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566 Hwy 165, Placitas, NM 87043
$649,900
Property Type:
Residential Income
Lot Size (sq. ft.):
113,256
Status:
Closed
Current Price:
$649,900
List Date:
9/07/2023
Last Modified:
4/26/2024
Description
Discover this stunning multi-family/mixed-use property located in Placitas. Spanning 2.6 acres with four existing buildings (2 SF Houses, 2 Modular-Apt Units Mercantile Commercial Building), this property is currently yielding $6800 per month, with the potential to bring in 80k+ per year! If you've always dreamed of investing in income-generating assets, this property is an excellent opportunity. Situated just beyond the charming village of Placitas, this property not only promises a lucrative financial return but also an enchanting location. A truly remarkable investment opportunity awaits! Please do not disturb tenants!
More Information MLS# 1041089
Status Change Info
Pending Date: 2024-02-12
Closing Date: 2024-04-25
Contract Information
Listing Price: 649900
Current Price: $649,900
Status: Closed
Allowance/Concession: No
Bank Owned: No
Location
Street #: 566
Street Name: Hwy 165
County: Sandoval
City/Town Code: Placitas
State/Province: NM
Zip Code: 87043
Geo Lat: 35.306703
Geo Lon: -106.438925
Area: 180 - Placitas Area
Zone Atlas: NOZA
City/County Data
UPC Code: 1026073140080
General Property Description
# of Units: 5
5+ Units: Yes
Units for Sale: 5
Property Sub-Type: 5 Units
SqFt Source: Professional
Lot Size Source: On-Line
Acres: 2.6
Lot SqFt: 113256
Directions: I25 Exit 242 head east on NM HWY 165 go 5.7 Miles , property is on right
Stories: 2
Total # of Buildings: 4
Year Built: 1950
Age: Select One
Disability Access: Unknown
LBP Disclosure: Yes
Builder: unknown
Owner Occupant Unit: No
Flood Zone: X
Tax & Legal Info
GRT Code: 29-029
Current Taxes: 4900
Tax Exemption: No
Basement
Basement: No
Income & Expenses
Annual Gross Income: 70800
Sales Info
Trade/Xch Considered: Yes
# of Unit Types (1)
# of Units: 1
# Baths: 1
Style: Studio
Approx. SqFt: 750
Actual Rent: 950
Max Rent: 1000
Market Rent: 1000
# of Unit Types (2)
# of Units: 1
# of Bedrooms: 2
# Baths: 2
Style: Mercantile
Approx. SqFt: 2000
Actual Rent: 2500
Max Rent: 2500
Market Rent: 2500
# of Unit Types (3)
# of Units: 1
# of Bedrooms: 2
# Baths: 2
Style: 2 Story Home
Approx. SqFt: 1300
Actual Rent: 1300
Max Rent: 1650
Market Rent: 1650
# of Unit Types (4)
# of Units: 1
# of Bedrooms: 2
# Baths: 2
Style: 1 Story
Approx. SqFt: 1300
Actual Rent: 1100
Max Rent: 1500
Market Rent: 1500
# of Unit Types (5)
# of Units: 1
# of Bedrooms: 2
# Baths: 1
Approx. SqFt: 750
Actual Rent: 1000
Max Rent: 1250
Market Rent: 1250
Unit Summary
Total Units: 5
Average Unit Size: 1220
Average Actual Rent: 1370
Annualized: 82200
Total Actual Rent: 6850
Property Features
Construction: Block; Frame; Metal
Exterior Material: None
Build Description: Resale
Amenities: Private Patios
Appliances included: None
Utilities: See Remarks
Heating: Other - See Remarks
Cooling: Other
Flooring: See Remarks
Green Energy Generation: None
Electric Provider: Public Utility
Miscellaneous Info: Package
Owner Pays: Other - See Remarks
Tenant Pays: Other - See Remarks
Parking: 1 Space Per Unit
Rental Info: Other - See Remarks
Trade/Xch Terms: Trade for Other RE
Finance Considered: Cash; Other - See Remarks
Zoning: RC
Listing Office: Real Broker
Last Updated: April - 26 - 2024
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
Some of the information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers' personal, non-commercial use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.