524 Cardenas Drive SE, Albuquerque, NM 87108
$165,000
Property Type:
Residential Income
Square Footage:
1,900
Lot Size (sq. ft.):
6,752
Status:
Closed
Current Price:
$165,000
List Date:
1/20/2021
Last Modified:
7/28/2021
Description
Positive cash-flowing triplex conveniently located near the airport, VA hospital, fairgrounds, the community college, and the university. Rentals are in high demand, and the seller has not had a problem keeping the units occupied. All units are currently occupied. The building has been managed, upgraded, and maintained throughout the years by the sellers, with annual maintenance done on the roof. Since owning the property, the sellers have also replaced the water heaters, updated the bathrooms and kitchens, and updated the electric and gas systems. All units individually metered for gas and electric. Each unit has separate storage, a private courtyard space, and two parking spaces. A great turn-key investment opportunity.
More Information MLS# 983046
Status Change Info
Pending Date: 2021-01-23
Closing Date: 2021-03-04
Contract Information
Listing Price: 165000
Current Price: $165,000
List Price/SqFt: 86.84
Status: Closed
Bank Owned: No
Location
Street #: 524
Street Name: Cardenas
St Suffix: Drive
Post Direction: SE
County: Bernalillo
City/Town Code: Albuquerque
State/Province: NM
Zip Code: 87108
Zip +4: 3786
Geo Lat: 35.071799
Geo Lon: -106.579373
Area: 71 - Southeast Heights
Zone Atlas: L18
City/County Data
UPC Code: 101805620749423120
General Property Description
# of Units: 3
5+ Units: No
Property Sub-Type: Triplex
Apx Structured SqFt: 1900
SqFt Source: Broker
Lot Size Source: On-Line
Acres: 0.16
Lot SqFt: 6751.8
Directions: From San Pedro Dr SE and Zuni Rd SE: West on Zuni to Cardenas Dr SE. Left on Cardenas to property on left.
Stories: 1
Total # of Buildings: 1
Year Built: 1960
Age: 51 - 60
Disability Access: Unknown
LBP Disclosure: Yes
Builder: Unknown
Owner Occupant Unit: No
Flood Zone: X
Tax & Legal Info
GRT Code: 02-100
Tax Exemption: Unknown
Basement
Basement: No
Sales Info
Trade/Xch Considered: No
# of Unit Types (1)
# of Units: 1
# of Bedrooms: 2
# Baths: 1
Approx. SqFt: 633
Actual Rent: 550
Max Rent: 550
Market Rent: 637
# of Unit Types (2)
# of Units: 1
# of Bedrooms: 2
# Baths: 1
Approx. SqFt: 633
Actual Rent: 600
Max Rent: 600
Market Rent: 637
# of Unit Types (3)
# of Units: 1
# of Bedrooms: 2
# Baths: 1
Approx. SqFt: 633
Actual Rent: 600
Max Rent: 600
Market Rent: 637
Unit Summary
Total Units: 3
Average Unit Size: 633
Average Actual Rent: 583.33
Annualized: 21000
Total Actual Rent: 1750
Property Features
Construction: Brick; Masonry
Exterior Material: Brick Veneer
Build Description: Resale
Amenities: Private Patios; Tenant Storage; Wshr/Dryr HU in Unit
Appliances included: Dryer H/U; Frestnd Gas Stv/Ovn; Refrigerator; Washer H/U
Utilities: Cable Connected; Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected
Heating: Central Forced Air; Wall Unit
Cooling: Evaporative Cooling
Flooring: Laminate; Tile
Electric Provider: Public Utility
Electric: None
Miscellaneous Info: Sign On Property
Metering: Individual Electric; Individual Gas
Owner Pays: Sewer; Trash Removal; Water
Tenant Pays: Electric; Gas
Parking: 2+Spaces Per Unit; Paved Lot
Roof: Flat; Tar Gravel
Rental Info: Yearly Lease
Finance Considered: Cash; Conventional; FHA; VA
Source: Owner Provided
Zoning: R-MH*
Lead Based Paint Addend ›Listing Office: Coldwell Banker Legacy
Last Updated: July - 28 - 2021
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