311 Princeton DR SE Active Save Request In-Person Tour Request Virtual Tour
Albuquerque,NM 87106
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,709 sqft
Price per Sqft $163
Subdivision University Heights Addition
MLS Listing ID 1061818
Bedrooms 2
Construction Status Resale
HOA Y/N No
Year Built 1940
Annual Tax Amount $3,601
Lot Size 6,969 Sqft
Acres 0.16
Lot Dimensions Public Records
Property Description
311 Princeton SE is located just 3 blocks to UNMs main campus with quick and immediate access to an ART Stop and all that downtown and Nob Hill have to offer. With a 77 Walk Score, 85 Bike Score and a Transit score of 43, and is in the epi-center of the UNM/CNM campuses and is just steps from the Smiths Grocery store.Measures of investment performance at ask price of $442,446 and current average rent of $1,150 are a GRM of 10.69, a 6.37% cap rate, $147,482 per unit, $163.32/sf. Ten recent closed or pending sales indicate a value closer to $469,033.Sellers are willing to offer up to $21,982 in credits to a buyer who secures an FHA owner occupant loan. According to lender, Kevin Caudill, at Bank of Albuquerque, this would drive the interest rate down to 5.00% for 30 years ,
Location
State NM
County Bernalillo
Area 42 - Unm South
Interior
Heating Central, Forced Air
Cooling Evaporative Cooling
Flooring Tile, Vinyl, Wood
Fireplace No
Appliance Refrigerator
Exterior
Exterior Feature Landscaping
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Building
Story 1
Entry Level One
Level or Stories One
New Construction No
Construction Status Resale
Others
Tax ID 101605717313631608
Acceptable Financing Cash,Conventional,FHA,VA Loan
Green/Energy Cert None
Listing Terms Cash,Conventional,FHA,VA Loan