3413 Eastern AVE SE Pending Save Request In-Person Tour Request Virtual Tour
Albuquerque,NM 87108
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Pending
Purchase Type For Sale
Square Footage 2,700 sqft
Price per Sqft $151
MLS Listing ID 1072246
Bedrooms 2
Construction Status Resale
HOA Y/N No
Year Built 1958
Annual Tax Amount $3,247
Lot Size 6,969 Sqft
Acres 0.16
Lot Dimensions Public Records
Property Description
Updated four plex featuring all two bedroom, one bath units. Two units have been fully renovated with new bedroom flooring, new kitchen cabinets and countertops and stacked washer and dryer units. Seller has installed new CMU court yard walls on the front of each unit. One unit is currently vacant and being used for storage. The new owner will need to update the electrical service in order to rent this unit. Current numbers at 75% occupancy with a 5% vacancy allowance, and a 5% maintenance allowance results in a CAP rate of 6.76 and GRM or 10.95 with one vacancy. If rents were raised to $1222.00 a CAP of 11.94 and GRM of 6.99 would be achieved. Seller will sell single buildings or any combination thereof including all four buildings. See 3409, 17 & 3421 Eastern listings.
Location
State NM
County Bernalillo
Area 42 - Unm South
Interior
Heating Wall Furnace
Cooling Evaporative Cooling
Flooring Laminate, Tile
Fireplace No
Appliance Free-Standing Gas Range,Refrigerator,Range Hood
Exterior
Exterior Feature Patio
Community Features Patio
Utilities Available Cable Available, Electricity Connected, Sewer Connected, Water Connected
Porch Patio
Building
Story 1
Entry Level One
Level or Stories One
New Construction No
Construction Status Resale
Others
Tax ID 101605641707940621
Acceptable Financing Cash,Conventional,FHA,VA Loan
Green/Energy Cert None
Listing Terms Cash,Conventional,FHA,VA Loan