545 Palomas Drive SE, Albuquerque, NM 87108
$462,000
Property Type:
Residential Income
Square Footage:
3,664
Lot Size (sq. ft.):
6,970
Status:
Pending
Current Price:
$462,000
List Date:
12/28/2023
Last Modified:
4/23/2024
Description
Buy N Hold Alert!!! Turn-KEY!!! Property is rented for $1149, 1149, and $1099 a month with one vacant currently listed for rent. Property has a 8-10% cap rate. Tenants are seasoned and pay all utilities except water, sewer, and trash. NO HOA. The Property: FOUR Freshly painted 2 bedrooms, 1 baths with a lot of money put in!! Includes all the appliances. EACH comes with its OWN BACKYARD, washer/dryer hookups, and designated parking. Brand new roof, newer furnaces and hot-water heaters. The Area: You won't believe the area as it's right next to Nob Hill, EXPO New Mexico State Fair grounds and The Downs Casino, Albuquerque International Airport, and in fact, it is only a 5 minute drive to University of New Mexico!
Supplements: Contact me for showings. Vacant unit is available for showing.
More Information MLS# 1054715
Status Change Info
Pending Date: 2024-04-19
Contract Information
Listing Price: 462000
Current Price: $462,000
List Price/SqFt: 126.09
Status: Pending
Bank Owned: No
Location
Street #: 545
Street Name: Palomas
St Suffix: Drive
Post Direction: SE
County: Bernalillo
City/Town Code: Albuquerque
State/Province: NM
Zip Code: 87108
Zip +4: 3698
Geo Lat: 35.071156
Geo Lon: -106.583348
Area: 71 - Southeast Heights
Zone Atlas: L18
City/County Data
UPC Code: 101805608946922702
General Property Description
# of Units: 4
5+ Units: No
Property Sub-Type: Four Plex
Apx Structured SqFt: 3664
SqFt Source: Broker
Lot Size Source: Broker
Acres: 0.16
Lot SqFt: 6969.6
Directions: From San Mateo South, turn left onto Zuni. Take the 3rd right on Palomas. Home is on the right on the northwest corner of Bell and Palomas.
Stories: 2
Total Stories in Bldg: 2
Total # of Buildings: 1
Year Built: 1963
Age: 51 - 60
Disability Access: No
LBP Disclosure: Yes
Builder: Unknown
Owner Occupant Unit: No
Flood Zone: X
Tax & Legal Info
GRT Code: 02-100
Current Taxes: 2688.56
Tax Exemption: No
Basement
Basement: No
Income & Expenses
Annual Gross Income: 40764
Sales Info
Trade/Xch Considered: No
# of Unit Types (4)
# of Units: 4
# of Bedrooms: 2
# Baths: 1
Approx. SqFt: 750
Actual Rent: 1149
Max Rent: 1349
Market Rent: 1149
Unit Summary
Total Units: 4
Average Unit Size: 750
Average Actual Rent: 1149
Annualized: 55152
Total Actual Rent: 4596
Property Features
Construction: Brick
Exterior Material: Brick Veneer
Build Description: Resale
Amenities: Enclosed Yard; Outside Lights; Private Patios; Wshr/Dryr HU in Unit
Appliances included: Disposal; Dryer H/U; Fan/Hood; Refrigerator; Washer H/U
Utilities: Electricity Connected; Natural Gas Available; Sewer Connected; Water Connected
Heating: Central Forced Air
Cooling: Evaporative Cooling
Flooring: Carpet; Tile
Green Energy Generation: None
Power Production Ownership: Seller Owned
Electric Provider: Public Utility
Metering: Individual Electric; Individual Gas
Owner Pays: Sewer; Trash Removal; Water
Tenant Pays: Electric; Gas
Parking: 1.5 Spaces Per Unit
Roof: Shingle
Rental Info: Yearly Lease
Finance Considered: Cash; Conventional; FHA; VA
Zoning: R-MH*
Documents
Tax Levy Disclosure ›Listing Office: EA Property Management
Last Updated: April - 23 - 2024
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