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
APOD ›Listing Office: Real Broker
Last Updated: April - 26 - 2024
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