541 Palomas Drive SE, Albuquerque, NM 87108
$200,000
Property Type:
Residential Income
Square Footage:
3,616
Lot Size (sq. ft.):
6,534
Status:
Closed
Current Price:
$200,000
List Date:
7/14/2016
Last Modified:
7/10/2018
Description
Great Investment Opportunity! Was owner occupied until last month. All units rented at this time except owner's unit. Lots of upgrades in the past several years. Unit A was fully remodeled with new flooring, kitchen, tub, and new hot water heater. Units A, B, and D have new furnaces only 6 months old. Refrigerator and stove in units A, B, & C are only 2 years old. Roof was repaired in 2014. All units include their own stove, refrigerator, water heater, furnace, and swamp cooler. You can't go wrong with this 4-plex. Tenants pay their own gas and electric with owner paying only water. Come see for yourself what a great income opportunity this property offers especially for Veterans with no money down and others willing to be an owner occupant.
More Information MLS# 871027
Status Change Info
Pending Date: 2016-08-28
Closing Date: 2016-09-20
Contract Information
Listing Price: 200000
Current Price: $200,000
List Price/SqFt: 55.31
Status: Closed
Bank Owned: No
Location
Street #: 541
Street Name: Palomas
St Suffix: Drive
Post Direction: SE
County: Bernalillo
City/Town Code: Albuquerque
State/Province: NM
Zip Code: 87108
Zip +4: 3697
Geo Lat: 35.071283
Geo Lon: -106.583335
Area: 71 - Southeast Heights
Zone Atlas: L18
City/County Data
UPC Code: 101805608947522703
Subdivision: H F Hollinberrys
General Property Description
# of Units: 4
5+ Units: No
Property Sub-Type: Four Plex
Apx Structured SqFt: 3616
SqFt Source: Broker
Lot Size Source: On-Line
Acres: 0.15
Lot SqFt: 6534
Directions: From San Mateo and Zuni, East to Palomas, South to property on right.
Stories: 1
Total # of Buildings: 1
Year Built: 1963
# Parking Spaces: 5
Disability Access: No
LBP Disclosure: Yes
Builder: Unknown
Owner Occupant Unit: No
Tax & Legal Info
GRT Code: 02-100
Current Taxes: 2349.68
Tax Exemption: Unknown
Basement
Basement: No
Income & Expenses
Annual Gross Income: 26400
Operating Expenses: 2400
Sales Info
Trade/Xch Considered: No
# of Unit Types (1)
# of Units: 1
# of Bedrooms: 2
# Baths: 1
Approx. SqFt: 875
Actual Rent: 575
Max Rent: 600
Market Rent: 600
# of Unit Types (2)
# of Units: 1
# of Bedrooms: 2
# Baths: 1
Approx. SqFt: 875
Actual Rent: 575
Max Rent: 600
Market Rent: 600
# of Unit Types (3)
# of Units: 1
# of Bedrooms: 2
# Baths: 1
Approx. SqFt: 875
Actual Rent: 525
Max Rent: 600
Market Rent: 600
# of Unit Types (4)
# of Units: 1
# of Bedrooms: 2
# Baths: 1.5
Approx. SqFt: 950
Actual Rent: 550
Max Rent: 650
Market Rent: 650
Unit Summary
Total Units: 4
Average Unit Size: 893.75
Average Actual Rent: 556.25
Annualized: 26700
Total Actual Rent: 2225
Property Features
Construction: Brick; Frame
Exterior Material: Brick Veneer
Amenities: Wshr/Dryr HU in Unit
Appliances included: Dryer H/U; Frestnd Elec Stv/Ovn; Range Hood; Refrigerator; Washer H/U
Utilities: All City
Heating: Central Forced Air; Gas
Cooling: Central Air; Evaporative Cooling
Flooring: Carpet; Vinyl; Wood
Metering: Individual Electric; Individual Gas
Operating Expenses: Call Listing Broker
Owner Pays: Water
Tenant Pays: Electric; Gas
Parking: Paved Lot
Roof: Pitched; Shingle
Rental Info: Month To Month; Yearly Lease
Finance Considered: Cash; Conventional; FHA; VA
Source: Owner Provided
Zoning: R-3
Listing Office: Coldwell Banker Legacy
Last Updated: July - 10 - 2018
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
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