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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
Listing Office: Re/Max Gallery
Last Updated: April - 19 - 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.