523 Iron Avenue SW, Albuquerque, NM 87102
$475,000
Property Type:
Residential Income
Square Footage:
1,652
Lot Size (sq. ft.):
8,276
Status:
Closed
Current Price:
$475,000
List Date:
7/21/2023
Last Modified:
3/15/2024
Description
Unique! Move-in ready duplex live-in/investment opportunity: instant rental income! A lovingly restored 1930's home with all the modern upgrades. Full electrical rewire, new 200 amp service to each unit & new panels. Upgraded plumbing including removal of lead drains & galvanized water pipes. Units are 100% electric with NEW: mini-split heating/cooling, water heaters, washers and dryers. Kitchens remodeled with new appliances & butcher block counters. Remodeled bathrooms with new commodes. All wood floors refinished, and new tile everywhere else. Lots of new energy-efficient, style-matched windows. Adorable bonus space could be storage, kitty condo, nap zone, or play space! New paint inside & out & new LED light fixtures. Fenced lot; WALKING DISTANCE to Zoo & Paseo del Bosque Bike Trail!
More Information MLS# 1038382
Status Change Info
Pending Date: 2023-09-01
Closing Date: 2023-09-25
Contract Information
Listing Price: 475000
Current Price: $475,000
List Price/SqFt: 287.53
Status: Closed
Bank Owned: No
Location
Street #: 523
Street Name: Iron
St Suffix: Avenue
Post Direction: SW
County: Bernalillo
City/Town Code: Albuquerque
State/Province: NM
Zip Code: 87102
Zip +4: 3823
Geo Lat: 35.080194
Geo Lon: -106.654721
Area: 80 - Downtown Area
Zone Atlas: K14
City/County Data
UPC Code: 101405707627120301
General Property Description
# of Units: 2
5+ Units: No
Property Sub-Type: Duplex
Apx Structured SqFt: 1652
SqFt Source: Floorplan
Apx Lot Dim Front: N
Apx Lot Dim Side: Ground
Lot Size Source: On-Line
Acres: 0.19
Lot SqFt: 8276.4
Directions: Take I-40 to 6th Street exit go south to the corner of Iron and 6th on the east side of street facing South
Stories: 2
Total # of Buildings: 2
Year Built: 1908
Age: 81 - 99
# Parking Spaces: 1
Disability Access: Unknown
LBP Disclosure: Yes
Builder: Unknown
Owner Occupant Unit: No
Flood Zone: X
Tax & Legal Info
GRT Code: 02-100
Current Taxes: 1652.9
Tax Exemption: No
Basement
Basement: No
Sales Info
Trade/Xch Considered: No
# of Unit Types (1)
# of Units: 1
# of Bedrooms: 1
# Baths: 1
Approx. SqFt: 710
Actual Rent: 1000
Max Rent: 1300
Market Rent: 1200
# of Unit Types (2)
# of Units: 1
# of Bedrooms: 2
# Baths: 1
Approx. SqFt: 942
Actual Rent: 1800
Max Rent: 1900
Market Rent: 1800
Unit Summary
Total Units: 2
Average Unit Size: 826
Average Actual Rent: 1400
Annualized: 33600
Total Actual Rent: 2800
Property Features
Construction: Brick; Frame; Masonry
Exterior Material: Brick/Wainscoting; Wood Siding
Build Description: Resale
Amenities: Ceiling Fan(s)
Appliances included: Disposal; Frestnd Elec Stv/Ovn; Range Hood
Utilities: Electricity Connected; Sewer Connected; Water Connected
Heating: Ductless
Cooling: Refrigerated
Flooring: Tile; Wood
Green Energy Generation: None
Electric Provider: Public Utility
Miscellaneous Info: Land Lease
Owner Pays: Maintenance; Trash Removal
Tenant Pays: Electric; Water
Parking: 1 Garage; 2+Spaces Per Unit; Guest Parking; Unpaved
Roof: Pitched; Shingle
Rental Info: Current Lse Agreemnt
Finance Considered: Cash; Conventional; FHA
Zoning: R-MH*
Documents
ILR ›Listing Office: Coldwell Banker Legacy
Last Updated: March - 15 - 2024
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