Bought with Realty One of New Mexico
$464,392
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3 Beds
1 Bath
2,631 SqFt
SOLD DATE : 11/23/2023
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,631 sqft
Price per Sqft $176
Subdivision University Heights Addition
MLS Listing ID 1039345
Sold Date 11/23/23
Bedrooms 3
Construction Status Resale
HOA Y/N No
Year Built 2000
Annual Tax Amount $3,498
Lot Size 6,969 Sqft
Acres 0.16
Lot Dimensions Public Records
Property Description
Located just 2 blocks to UNMs main campus with quick and immediate access to an ART Stop and all that downtown and Nob Hill have to offer. 82 Walk Score. 98(!) Bike Score and a transit score of 50, 223 Cornell SE is in the epi-center of the UNM/CNM campuses.The property consists of a 98 year old house and a 23 year old duplex. The house is large with 1,432 square feet, in a 3 bedroom, 1 bathroom configuration, and that does not include the basement area. At the listing brokers request, the owner is holding the main house vacant for potential owner occupancy or a fully furnished conversion for traveling nurses.Measures of investment performance at ask price of $464,392 and current average rent of $1,133 are a GRM of 11.38, a 5.45% cap rate, $154,797 per unit, $176.51/sf.
Location
State NM
County Bernalillo
Area 42 - Unm South
Interior
Heating Central, Forced Air
Cooling Evaporative Cooling
Flooring Wood
Fireplace No
Appliance Refrigerator
Exterior
Exterior Feature Landscaping
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Accessibility None
Building
Story 1
Entry Level One
Level or Stories One
New Construction No
Construction Status Resale
Others
Tax ID 101605706317432002
Acceptable Financing Cash, Conventional, FHA, VA Loan
Green/Energy Cert None
Listing Terms Cash, Conventional, FHA, VA Loan
Financing Conventional
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