Address
126 Rhode Island Street SE Albuquerque, NM
Price
$ 308,963
Property Attributes
- MLS#1006633
- TypeMulti-Family
- CountyBERNALILLO
- CityAlbuquerque
- AreaSoutheast Heights
- NeighborhoodLot 5 - Block 2 - Unity Addition
- Zip87108
- StyleQuadruplex
- Year Built1980
- Taxes$ 1951
- Price$ 308,963
- Bedrooms2
- Full Bathrooms1
- Half Bathrooms0
- Sqr Footage3000
- Lot Size6,970 SqFt
Listing Provided Courtesy Of:
NM Apartment Advisors, Inc.
Data Source:
Southwest MLS (SWMLS)
Property Description
Did you know that the average fourplex sales price of $322,844 reflects an appreciation of 31% between 2020 to 2021? Or that 25% of the fourplex market is in product that sold for more than $400,000?The fourplexes can be bought individually or together as they sit on their own individual lots.Each property has had recent renovations including new roofs (2017-2018) and upgrades.126 Rhode Island SE has slightly higher income (average rents of $638) and at the ask price of $308,963 the measures of investment performance include a GRM of 10.10, a before reserves cap rate of 5.74% and an after tax IRR of 16.00%. If rents are raised to the market of $750, the measures of investment performance improve to a cap rate of 6.83%, and cash on cash of 10.01%
| Price History | |
|---|---|
| 1/3/2022 | Listed $308,963 |
General Features
| Additional Parcels Y/N | Yes |
|---|---|
| Appliances | Refrigerator |
| Construction Materials | Frame |
| Cooling | Evaporative Cooling |
| Electric | None |
| Flooring | Vinyl |
| Heating | Central, Forced Air |
| Levels | Two |
| Listing Agent State License | 13711 |
| Lot Size Square Feet | 6970 |
| MLS Area | 71 - Southeast Heights |
| Property Sub Type Additional | Quadruplex |
| Property SubType | Quadruplex |
| Property Type | Residential Income |
| PropertyCondition | Resale |
| Status | Active |
| Stories | 2 |
| Subdivision Name | Lot 5, Block 2, Unity Addition |
| Terms | Cash, Conventional, FHA, VA Loan |
| Total Units | 4 |
| Utilities | Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected |
| Zoning Description | MX-L* |
Interior Features
| Air Conditioning Y/N | Yes |
|---|---|
| Heating Y/N | Yes |
| Living Area | 3000 |
| Total Baths | 1 |
| Total Bedrooms | 2 |
Exterior Features
| Lot Size Acres | 0.16 |
|---|---|
| Lot Size Source | Public Records |
| Number of Buildings | 1 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 87108
Price
Taxes
Visits
Year Built
Walkscore
IDX information © 2022 The Southwest Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by The Southwest Multiple Listing Service or Simply Real Estate. Data last updated: January 22, 2022 6:57 PM UTC
