 895
Unit Summary
Total Units: 3
Average Unit Size: 750
Average Actual Rent: 895
Annualized: 32220
Total Actual Rent: 2685
Property Features
Construction: Frame
Exterior Material: Stucco
Build Description: Resale
Amenities: Laundry Community
Appliances included: Frestnd Gas Stv/Ovn; Refrigerator
Utilities: Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected
Heating: Wall Unit
Cooling: Evaporative Cooling
Flooring: Carpet; Tile
Electric Provider: Public Utility
Electric: None
Miscellaneous Info: No Sign
Metering: All Master Metering
Owner Pays: Sewer; Trash Removal; Water
Tenant Pays: Electric; Gas
Roof: Flat; Pitched
Rental Info: Other - See Remarks
Trade/Xch Terms: Equity See LO/SO; Trade for Home (H); Trade for Home (L); Trade for Other RE
Finance Considered: Cash; Conventional; FHA; Owner Financing
Zoning: R-ML*
Listing Office: PS Properties
Last Updated: February - 14 - 2024
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