NM > Albuquerque > University Heights Addition
Albuquerque, NM 87106,311 Princeton DR SE
Albuquerque, NM 87106,311 Princeton DR SE
Albuquerque, NM 87106,311 Princeton DR SE
Albuquerque, NM 87106,311 Princeton DR SE
Albuquerque, NM 87106,311 Princeton DR SE
Albuquerque, NM 87106,311 Princeton DR SE
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Mark Rickert

Mark Rickert

+1(505) 600-3956
Listed by NM Apartment Advisors, Inc.
$ 442,446
Est. payment | /mo

2 Beds

1 Bath

2,709 SqFt

Save Virtual Tour
$ 442,446
Est. payment | /mo
Save Virtual Tour

2 Beds

1 Bath

2,709 SqFt

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

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"My job is to provide you with concierge level service and to provide you with incredible service with exceptional results!" 

+1(505) 600-3956

mark@rickertpg.com

150 Washington Ave, Santa Fe, NM, 87501, USA

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311 Princeton DR SE