544 Madeira Drive SE, Albuquerque, NM 87108
$205,000
Property Type:
Residential Income
Square Footage:
3,687
Lot Size (sq. ft.):
6,970
Status:
Closed
Current Price:
$205,000
List Date:
2/23/2018
Last Modified:
7/10/2018
Description
This 4-plex has been managed by the same property management company for over 5 years. The units are all separately metered for gas and electric (the tenants pay their own usage) and at the end of the building there is a larger 2 story unit if the owner/manager would like to occupy a unit. The units are very popular due to the close proximity to shopping. The common areas have also been well maintained by a monthly landscape service. Each unit comes with a range, refrigerator, and washer/dryer hookups. The sellers would like to sell this property together with 536 Madeira (MLS #911760) and 540 Madeira (MLS #911762) combining the prices for the three 4-plexes (12 units total). This is not a Short Sale or Foreclosure. Please don't disturb the tenants. Any viewings subject to accepted offer.
More Information MLS# 911765
Status Change Info
Pending Date: 2018-03-16
Closing Date: 2018-05-21
Contract Information
Listing Price: 205000
Current Price: $205,000
List Price/SqFt: 55.6
Status: Closed
Bank Owned: No
Location
Street #: 544
Street Name: Madeira
St Suffix: Drive
Post Direction: SE
County: Bernalillo
City/Town Code: Albuquerque
State/Province: NM
Zip Code: 87108
Zip +4: 2980
Geo Lat: 35.071159
Geo Lon: -106.583791
Area: 71 - Southeast Heights
Zone Atlas: L18
City/County Data
UPC Code: 101805607646922701
Subdivision: H F Hollingberys
General Property Description
# of Units: 4
5+ Units: No
Property Sub-Type: Four Plex
Apx Structured SqFt: 3687
SqFt Source: Broker
Lot Size Source: On-Line
Acres: 0.16
Lot SqFt: 6969.6
Directions: East on Zuni from San Mateo, South on Madeira (there is no sign)
Stories: 2
Total # of Buildings: 1
Year Built: 1963
Disability Access: Unknown
LBP Disclosure: Yes
Builder: Unknown
Owner Occupant Unit: Yes
Tax & Legal Info
GRT Code: 02-100
Current Taxes: 2254.66
Tax Exemption: No
Basement
Basement: No
Sales Info
Trade/Xch Considered: No
# of Unit Types (1)
# of Units: 1
# of Bedrooms: 2
# Baths: 1
Approx. SqFt: 854
Actual Rent: 595
Max Rent: 650
Market Rent: 650
# of Unit Types (2)
# of Units: 1
# of Bedrooms: 2
# Baths: 1
Approx. SqFt: 854
Actual Rent: 600
Max Rent: 650
Market Rent: 650
# of Unit Types (3)
# of Units: 1
# of Bedrooms: 2
# Baths: 1
Approx. SqFt: 854
Actual Rent: 570
Max Rent: 650
Market Rent: 650
# of Unit Types (4)
# of Units: 1
# of Bedrooms: 2
# Baths: 1
Approx. SqFt: 1125
Actual Rent: 625
Max Rent: 750
Market Rent: 750
Unit Summary
Total Units: 4
Average Unit Size: 921.75
Average Actual Rent: 597.5
Annualized: 28680
Total Actual Rent: 2390
Property Features
Construction: Block; Frame
Exterior Material: Brick Veneer; Brick/Wainscoting; Stucco
Build Description: Resale
Amenities: Enclosed Yard; Outside Lights; Owners Unit; Private Patios; Some Landscaping; 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: Evaporative Cooling
Flooring: Carpet; Vinyl
Operating Expenses: Insurance; Property Management; Property Taxes; Repairs/Maintenance; Utilities
Owner Pays: Maintenance; Sewer; Trash Removal; Water
Tenant Pays: Electric; Gas
Parking: 1.5 Spaces Per Unit; Paved Lot
Roof: Pitched; Shingle
Rental Info: Call Listing Broker; Current Lse Agreemnt; Deposits; Late Fees; Month To Month; Pet Deposit; Rental History Avail; Yearly Lease
Finance Considered: Cash; Conventional; FHA; VA
Zoning: R-3
Listing Office: Cottonwood Realty
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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