834 W Reinken Avenue, Belen, NM 87002
$225,000
Property Type:
Residential Income
Square Footage:
2,945
Lot Size (sq. ft.):
6,098
Status:
Active
Current Price:
$225,000
List Date:
3/24/2024
Last Modified:
4/19/2024
Description
Great investment opportunity in Belen. If you have been in the market for an income property with a ton of upside potential, here it is! These units are all very different from each other. The A frame has an open kitchen and living area, and one bedroom down stairs with a 3/4 bath, upstairs is one large bedroom with a full bath this measures about 1600sf. Unit C is a studio format with one large room, a kitchen area and a 3/4 bathroom with 544sf. Unit A is a 2 bedroom one bath with 758sf. Each unit has its own storage unit and parking.
More Information MLS# 1059438
Contract Information
Listing Price: 225000
Current Price: $225,000
List Price/SqFt: 76.4
Status: Active
Allowance/Concession: No
Bank Owned: No
Location
Street #: 834
Direction: W
Street Name: Reinken
St Suffix: Avenue
County: Valencia
City/Town Code: Belen
State/Province: NM
Zip Code: 87002
Geo Lat: 34.663867
Geo Lon: -106.778857
Area: 741 - Belen
Zone Atlas: QQQ6
City/County Data
UPC Code: 1007028056394000000
General Property Description
# of Units: 3
5+ Units: No
Property Sub-Type: Other - See Remarks
Apx Structured SqFt: 2945
SqFt Source: Broker
Lot Size Source: On-Line
Acres: 0.14
Lot SqFt: 6098
Directions: North East corner of 10th and Reinken take small easement from 10th or Reinken, it is L shaped.
Stories: 2
Total # of Buildings: 3
Year Built: 1990
Year Built Details: All units are very different but were all built in the 1990s
Year Built Source: Owner
Age: 31 - 40
# Parking Spaces: 3
Disability Access: No
LBP Disclosure: No
Builder: unknown
Owner Occupant Unit: No
Flood Zone: X
Tax & Legal Info
GRT Code: 14-129
Current Taxes: 1900
Tax Exemption: No
Basement
Basement: No
Income & Expenses
Annual Gross Income: 27600
Operating Expenses: 9300
Sales Info
Trade/Xch Considered: No
# of Unit Types (1)
# of Units: 1
# of Bedrooms: 2
# Baths: 1
Approx. SqFt: 758
Actual Rent: 1000
Max Rent: 1200
Market Rent: 1200
# of Unit Types (2)
# of Units: 1
# of Bedrooms: 2
# Baths: 2
Approx. SqFt: 1600
Actual Rent: 800
Max Rent: 1100
Market Rent: 1100
# of Unit Types (3)
# of Units: 1
# of Bedrooms: 1
# Baths: 1
Approx. SqFt: 544
Max Rent: 800
Market Rent: 800
Unit Summary
Total Units: 3
Average Unit Size: 967.33
Average Actual Rent: 600
Annualized: 21600
Total Actual Rent: 1800
Property Features
Construction: Frame
Exterior Material: Brick Veneer; Stucco; Wood Siding
Build Description: Resale
Amenities: Ceiling Fan(s)
Appliances included: Frestnd Elec Stv/Ovn; Refrigerator
Utilities: Cable Available; Electricity Connected; Natural Gas Not Available; Phone Available; Sewer Connected; Water Connected
Heating: Electric; Split System
Cooling: Window Units(s)
Flooring: Carpet; Laminate; Tile; Vinyl
Green Energy Generation: None
Electric Provider: Public Utility
Operating Expenses: Insurance; Property Taxes; Utilities
Owner Pays: Electric; Sewer; Trash Removal; Water
Tenant Pays: Electric
Parking: 1 Space Per Unit
Roof: Pitched; Shingle
Rental Info: Current Lse Agreemnt
Finance Considered: Cash; Conventional
Zoning: R-1
Documents
Tax Levy Disclosure ›Listing Office: Re/Max Gallery
Last Updated: April - 19 - 2024
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