
Property Attributes
- MLS#1006633
- TypeMulti-Family
- CountyBERNALILLO
- CityAlbuquerque
- AreaSoutheast Heights
- NeighborhoodLot 5 - Block 2 - Unity Addition
- Zip87108
- StyleQuadruplex
- Year Built1980
- Taxes$ 1951
- Price$ 326,031
- Bedrooms2
- Full Bathrooms1
- Half Bathrooms0
- Sqr Footage3000
- Lot Size6,970 SqFt
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? Or that fourplexes in Q1-2022 appreciated an additional 12%?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 lower income (average rents of $669) and at the ask price of $326,031 the measures of investment performance include a GRM of 10.16, a before reserves cap rate of 5.87% and an after tax IRR of 15.40%. If rents are raised to the market of $875, the measures of investment performance improve to a cap rate of 7.99%
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 |
Heating | Central, Forced Air |
Levels | Two |
Listing Agent State License | 13711 |
Lot Size Square Feet | 6969.6 |
MLS Area | 71 - Southeast Heights |
Property Condition | Resale |
Property Sub Type Additional | Quadruplex |
Property SubType | Quadruplex |
Property Type | Residential Income |
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 |
---|---|
Flooring | Vinyl |
Heating Y/N | Yes |
Total Baths | 1 |
Total Bedrooms | 2 |
Exterior Features
Living Area | 3000 |
---|---|
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