134 Rhode Island Street SE, Albuquerque NM, 87108
(Active)
$493,710
|
2 beds, 1 baths, 3,126 sqft
|
MLS# 1056948
Last Updated: 4/27/2024 3:21 PM
Description for
134 Rhode Island Street SE
Albuquerque, NM 87108
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%.
Price
$493,710
Unity Addition
Bernalillo
2
1
3,126 (approx)
1056948
Active
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%.
Listing Information
| Property Type: Fourplex, Multi-Family, 2 Story | ||
| 2 | 1 | |
| 0.16 Acres | 3,126 (approx) | 1980 |
| 2 | Frame | |
Unity Addition
Cable Available, Natural Gas Available, Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Neighborhood
Room Information
Interior Features
Refrigerator
Tile, Vinyl, Carpet
Evaporative
Other,
Forced Air, Central
Exterior / Lot Features
Frame
MX-L*
Driving Directions
From I-40 and Louisiana, south to Central Blvd/Route 66, east to Rhode Island, south to property.
Financial Considerations
| 101905731802440207 |
| $2,837 |
Cash, FHA, Owner May Carry, VA Loan
Listing Price History
Albuquerque Real Estate
Albuquerque is located in New Mexico. Albuquerque, New Mexico 87108 has a population of 572,777.
The median household income in Albuquerque, New Mexico 87108 is $32,346. The median household income for the surrounding county is $56,090 compared to the national median of $66,222. The median age of people living in Albuquerque 87108 is 38 years.
Data provided below are primarily sourced from Public Records data.
Nearby Recent Sales (Sourced from Public Records)
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Price History
| Date | Event | Price | Source |
|---|---|---|---|
| 2/9/2024 | Active | $493,710 USD |
|
Tax History (Sourced from Public Records)
| year | Property Taxes | Change | Tax Assessment | Change |
|---|---|---|---|---|
| 2023 | $2,850 USD | 0.46% | $66,693 USD | - |
| 2022 | $2,837 USD | 0.46% | $66,693 USD | - |
| 2021 | $2,824 USD | 63.14% | $66,693 USD | 65.25% |
| 2020 | $1,731 USD | 3.04% | $40,359 USD | - |
| 2019 | $1,680 USD | 3.70% | $40,359 USD | 3.00% |