320 Cornell Drive SE, Albuquerque, NM 87106
New Listing
$495,000
Property Type:
Residential Income
Square Footage:
1,861
Lot Size (sq. ft.):
6,970
Status:
Active
Current Price:
$495,000
List Date:
5/07/2024
Last Modified:
5/08/2024
Description
Rare and coveted find... Outstanding medium term 3 unit rental property that has strong rental history discovered in PRIME UNM LOCATION just blocks from the university! This property has been meticulously maintained, recently & beautifully updated, units are separately metered, all have W/D units, and it's even enhanced w/picturesque low-maintenance xeriscaping featuring rocks, shrubs & trees w/watering easily controlled via phone app. All units have new kitchens w/granite, new plumbing in main house, and cozy ref air which tenants & landlords prefer. Newer roofs, water heaters, furnaces, thermal windows, and stucco. To make this turn-key operation complete seller is including ALL furniture / fixtures / equipment w/a listed price cash sale or selling separately to financed buyers.
More Information MLS# 1062077
Contract Information
Listing Price: 495000
Current Price: $495,000
List Price/SqFt: 265.99
Status: Active
Allowance/Concession: No
Bank Owned: No
Location
Street #: 320
Street Name: Cornell
St Suffix: Drive
Post Direction: SE
County: Bernalillo
City/Town Code: Albuquerque
State/Province: NM
Zip Code: 87106
Zip +4: 5510
Geo Lat: 35.076029
Geo Lon: -106.619189
Area: 42 - UNM South
Zone Atlas: K16
City/County Data
UPC Code: 101605708411631422
Subdivision: University Heights
General Property Description
# of Units: 3
5+ Units: No
Units for Sale: 3
Property Sub-Type: Triplex
Apx Structured SqFt: 1861
SqFt Source: Professional
Lot Size Source: On-Line
Acres: 0.16
Lot SqFt: 6969.6
Directions: From Coal & Cornell: North on Cornell to address. Property is on the east side of the street.
Stories: 1
Total Stories in Bldg: 1
Total # of Buildings: 3
Year Built: 1941
Year Built Source: Public Records
Age: 81 - 99
# Parking Spaces: 3
Disability Access: No
LBP Disclosure: Yes
Builder: Unknown
Owner Occupant Unit: No
Multiple Lots: One
Flood Zone: X
Tax & Legal Info
GRT Code: 02-100
Current Taxes: 4553.48
Tax Exemption: No
Cooling
Centrally Ducted: Yes
Basement
Basement: Yes
Basement Heated: No
Basement SqFt Incl: No
Basement Finished: No
Basement Entry/Exit: Interior Only
Sales Info
Trade/Xch Considered: No
# of Unit Types (1)
# of Units: 1
# of Bedrooms: 1
# Baths: 1
Style: Medium Term Rental
Approx. SqFt: 813
Actual Rent: 1795
Max Rent: 1795
Market Rent: 1795
# of Unit Types (2)
# of Units: 1
# of Bedrooms: 1
# Baths: 1
Style: Medium Term Rental
Approx. SqFt: 598
Actual Rent: 1595
Max Rent: 1595
Market Rent: 1595
# of Unit Types (3)
# of Units: 1
# of Bedrooms: 1
# Baths: 1
Style: Medium Term Rental
Approx. SqFt: 450
Actual Rent: 1495
Max Rent: 1495
Market Rent: 1495
Unit Summary
Total Units: 3
Average Unit Size: 620.33
Average Actual Rent: 1628.33
Annualized: 58620
Total Actual Rent: 4885
Property Features
Construction: Adobe; Block
Exterior Material: Stucco
Build Description: Resale
Amenities: Wshr/Dryr HU in Unit
Appliances included: Refrigerator
Utilities: Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected
Heating: Central Forced Air
Cooling: Refrigerated
Flooring: Tile; Vinyl
Green Energy Generation: None
Electric Provider: Public Utility
Electric: Net Meter
Miscellaneous Info: All Furnished; No Sign
Metering: Individual Electric
Operating Expenses: Property Taxes; Repairs/Maintenance; Utilities
Owner Pays: Electric; Gas; Sewer; Trash Removal; Water
Tenant Pays: No Utilities
Parking: 2+Spaces Per Unit
Roof: Flat; Pitched; Shingle
Rental Info: Current Lse Agreemnt; Rental History Avail
Finance Considered: Cash; Conventional
Zoning: R-ML*
Documents
Lead Based Paint ›Listing Office: Realty One of New Mexico
Last Updated: May - 08 - 2024
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