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311 Princeton Drive SE

Albuquerque, NM 87106
  • $442,446
  • STATUS: Active
  • ON SITE: 192 Days
  • MLS #: 1061818
UPDATED: 213 min ago
$442,446
  • 2
    BEDS
  • 0.16
    ACRES
  • 1
    BATHS
  • 0
    1/2 BATHS
  • 2,709
    SQFT
  • $163
    $/SQFT
Type:
Multi-Family
Built:
1940
County:

School Ratings & Info

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 ,

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IDX information © 2024 The Southwest Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by The Southwest Multiple Listing Service or Rush Real Estate Group | Realty One of New Mexico. Data last updated: 2024-11-11T00:05:22.387.
www.albuquerquerealestateservices.com/homes/150118425
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311 Princeton Drive SE Albuquerque, NM 87106

  • Price: $442,446
  • Status: Active
  • On Site: 192 Days
  • Updated: 213 min ago
  • MLS #: 1061818
2
Beds
1
Baths
0
½ Baths
0.16
Acres
2,709
SQFT
$163
$/SQFT
1940
Built
Neighborhood:
University Heights Addition
County:
Bernalillo
Area:
42 - UNM South
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 ,
Exterior Features

Construction Materials Frame Stucco Wood Siding Exterior Features Landscaping Levels One Stories Total 1

Interior Features

Appliances Refrigerator Basement YN No Cooling Evaporative Cooling Cooling YN Yes Flooring Tile Vinyl Wood Heating Central Forced Air Heating YN Yes

Property Features

Builder Name Unknown Building Area Total 2709 Green Energy Generation None Gross Income 38760 Listing Agreement Exclusive Agency Listing Terms Cash Conventional FHA VA Loan New Construction YN No Occupant Type Owner Operating Expense 11780 Property Condition Resale Property Sub Type Triplex Property Sub Type Additional Triplex Tax Annual Amount 3601.42 Tenant Pays Other See Remarks Utilities Electricity Connected Natural Gas Connected Sewer Connected Water Connected Zoning Description R- ML*

Southwest MLS] logo Listing courtesy of NM Apartment Advisors, Inc.: (505) 440-8633. © 2024 Southwest Multiple Listing Service, Inc.


IDX information © 2024 The Southwest Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by The Southwest Multiple Listing Service or Rush Real Estate Group | Realty One of New Mexico. Data last updated: 2024-11-11T00:05:22.387.
 
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Rush Real Estate Group | Realty One of New Mexico
8500 Menaul Blvd. NE, Suite A-240
Albuquerque NM, 87112