Skip To Content

134 Rhode Island Street SE

Albuquerque, NM 87108
  • $493,710
  • STATUS: Active
  • ON SITE: 132 Days
  • MLS #: 1056948
UPDATED: 151 min ago
$493,710
  • 2
    BEDS
  • 0.16
    ACRES
  • 1
    BATHS
  • 0
    1/2 BATHS
  • 3,126
    SQFT
  • $158
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1980
County:

School Ratings & Info

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%.

Monthly Payment Calculator



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 The Team | Realty Executives Advantage. Data last updated: 2024-06-21T21:05:12.287.
www.trtnm.com/homes/147461202
Print Image

134 Rhode Island Street SE Albuquerque, NM 87108

  • Price: $493,710
  • Status: Active
  • On Site: 132 Days
  • Updated: 151 min ago
  • MLS #: 1056948
2
Beds
1
Baths
0
½ Baths
0.16
Acres
3,126
SQFT
$158
$/SQFT
1980
Built
Neighborhood:
Unity Addition
County:
Bernalillo
Area:
71 - Southeast Heights
Property 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%.
Exterior Features

Levels Two Stories Total 2

Interior Features

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

Property Features

Additional Parcels YN Yes Builder Name Unknown Building Area Total 3126 Green Energy Generation None Gross Income 59275 Listing Agreement Exclusive Right To Sell Listing Terms Cash FHA Owner May Carry VALoan New Construction YN No Operating Expense 26429 Property Condition Resale Property Sub Type Quadruplex Property Sub Type Additional Quadruplex Tax Annual Amount 2836.64 Tenant Pays Other See Remarks Utilities Cable Connected Electricity Connected Natural Gas Connected Sewer Connected Water Connected Zoning Description MX- L*

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 The Team | Realty Executives Advantage. Data last updated: 2024-06-21T21:05:12.287.
 
https://bt-photos.global.ssl.fastly.net/swmls/1280_boomver_1_1056948-2.jpg https://bt-photos.global.ssl.fastly.net/swmls/1280_boomver_1_1056948-2.jpg https://bt-photos.global.ssl.fastly.net/swmls/1280_boomver_1_1056948-2.jpg
Logo
The Team | Realty Executives Advantage
2220 Grande Blvd SE Suite D
Rio Rancho NM, 87124