513-515 Utah Street SE, Albuquerque, NM 87108 (MLS# 1058248)

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513-515 Utah Street SE, Albuquerque, NM 87108

$199,000
Property Type: Residential Income Square Footage: 1,575 Lot Size (sq. ft.): 6,970 Status: Pending
Current Price: $199,000 List Date: 4/16/2024 Last Modified: 4/16/2024

Description

Nestled in the heart of Albuquerque's vibrant International District, this duplex offers not just a residence, but a lifestyle tailored for both comfort and convenience. Each of the two units boasts 2 bedrooms, 1 bathroom, separate living rooms, and kitchens. With a spacious layout of 788 square feet per unit, these spaces are designed for modern living. Tenants will appreciate the thoughtful amenities provided, including a covered patio and courtyard in front with a small but private backyard perfect for pets, children, or gardening enthusiasts. Off-street parking for up to 2 vehicles per unit ensures convenience for residents and visitors alike. Additionally, each unit is equipped with a storage room, providing ample space to secure personal items. >>>MORE>>>

Supplements: Additionally, each unit is equipped with a storage room, providing ample space to secure personal items. These storage units could command an upcharge opportunity for the new owner or be offered as an inducement to improve the desirability as the current owner is doing. Generating steady income, each unit brings in $950 per month, with tenants responsible for gas and electric bills. Both tenants are currently on month-to-month leases, offering flexibility for new owners (rent them both or move-in to one and collect on the other). These units are characterized by their low maintenance features, with tile flooring throughout and separate metering for gas and electric, ensuring efficient utility management. The inclusion of in-unit laundry hook-ups adds to the market appeal because it provides tenants with added convenience. Owners could charge for W/D units and improve the income per unit. Whether you're a seasoned investor looking to expand your portfolio or a newcomer seeking stable income streams, this duplex presents an excellent investment opportunity. Don't miss out on the chance to secure a steady stream of rental income. Contact us today to explore this enticing investment opportunity!

More Information MLS# 1058248

Status Change Info

Pending Date: 2024-04-16

Contract Information

Listing Price: 199000 Current Price: $199,000 List Price/SqFt: 126.35 Status: Pending Bank Owned: No

Location

Street #: 513-515 Street Name: Utah St Suffix: Street Post Direction: SE County: Bernalillo City/Town Code: Albuquerque State/Province: NM Zip Code: 87108 Zip +4: 4218 Geo Lat: 35.068339 Geo Lon: -106.555183 Area: 71 - Southeast Heights Zone Atlas: L19

City/County Data

UPC Code: 101905639837610808

General Property Description

# of Units: 2 5+ Units: No Units for Sale: 2 Property Sub-Type: Duplex Apx Structured SqFt: 1575 SqFt Source: Broker Lot Size Source: On-Line Acres: 0.16 Lot SqFt: 6969.6 Directions: From I-40 Go South on Wyoming Blvd to Trumbull, Go West on Trumbull, Turn South on Utah, duplex will be on the West side. Stories: 1 Total Stories in Bldg: 1 Total # of Buildings: 1 Year Built: 1959 Year Built Source: Assessor Age: Select One # Parking Spaces: 4 Disability Access: Unknown LBP Disclosure: Yes Builder: Unknown Owner Occupant Unit: No Flood Zone: X

Tax & Legal Info

GRT Code: 02-100 Current Taxes: 1522.14 Tax Exemption: Unknown

Basement

Basement: No

Sales Info

Trade/Xch Considered: No

# of Unit Types (1)

# of Units: 2 # of Bedrooms: 2 # Baths: 1 Approx. SqFt: 788 Actual Rent: 950 Max Rent: 1150 Market Rent: 1050

Unit Summary

Total Units: 2 Average Unit Size: 788 Average Actual Rent: 950 Annualized: 22800 Total Actual Rent: 1900

Property Features

Construction: Frame Exterior Material: Stucco Build Description: Resale Amenities: Enclosed Yard; Outside Lights; Private Patios; Tenant Storage; Wshr/Dryr HU in Unit Appliances included: Dryer H/U; Frestnd Gas Stv/Ovn; Refrigerator; Washer H/U Utilities: Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected Heating: Wall Unit Cooling: Central Air; Evaporative Cooling Flooring: Tile Green Energy Generation: None Electric Provider: Public Utility Metering: Individual Electric; Individual Gas Owner Pays: Maintenance; Sewer; Trash Removal; Water Tenant Pays: Electric; Gas; Some Utilities Roof: Pitched Rental Info: Month To Month Finance Considered: Cash; Conventional; FHA; Owner Financing; VA Zoning: R-2
Listing Office: Welcome Home Realty
Last Updated: April - 16 - 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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