134 Rhode Island Street SE, Albuquerque, NM 87108

$493,710
2
BD
1
BA
3,126
SqFt
List Price
$493,710
MLS#
1056948
Property Type
Multifamily
Bedrooms
2
Bathrooms
1
Sqft. of Residence
3,126
Lot Size
6,969
Region
Southeast Heights
Status
ACTIVE

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%.

Additional Information

County
Bernalillo
Subdivison
Unity Addition
Acres
0.16
Appliances
Refrigerator
Construction
Frame
Cooling
Evaporative Cooling
Flooring
Carpet, Tile, Vinyl
Heating
Central, Forced Air
Utilities
Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Zoning
MX-L*

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of NM Apartment Advisors, Inc..

Some of the information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers’ personal, non-commerical use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.