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3409 Eastern Avenue SE

Albuquerque, NM 87106
  • $399,000
  • STATUS: Active
  • ON SITE: 42 Days
  • MLS #: 1064896
UPDATED: 77 min ago
$399,000
  • 2
    BEDS
  • 0.16
    ACRES
  • 1
    BATHS
  • 0
    1/2 BATHS
  • 2,700
    SQFT
  • $148
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1958
County:

School Ratings & Info

Description

3409 Eastern SE features four two-bedroom, one-bath units fully rented. Current numbers at the opening bid price provide for a CAP rate of 8.2% and a GRM of 8.81. If rents were raised to the market rent the result would be a CAP rate of 11.2% and a GRM of 6.8. Total expenses for the building, based on annualized data from March-May of 2024 are $12,640.64 and Net Operating Income of $32,623.36.Recently installed block courtyard walls provides tenants with a private front yard area. Property to be sold by Online Auction with reserve. Purchase separately or with 3413, 3417 and 3421 Eastern SE. List price represents the starting bid amount. Property to be sold by Online Auction with Reserve. Contact listing Broker for auction site information. Offer subject to inspection.

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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: 2024-07-24T22:05:22.217.
www.trtnm.com/homes/151541378
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3409 Eastern Avenue SE Albuquerque, NM 87106

  • Price: $399,000
  • Status: Active
  • On Site: 42 Days
  • Updated: 77 min ago
  • MLS #: 1064896
2
Beds
1
Baths
0
½ Baths
0.16
Acres
2,700
SQFT
$148
$/SQFT
1958
Built
Neighborhood:
Knob Heights
County:
Bernalillo
Area:
42 - UNM South
Property Description
3409 Eastern SE features four two-bedroom, one-bath units fully rented. Current numbers at the opening bid price provide for a CAP rate of 8.2% and a GRM of 8.81. If rents were raised to the market rent the result would be a CAP rate of 11.2% and a GRM of 6.8. Total expenses for the building, based on annualized data from March-May of 2024 are $12,640.64 and Net Operating Income of $32,623.36.Recently installed block courtyard walls provides tenants with a private front yard area. Property to be sold by Online Auction with reserve. Purchase separately or with 3413, 3417 and 3421 Eastern SE. List price represents the starting bid amount. Property to be sold by Online Auction with Reserve. Contact listing Broker for auction site information. Offer subject to inspection.
Exterior Features

Construction Materials Frame Exterior Features Patio Levels One Parking Total 4 Patio And Porch Features Patio

Interior Features

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

Property Features

Builder Name Unknown Building Area Total 2700 Community Features Patio Storage Facilities Green Energy Generation None Gross Income 45264 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 3253 Tenant Pays Other See Remarks Utilities Cable Available Electricity Connected Natural Gas Connected Phone Available Sewer Connected Water Connected Zoning Description MX- L*

Southwest MLS] logo Listing courtesy of New Mexico Real Estate Auction: (505) 868-0996. © 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: 2024-07-24T22:05:22.217.
 
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