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130 Rhode Island Street SE

Albuquerque, NM 87108
  • $299,000
  • STATUS: Active
  • ON SITE: 23 Days
  • MLS #: 1006634
UPDATED: 53 min ago
$299,000
  • 2
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,000
    SQFT
  • $100
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1980
County:

School Ratings & Info

Description

Did you know that the average fourplex sales price of $322,844 reflects an appreciation of 31% between 2020 to 2021? Or that 25% of the fourplex market is in product that sold for more than $400,000?The fourplexes can be bought individually or together as they sit on their own individual lots.Each property has had recent renovations including new roofs (2017-2018) and upgrades.130 Rhode Island SE has slightly higher income (average rents of $596) and at the ask price of $299,0000 the measures of investment performance include a GRM of 10.45, a before reserves cap rate of 5.30% and an after tax IRR of 15.10%. If rents are raised to the market of $750, the measures of investment performance improve to a cap rate of 7.50%, and cash on cash of 12.63%

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IDX information © 2022 The Southwest Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by The Southwest Multiple Listing Service or Campbell & Campbell Real Estate Services. Data last updated: 2022-01-27T18:04:51.087.
www.metrohomesearch.com/homes/124389111
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130 Rhode Island Street SE Albuquerque, NM 87108

  • Price: $299,000
  • Status: Active
  • On Site: 23 Days
  • Updated: 53 min ago
  • MLS #: 1006634
2
Beds
0
Baths
0
½ Baths
0.16
Acres
3,000
SQFT
$100
$/SQFT
1980
Built
Neighborhood:
Unity Addition
County:
Bernalillo
Area:
71 - Southeast Heights
Property Description
Did you know that the average fourplex sales price of $322,844 reflects an appreciation of 31% between 2020 to 2021? Or that 25% of the fourplex market is in product that sold for more than $400,000?The fourplexes can be bought individually or together as they sit on their own individual lots.Each property has had recent renovations including new roofs (2017-2018) and upgrades.130 Rhode Island SE has slightly higher income (average rents of $596) and at the ask price of $299,0000 the measures of investment performance include a GRM of 10.45, a before reserves cap rate of 5.30% and an after tax IRR of 15.10%. If rents are raised to the market of $750, the measures of investment performance improve to a cap rate of 7.50%, and cash on cash of 12.63%
Exterior Features

Construction Materials Frame Levels Two Stories Total 2

Interior Features

Appliances Refrigerator Basement YN No Bathrooms Total Integer 1 Cooling Evaporative Cooling Cooling YN Yes Electric None Flooring Vinyl Heating CentralForced Air Heating YN Yes

Property Features

Additional Parcels YN Yes Builder Name Unknown Building Area Total 3000 Disclosures Ranm 2100 Disclosure Gross Income 29070 Listing Agreement Exclusive Right To Sell New Construction YN No Operating Expense 12245 Property Condition Resale Property Sub Type Quadruplex Property Sub Type Additional Quadruplex Tax Annual Amount 1951 Tenant Pays OtherSee Remarks Utilities Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected Zoning Description Mx-L*

Listing courtesy of Nm Apartment Advisors, Inc.. © 2022 Southwest Multiple Listing Service, Inc.


IDX information © 2022 The Southwest Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by The Southwest Multiple Listing Service or Campbell & Campbell Real Estate Services. Data last updated: 2022-01-27T18:04:51.087.
 
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Campbell & Campbell Real Estate Services
5716 Osuna Rd NE
Albuquerque NM, 87109