3444 Eastern Avenue SE, Albuquerque NM, 87106
(Active)
$570,370
|
2 beds, 1 baths, 2,300 sqft
|
MLS# 1057423
Last Updated: 5/2/2024 12:48 AM
Description for
3444 Eastern Avenue SE
Albuquerque, NM 87106
All 4 apartments have been modernized with care and an eye for resident comfort, convenience and security with secured outdoor storage and private yard spaces with brand new xeric landscaping and plenty of room for private outdoor living space. Other updates include thermal windows, new quality luxury vinyl plank flooring throughout, stacked washer / dryers in each unit, with updated appliances and fixtures throughout.Measures of investment performance at ask price of $570,370 and current average rent of $1,038 are a GRM of 11.45, a 6.41% cap rate, $142,592 per unit, $248/sf and an after tax IRR of 12.70%. If rents are raised to market of $1,175 the measures of investment performance improve to a cap rate of 7.32%.Apartments are separately metered and residents pay G&E.
Price
$570,370
Ronys Knob Heights
Bernalillo
2
1
2,300 (approx)
1057423
Active
Description
All 4 apartments have been modernized with care and an eye for resident comfort, convenience and security with secured outdoor storage and private yard spaces with brand new xeric landscaping and plenty of room for private outdoor living space. Other updates include thermal windows, new quality luxury vinyl plank flooring throughout, stacked washer / dryers in each unit, with updated appliances and fixtures throughout.Measures of investment performance at ask price of $570,370 and current average rent of $1,038 are a GRM of 11.45, a 6.41% cap rate, $142,592 per unit, $248/sf and an after tax IRR of 12.70%. If rents are raised to market of $1,175 the measures of investment performance improve to a cap rate of 7.32%.Apartments are separately metered and residents pay G&E.
Listing Information
| Property Type: Fourplex, Multi-Family, 1 Story | ||
| 2 | 1 | |
| 0.19 Acres | 2,300 (approx) | 1972 |
| 1 | Frame | |
Ronys Knob Heights
Natural Gas Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Neighborhood
Room Information
Interior Features
Refrigerator
Vinyl
Evaporative
Other,
Wall Furnace
Exterior / Lot Features
Frame
R-MH*
Driving Directions
From I-40 and Gibson, east to Carlisle, morth to Eastern, South to property.
Financial Considerations
| 101605645605740411 |
| $2,096 |
Cash, Conventional, FHA, VA Loan
Listing Price History
Albuquerque Real Estate
Albuquerque is located in New Mexico. Albuquerque, New Mexico 87106 has a population of 572,777.
The median household income in Albuquerque, New Mexico 87106 is $43,445. 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 87106 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 |
|---|---|---|---|
| 2/19/2024 | Active | $570,370 USD |
|
Tax History (Sourced from Public Records)
| year | Property Taxes | Change | Tax Assessment | Change |
|---|---|---|---|---|
| 2023 | $3,652 USD | 74.25% | $85,458 USD | 73.46% |
| 2022 | $2,096 USD | 3.51% | $49,268 USD | 3.00% |
| 2021 | $2,025 USD | 1.66% | $47,834 USD | 3.00% |
| 2020 | $1,992 USD | 3.05% | $46,441 USD | - |
| 2019 | $1,933 USD | 3.70% | $46,441 USD | 3.00% |