2900 Palo Verde Drive NE, Albuquerque, NM 87112
New Listing
$637,500
Property Type:
Residential Income
Lot Size (sq. ft.):
8,276
Status:
Active
Current Price:
$637,500
List Date:
5/10/2024
Last Modified:
5/16/2024
Description
Explore prime investment potential in this Albuquerque fourplex! Situated in the sought-after Foothills area east of Tramway Blvd, this property offers a rare opportunity. Each unit features desirable amenities like in-unit washer/dryer and stylish tile/wood floors, and fireplaces. TPO roof and other upgrades in the last few years. Plus, tenants will enjoy outdoor space with enclosed backyards. 1.5 parking spaces per unit (6 total) and a stable 5.6% cap rate from full occupancy, this investment is a solid choice for savvy investors. Don't let this rare chance slip by!
More Information MLS# 1062424
Contract Information
Listing Price: 637500
Current Price: $637,500
Status: Active
Bank Owned: No
Location
Street #: 2900
Street Name: Palo Verde
St Suffix: Drive
Post Direction: NE
County: Bernalillo
City/Town Code: Albuquerque
State/Province: NM
Zip Code: 87112
Zip +4: 2166
Geo Lat: 35.114139
Geo Lon: -106.496181
Area: 51 - Foothills South
Zone Atlas: H23
City/County Data
UPC Code: 102305904348720326
General Property Description
# of Units: 4
5+ Units: No
Property Sub-Type: Four Plex
Lot Size Source: On-Line
Acres: 0.19
Lot SqFt: 8276.4
Directions: Tramway and Candelaria
Stories: 1
Total # of Buildings: 1
Year Built: 1979
Age: Select One
Disability Access: Unknown
LBP Disclosure: No
Builder: Unknown
Owner Occupant Unit: No
Flood Zone: X
Tax & Legal Info
GRT Code: 02-100
Current Taxes: 4734.26
Tax Exemption: Unknown
Cooling
Centrally Ducted: Yes
Basement
Basement: No
Income & Expenses
Annual Gross Income: 58200
Operating Expenses: 21784
Sales Info
Trade/Xch Considered: No
# of Unit Types (1)
# of Units: 2
# of Bedrooms: 1
# Baths: 1
Actual Rent: 1100
# of Unit Types (2)
# of Units: 2
# of Bedrooms: 2
# Baths: 1
Actual Rent: 1450
Unit Summary
Total Units: 4
Average Actual Rent: 1275
Annualized: 61200
Total Actual Rent: 5100
Property Features
Construction: Frame
Exterior Material: Stucco
Build Description: Resale
Amenities: Enclosed Yard; Fireplace Some Units; Outside Lights; Wshr/Dryr HU in Unit
Appliances included: Dishwasher; Dryer; Dryer H/U; Frestnd Elec Stv/Ovn; Refrigerator; Washer; Washer H/U
Utilities: Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected
Heating: Central Forced Air
Cooling: Evaporative Cooling
Flooring: Tile; Wood
Green Energy Generation: None
Electric Provider: Public Utility
Metering: Individual Electric; Individual Gas
Owner Pays: Maintenance; Sewer; Trash Removal; Water
Tenant Pays: Electric; Gas
Parking: 1.5 Spaces Per Unit
Roof: Flat
Rental Info: Month To Month; Yearly Lease
Finance Considered: Cash; Conventional
Zoning: PD*
Tax Levy Disclosure ›Listing Office: 360 Ventures Real Estate
Last Updated: May - 16 - 2024
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