Bought with Keller Williams Realty
$512,500
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2 Beds
1 Bath
3,765 SqFt
SOLD DATE : 08/25/2021
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,765 sqft
Price per Sqft $135
Subdivision University Heights
MLS Listing ID 983152
Sold Date 08/25/21
Bedrooms 2
Construction Status Resale
HOA Y/N No
Year Built 1940
Lot Size 6,969 Sqft
Acres 0.16
Lot Dimensions Public Records
Property Sub-Type Multi Family
Property Description
The property is walking distance to UNM and CNM, and has good walk (75), bike (93), and transit (46) scores. (Did you know? Market trends demonstrate that high walk, bike or transit scores translates to 25% higher rents). The front houses have hardwood floors and speak to the quality workmanship of an 80 year old residence. The rear triplex are of newer construction, and contain two story townhouse style one bedroom units with decks that overlook the Sandia mountains. At the ask price of $500,000 and an average rent of $837 (up from $777 in 2018) the measure of investment performance include a GRM of 9.96, a CAP rate of 6.26%, a price per unit of $100,000, a price per square foot of $132.80 and an after-tax IRR of 14.30%.
Location
State NM
County Bernalillo
Area 42 - Unm South
Interior
Heating None
Cooling None
Flooring Wood
Fireplace No
Appliance Refrigerator
Exterior
Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Construction Status Resale
Others
Tax ID 101605715804830923
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash
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