200 Madison & 204 Street NE, Albuquerque NM, 87108
(Pending)
$728,484
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2 beds, 1 baths, 4,978 sqft
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MLS# 978217
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Last Updated: 2/24/2021 8:02 PM
Description for
200 Madison & 204 Street NE
Albuquerque, NM 87108
Located on the northeast corner of Copper and Madison at 200-4 Madison NE, the property is lined with majestic trees, lush landscaping and garages. Each unit is its own front porch and/or backyard areas giving the residences the sense of being small patio homes. The property also offers a total of 7 garages with rear alley access and most of the residences have their own private back yard.Value add opportunities include:-RUBs for water/sewer/trash-charge for garage rentals-catch the mostly month to month leases up to the rapid rent increases that this submarket experienced in 2020the start price of $728,484 and an average rent of $968 the measure of investment performance include a GRM of 11.00, a CAP rate of 5.97%, a price per unit of $121,414, a price per square foot of $1
Price
$728,484
Heights Reservoir Addn
Bernalillo
2
1
4,978 (approx)
978217
Pending
Description
Located on the northeast corner of Copper and Madison at 200-4 Madison NE, the property is lined with majestic trees, lush landscaping and garages. Each unit is its own front porch and/or backyard areas giving the residences the sense of being small patio homes. The property also offers a total of 7 garages with rear alley access and most of the residences have their own private back yard.Value add opportunities include:-RUBs for water/sewer/trash-charge for garage rentals-catch the mostly month to month leases up to the rapid rent increases that this submarket experienced in 2020the start price of $728,484 and an average rent of $968 the measure of investment performance include a GRM of 11.00, a CAP rate of 5.97%, a price per unit of $121,414, a price per square foot of $1
Listing Information
Heights Reservoir Addn
Unknown
ElectricityConnected,NaturalGasConnected,SewerConnected,WaterConnected
Neighborhood
Room Information
Interior Features
Refrigerator
Wood
Other
Other,
Forced Air, Central
Exterior / Lot Features
0 Covered Parking Spaces,
Frame
MX-T*
Resale
Landscaping
Driving Directions
From I-40 and Carlisle - south to Copper, east to Madison and property. (NEC)
Financial Considerations
Cash,FHA,VALoan
Listing Price History
 Albuquerque Real EstateAlbuquerque is located in New Mexico. Albuquerque, New Mexico 87108 has a population of 565,162. The median household income in Albuquerque, New Mexico 87108 is $27,884. The median household income for the surrounding county is $50,440 compared to the national median of $57,525. The median age of people living in Albuquerque 87108 is 37 years. Data provided below are primarily sourced from Public Records data.
Nearby Recent Sales (Sourced from Public Records)
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