801 Ortiz Drive SE, Albuquerque, NM 87108
$499,000
Property Type:
Residential Income
Square Footage:
2,437
Lot Size (sq. ft.):
7,841
Status:
Pending
Current Price:
$499,000
List Date:
1/04/2024
Last Modified:
4/22/2024
Description
Vacant units, completely updated over the last 3 years from with new stucco, Metal Roof, Windows, Paint, Security Bars, Refrigerated A/C, Windows, Water Heater and Appliances. All Tile flooring. Proforma Cap Rate from 6.0%. REC Considered at 50% down. Amazing and rare opportunity to invest in Albuquerque with a tenant ready 4 Plex. Contact Broker or Your Buyer Broker for Showings. Finance/Cash approved showings only. ''Exceptional income property opportunity! This well-maintained 4-plex boasts a prime location, offering a combination of modern amenities and classic charm. Each unit features spacious layouts, updated kitchens, and comfortable living spaces. With a strong rental history, this property promises a steady income stream. Take advantage of the thriving rental market.
More Information MLS# 1054932
Status Change Info
Pending Date: 2024-04-22
Contract Information
Listing Price: 499000
Current Price: $499,000
List Price/SqFt: 204.76
Status: Pending
Allowance/Concession: No
Bank Owned: No
Location
Street #: 801
Street Name: Ortiz
St Suffix: Drive
Post Direction: SE
County: Bernalillo
City/Town Code: Albuquerque
State/Province: NM
Zip Code: 87108
Zip +4: 3789
Geo Lat: 35.069046
Geo Lon: -106.585517
Area: 71 - Southeast Heights
Zone Atlas: L18
City/County Data
UPC Code: 101805602339320910
General Property Description
# of Units: 4
5+ Units: No
Property Sub-Type: Four Plex
Apx Structured SqFt: 2437
SqFt Source: Floorplan
Lot Size Source: On-Line
Acres: 0.18
Lot SqFt: 7840.8
Directions: San Mateo, East on Trumbell to Ortiz.
Stories: 1
Total Stories in Bldg: 1
Total # of Buildings: 1
Year Built: 1952
Year Built Source: Public Records
Age: 71 - 80
# Parking Spaces: 4
Disability Access: Unknown
LBP Disclosure: Yes
Builder: Unknown
Owner Occupant Unit: No
Flood Zone: X
Tax & Legal Info
GRT Code: 02-100
Current Taxes: 1291.9
Tax Exemption: Unknown
Basement
Basement: No
Sales Info
Trade/Xch Considered: No
# of Unit Types (1)
# of Units: 1
# of Bedrooms: 1
# Baths: 1
Approx. SqFt: 589
Max Rent: 950
Market Rent: 900
# of Unit Types (2)
# of Units: 1
# of Bedrooms: 1
# Baths: 1
Approx. SqFt: 583
Max Rent: 950
Market Rent: 800
# of Unit Types (3)
# of Units: 1
# of Bedrooms: 1
# Baths: 1
Approx. SqFt: 586
Max Rent: 950
Market Rent: 800
# of Unit Types (4)
# of Units: 1
# of Bedrooms: 1
# Baths: 1
Approx. SqFt: 679
Max Rent: 950
Market Rent: 800
Unit Summary
Total Units: 4
Average Unit Size: 609.25
Property Features
Construction: Frame
Exterior Material: Stucco
Build Description: Resale
Amenities: Ceiling Fan(s); Security Gate
Appliances included: Frestnd Gas Stv/Ovn; Refrigerator
Utilities: Electricity Connected; Natural Gas Available; Natural Gas Connected; Sewer Connected; Water Available; Water Connected
Heating: Central Forced Air
Cooling: Central Air; Refrigerated
Flooring: Tile
Green Energy Generation: None
Electric Provider: Public Utility
Miscellaneous Info: No Sign
Metering: Individual Electric; Individual Gas
Operating Expenses: Call Listing Broker
Owner Pays: Sewer; Water
Tenant Pays: Electric; Gas
Parking: 1 Space Per Unit
Roof: Metal
Rental Info: Call Listing Broker
Finance Considered: Cash; Conventional; Owner Financing; Other - See Remarks
Zoning: R-MH*
Listing Office: Berkshire Hathaway NM Prop
Last Updated: April - 22 - 2024
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