423 Princeton Drive SE, Albuquerque NM, 87106
(Active)
$508,245
|
1 baths, 2,056 sqft
|
MLS# 1062189
Last Updated: 5/19/2024 12:20 PM
Description for
423 Princeton Drive SE
Albuquerque, NM 87106
423 Princeton SE is located just 4 blocks to UNMs main campus with quick and immediate access to an ART Stop and all that downtown and Nob Hill have to offer. With a 69 Walk Score, 79 Bike Score and a Transit score of 44, and is in the epi-center of the UNM/CNM campuses and close to the University area Smith's Grocery store.The property will have a unit ready for an owner occupant in the last half of May 2024.Measures of investment performance at ask price of $508,245 and current average rent of $975 are a GRM of 10.86, a 6.13% cap rate, $127,061 per unit, $247.20/sf. Ten recent closed or pending sales indicate a value closet to $510,269.The owner is including the ocean container unit, used for storage, located on the west side parking lot of the property, as part of the sale
Price
$508,245
University Heights
Bernalillo
1
2,056 (approx)
1062189
Active
Description
423 Princeton SE is located just 4 blocks to UNMs main campus with quick and immediate access to an ART Stop and all that downtown and Nob Hill have to offer. With a 69 Walk Score, 79 Bike Score and a Transit score of 44, and is in the epi-center of the UNM/CNM campuses and close to the University area Smith's Grocery store.The property will have a unit ready for an owner occupant in the last half of May 2024.Measures of investment performance at ask price of $508,245 and current average rent of $975 are a GRM of 10.86, a 6.13% cap rate, $127,061 per unit, $247.20/sf. Ten recent closed or pending sales indicate a value closet to $510,269.The owner is including the ocean container unit, used for storage, located on the west side parking lot of the property, as part of the sale
Listing Information
| Property Type: Fourplex, Multi-Family, 1 Story | ||
| 1 | 0.16 Acres | |
| 2,056 (approx) | 1940 | 1 |
| Frame | ||
University Heights
Natural Gas Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Neighborhood
Room Information
Interior Features
Refrigerator
Tile, Carpet, Wood
Evaporative
Other,
Forced Air, Central
Exterior / Lot Features
Frame
R-ML*
Driving Directions
From I-25 and Coal, east to Princeton, south to property.
Financial Considerations
| 101605717303830902 |
| $2,399 |
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)
| Street Address | City | Beds | Baths | Sold Price | Sold Date | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| No information is available for recently sold properties within this search. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Price History
| Date | Event | Price | Source |
|---|---|---|---|
| 5/7/2024 | Active | $508,245 USD |
|
Tax History (Sourced from Public Records)
| year | Property Taxes | Change | Tax Assessment | Change |
|---|---|---|---|---|
| 2023 | $2,399 USD | 3.49% | $56,130 USD | 3.00% |
| 2022 | $2,318 USD | 3.48% | $54,494 USD | 3.00% |
| 2021 | $2,240 USD | 1.68% | $52,908 USD | 3.00% |
| 2020 | $2,203 USD | 3.04% | $51,367 USD | - |
| 2019 | $2,138 USD | 3.69% | $51,367 USD | 3.00% |