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2706 5th Street NW

Albuquerque, NM 87107
  • $429,000
  • STATUS: Active
  • ON SITE: 18 Days
  • MLS #: 1056706
UPDATED: 79 min ago
$429,000
  • 1
    BEDS
  • 0.16
    ACRES
  • 1
    BATHS
  • 0
    1/2 BATHS
  • 1,257
    SQFT
  • $341
    $/SQFT
Type:
Multi-Family
Built:
1946
County:

School Ratings & Info

Description

The property consists of a 78 year old house and two apartment units that have been renovated and furnished with style.The location has a walk score of 65, transit score of 26 and a bikes core of 76 - no doubt a reflection on how close it is to the 2nd street lenticular park/bike trails and the Bosque trails.The owner has authorized to get this moved and has priced this property below the fifteen recent closed or pending sales indicate that include a value closer to $433,846.Measures of investment performance at ask price of $429,000 and current average rent of $1,300 are a GRM of 9.17, a 6.78% cap rate, $143,000 per unit, $341.29/sf.

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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 The Team | Realty Executives Advantage. Data last updated: 2024-02-25T10:05:21.89.
www.trtnm.com/homes/147333262
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2706 5th Street NW Albuquerque, NM 87107

  • Price: $429,000
  • Status: Active
  • On Site: 18 Days
  • Updated: 79 min ago
  • MLS #: 1056706
1
Beds
1
Baths
0
½ Baths
0.16
Acres
1,257
SQFT
$341
$/SQFT
1946
Built
Neighborhood:
White City Addition Unit 2
County:
Bernalillo
Area:
101 - Near North Valley
Property Description
The property consists of a 78 year old house and two apartment units that have been renovated and furnished with style.The location has a walk score of 65, transit score of 26 and a bikes core of 76 - no doubt a reflection on how close it is to the 2nd street lenticular park/bike trails and the Bosque trails.The owner has authorized to get this moved and has priced this property below the fifteen recent closed or pending sales indicate that include a value closer to $433,846.Measures of investment performance at ask price of $429,000 and current average rent of $1,300 are a GRM of 9.17, a 6.78% cap rate, $143,000 per unit, $341.29/sf.
Exterior Features

Construction Materials Frame Exterior Features Landscaping Levels One Stories Total 1

Interior Features

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

Property Features

Additional Parcels YN Yes Builder Name Unknown Building Area Total 1257 Green Energy Generation None Gross Income 48540 Listing Agreement Exclusive Agency Listing Terms Cash Conventional FHA VALoan New Construction YN No Occupant Type Owner Operating Expense 20131 Property Condition Resale Property Sub Type Triplex Property Sub Type Additional Triplex Tax Annual Amount 3114.46 Tenant Pays Other See Remarks Utilities Electricity Connected Natural Gas Connected Phone Connected Sewer Connected Water Connected Zoning Description MX- M*

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: 2024-02-25T10:05:21.89.
 
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The Team | Realty Executives Advantage
2440 Lousiana Blvd
Albuquerque NM, 87110