8401 MARQUETTE Avenue NE, Albuquerque, NM 87108
$249,900
Property Type:
Residential Income
Square Footage:
3,420
Lot Size (sq. ft.):
8,756
Status:
Closed
Current Price:
$249,900
List Date:
3/25/2020
Last Modified:
9/05/2023
Description
Turnkey four plex in the Northeast. At $700 monthly per apartment the property produces Gross Annual Rents of $33,600. Cap rate is 8.68% and GRM is 7.43. All units are two bedroom one bath apartments open living/dining room areas. Each apartment comes with its own set of full-size washer and dryer. All four units are separately metered and tenants pay for gas and electricity. Large parking lot allows for additional parking. This is a well-maintained building with newer windows. Please do not walk the property or disturb tenants. Offer subject to inspections.
More Information MLS# 965189
Status Change Info
Pending Date: 2020-05-19
Closing Date: 2020-06-30
Contract Information
Listing Price: 249900
Current Price: $249,900
List Price/SqFt: 73.07
Status: Closed
Allowance/Concession: No
Bank Owned: No
Location
Street #: 8401
Street Name: MARQUETTE
St Suffix: Avenue
Post Direction: NE
County: Bernalillo
City/Town Code: Albuquerque
State/Province: NM
Zip Code: 87108
Zip +4: 2454
Geo Lat: 35.083996
Geo Lon: -106.553614
Area: 70 - Fairgrounds
Zone Atlas: K19
City/County Data
UPC Code: 101905745040811404
General Property Description
# of Units: 4
5+ Units: No
Property Sub-Type: Four Plex
Apx Structured SqFt: 3420
SqFt Source: Broker
Lot Size Source: On-Line
Acres: 0.2
Lot SqFt: 8755.56
Directions: From Lomas & Wyoming, south on Wyoming to Marquette. West on Marquette to property.
Stories: 2
Total # of Buildings: 1
Year Built: 1977
Age: 41 - 50
Disability Access: Unknown
LBP Disclosure: Yes
Builder: Unknown
Owner Occupant Unit: No
Tax & Legal Info
GRT Code: 02-100
Current Taxes: 2947
Tax Exemption: Unknown
Basement
Basement: No
Sales Info
Trade/Xch Considered: No
# of Unit Types (1)
# of Units: 4
# of Bedrooms: 2
# Baths: 1
Approx. SqFt: 800
Actual Rent: 700
Max Rent: 715
Market Rent: 700
Unit Summary
Total Units: 4
Average Unit Size: 800
Average Actual Rent: 700
Annualized: 33600
Total Actual Rent: 2800
Property Features
Construction: Frame
Exterior Material: Stucco
Build Description: Resale
Amenities: Some Landscaping
Appliances included: Frestnd Gas Stv/Ovn
Utilities: Cable Available; Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected
Heating: Central Forced Air
Cooling: Evaporative Cooling
Flooring: Carpet; Laminate; Tile
Electric Provider: Public Utility
Electric: None
Operating Expenses: All
Owner Pays: Sewer; Trash Removal; Water
Tenant Pays: Electric; Gas
Parking: 2+Spaces Per Unit; Guest Parking; Paved Lot
Roof: Flat
Rental Info: 6 Month; Month To Month
Finance Considered: Cash; Conventional; FHA; VA
Source: Actual Record; Owner Provided
Zoning: R-ML*
Listing Office: ABQ Properties LLC
Last Updated: September - 05 - 2023
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