75 Darlene Road SE, Rio Rancho, NM 87124
$550,000
Property Type:
Residential Income
Lot Size (sq. ft.):
6,098
Status:
Active
Current Price:
$550,000
List Date:
4/14/2024
Last Modified:
4/30/2024
Description
Rio Rancho Fourplex!! - a prime investment opportunity in a rapidly growing and highly desirable location. Situated in one of Rio Rancho's convenient neighborhoods, this property offers a strategic investment in the heart of a high-appreciating area.
With four units, each boasting 2 bedrooms and 1 bathroom, and in unit W/D hookups this property is perfectly poised for healthy room for rent growth. Whether you're an investor seeking solid returns or a homeowner looking to offset mortgage costs, this property presents an enticing proposition.
Investing in this property means tapping into Rio Rancho's upward trajectory. As property values continue to rise in this dynamic market, you can expect your investment to appreciate significantly over time.
More Information MLS# 1060706
Contract Information
Listing Price: 550000
Current Price: $550,000
Status: Active
Bank Owned: No
Location
Street #: 75
Street Name: Darlene
St Suffix: Road
Post Direction: SE
County: Sandoval
City/Town Code: Rio Rancho
State/Province: NM
Zip Code: 87124
Zip +4: 2763
Geo Lat: 35.257293
Geo Lon: -106.70258
Area: 150 - Rio Rancho MiD
Zone Atlas: 52
City/County Data
UPC Code: R046176
General Property Description
# of Units: 4
5+ Units: No
Property Sub-Type: Four Plex
Lot Size Source: Survey
Acres: 0.14
Lot SqFt: 6098.4
Directions: google
Stories: 2
Total # of Buildings: 1
Year Built: 1980
Age: Select One
Disability Access: Unknown
LBP Disclosure: No
Builder: Unkown
Owner Occupant Unit: No
Flood Zone: X
Tax & Legal Info
GRT Code: 29-524
Current Taxes: 1828.48
Tax Exemption: Unknown
Cooling
Centrally Ducted: No
Basement
Basement: No
Sales Info
Trade/Xch Considered: No
# of Unit Types (1)
# of Units: 1
# of Bedrooms: 2
# Baths: 1
Approx. SqFt: 800
Actual Rent: 900
Max Rent: 1500
Market Rent: 1400
# of Unit Types (2)
# of Units: 1
# of Bedrooms: 2
# Baths: 1
Approx. SqFt: 800
Actual Rent: 780
Max Rent: 1500
Market Rent: 1400
# of Unit Types (3)
# of Units: 1
# of Bedrooms: 2
# Baths: 1
Approx. SqFt: 800
Actual Rent: 780
Max Rent: 1500
Market Rent: 1400
# of Unit Types (4)
# of Units: 1
# of Bedrooms: 2
# Baths: 1
Approx. SqFt: 800
Actual Rent: 945
Max Rent: 1500
Market Rent: 1400
Unit Summary
Total Units: 4
Average Unit Size: 800
Average Actual Rent: 851.25
Annualized: 40860
Total Actual Rent: 3405
Property Features
Construction: Frame
Exterior Material: Stucco
Build Description: Resale
Amenities: Balconies/Deck; Enclosed Yard; Wshr/Dryr HU in Unit
Appliances included: None
Utilities: Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected
Heating: Central Forced Air
Cooling: Evaporative Cooling
Flooring: Tile; See Remarks
Green Energy Generation: None
Electric Provider: Public Utility
Metering: Individual Electric; Individual Gas
Operating Expenses: Other - See Remarks
Owner Pays: Water
Tenant Pays: None
Rental Info: Month To Month; Other - See Remarks
Finance Considered: Cash; Conventional; FHA; VA
Zoning: R-3
Documents
Tax Levy Disclosure ›Listing Office: Rhino Realty Property Mgmt LLC
Last Updated: April - 30 - 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.