134 Rhode Island Street Se Albuquerque, NM 87108

4 Units
 Print
$493,710 Est. $1,756 / mo.*
Details Directions
 Print
Property Type: Quadruplex
Status: Active
Year Built: 1980
Neighborhood: Unity Addition
Days on Website: 79

Courtesy of NM Apartment Advisors, Inc..

Description

Seller is willing to offer financing for an owner occupant (who must move into the property) with a 5% down payment 30 year amortization, 5.75% interest rate, 7 year balloon, subject to approval of the buyers credit report, financial statement and tax returns.This fourplex contains two bedroom one bathroom units that are renting at $1,247. Each renovated unit has washers/dryers and the belong to the owner and convey with the property.At the current average rents of $1,247, and an ask price of $493,710 the measures of investment performance include a price per unit of $123,427, price per square foot of $157.49, a GRM of 8.25, an after reserves cap rate of 6.65%.

Open House

Property Details and Features

  • Description: Refrigerator
  • Total Bathrooms: 2
  • Area: 3126
  • Building Area: 3126
  • Construction Materials: Frame
  • Levels: Two
  • Year Built: 1980
  • Details: EvaporativeCooling
  • Flooring: Carpet,Tile,Vinyl
  • Heating: Central,ForcedAir
  • Days on Market: 6
  • Listing Price: 493710
  • Status: Active
  • Address: 134 Rhode Island Street SE
  • Area: 71 - Southeast Heights
  • City: Albuquerque
  • State: NM
  • Zip: 87108
  • County: Bernalillo
  • Subdivision: Unity Addition
  • Directions: From I-40 and Louisiana, south to Central Blvd/Route 66, east to Rhode Island, south to property.
  • Acres: 0.16
  • Size: 0
  • Size Source: PublicRecords
  • Utilities: CableConnected,ElectricityConnected,NaturalGasConnected,SewerConnected,WaterConnected

Location

$493,710 - 134 Rhode Island Street Se, Albuquerque, NM 87108
134 Rhode Island Street Se Albuquerque, NM 87108
Address: 134 Rhode Island Street SE

Street View

Nearby Schools

Recent Sales in the Area

Similar Properties Nearby