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3417 Eastern Avenue SE

Albuquerque, NM 87108
  • $425,000
  • STATUS: Active
  • ON SITE: 31 Days
  • MLS #: 1072247
UPDATED: 131 min ago
$425,000
  • 2
    BEDS
  • 0.16
    ACRES
  • 1
    BATHS
  • 0
    1/2 BATHS
  • 2,700
    SQFT
  • $157
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1960
County:

School Ratings & Info

Description

Updated four plex featuring all two bedroom, one bath units. Seller has installed new CMU court yard walls on the front of each unit. TPO Roof, evaporative coolers in good condition. Current numbers with a 5% vacancy allowance, and a 5% maintenance allowance results in a CAP rate of 6.65 and GRM or 10.5 with one vacancy. If rents were raised to $1222.00 a CAP of 11.43 and GRM of 6.99 would be achieved. Seller will sell single buildings or any combination thereof including all four buildings. See 3413, 3409 & 3421 Eastern listings.

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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/156599480
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3417 Eastern Avenue SE Albuquerque, NM 87108

  • Price: $425,000
  • Status: Active
  • On Site: 31 Days
  • Updated: 131 min ago
  • MLS #: 1072247
2
Beds
1
Baths
0
½ Baths
0.16
Acres
2,700
SQFT
$157
$/SQFT
1960
Built
Neighborhood:
42 - UNM South
County:
Bernalillo
Area:
42 - UNM South
Property Description
Updated four plex featuring all two bedroom, one bath units. Seller has installed new CMU court yard walls on the front of each unit. TPO Roof, evaporative coolers in good condition. Current numbers with a 5% vacancy allowance, and a 5% maintenance allowance results in a CAP rate of 6.65 and GRM or 10.5 with one vacancy. If rents were raised to $1222.00 a CAP of 11.43 and GRM of 6.99 would be achieved. Seller will sell single buildings or any combination thereof including all four buildings. See 3413, 3409 & 3421 Eastern listings.
Exterior Features

Construction Materials Stucco Exterior Features Patio Levels One Patio And Porch Features Patio

Interior Features

Appliances Free- Standing Gas Range Refrigerator Range Hood Basement YN No Cooling Evaporative Cooling Cooling YN Yes Flooring Laminate Tile Heating Wall Furnace Heating YN Yes

Property Features

Builder Name Unknown Building Area Total 2700 Community Features Patio Green Energy Generation None Gross Income 40464 Listing Agreement Exclusive Right To Sell Listing Terms Cash Conventional FHA VA Loan New Construction YN No Operating Expense 12640 Property Condition Resale Property Sub Type Quadruplex Property Sub Type Additional Quadruplex Tax Annual Amount 3257.38 Tenant Pays Other See Remarks Utilities Cable Available Electricity Connected Sewer Connected Water Connected Zoning Description R- MH*

Southwest MLS] logo Listing courtesy of ABQ Properties LLC: (505) 717-3002. © 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