318 Sycamore Street SE

    Albuquerque, NM 87106
    • $399,000
    • STATUS: Active
    • ON SITE: 19 days
    • MLS #: 954685
    UPDATED: 34 min ago
    $399,000
    • 0
      BEDS
    • 0.11
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,285
      SQFT
    • $175
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1910
    County:

    School Ratings & Info

    Description

    Wonderful updated income property located in the Silver Hill Historic District. The architectural beauty of this 1910 property has been preserved while hot water heaters, coolers, kitchens and more have been updated! The main level is a functioning, and highly desirable Airbnb with 2 spacious bdrms, front office area, living area, kitchen and laundry room. Lower level features two 1 bedroom rentals. Airbnb has beautiful wood floors in living and bdrms. Each bdrm has a large walk-in closet and separate bathroom! Two lower level units are recently updated w/ radiant in floor heat, adorable kitchens, and their own stackable washer/dryers! This rare find is perfect for owner occupants. Live upstairs, rent the 2 lower units or live downstairs enjoy the income from the other units! 7% cap rate!

    Monthly Payment Calculator

    IDX information © 2019 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: 2019-10-15T14:05:17.413.
    www.metrohomesearch.com/homes/99346643

    318 Sycamore Street SE Albuquerque, NM 87106

    • Price: $399,000
    • Status: Active
    • Updated: 34 min ago
    • MLS #: 954685
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.11
    Acres
    2,285
    SQFT
    $175
    $/SQFT
    1910
    Built
    Neighborhood:
    Terrace Add A
    County:
    Bernalillo
    Area:
    42 - UNM South
    Property Description
    Wonderful updated income property located in the Silver Hill Historic District. The architectural beauty of this 1910 property has been preserved while hot water heaters, coolers, kitchens and more have been updated! The main level is a functioning, and highly desirable Airbnb with 2 spacious bdrms, front office area, living area, kitchen and laundry room. Lower level features two 1 bedroom rentals. Airbnb has beautiful wood floors in living and bdrms. Each bdrm has a large walk-in closet and separate bathroom! Two lower level units are recently updated w/ radiant in floor heat, adorable kitchens, and their own stackable washer/dryers! This rare find is perfect for owner occupants. Live upstairs, rent the 2 lower units or live downstairs enjoy the income from the other units! 7% cap rate!
    Exterior Features

    Construction Frame Exterior Material Stucco Parking 1 Space Per UnitOther Parking Parking Spaces 3.00 Roof PitchedShingle Stories 2 Total Buildings 1 Total Stories In Building 2.0

    Interior Features

    Appliances Included DishwasherDryerFrestnd Gas Stv/OvnRefrigeratorSelf Clean OvenWasher Average Unit Size 761.66 Basement No Cooling Evaporative Cooling Flooring LaminateTileWood Heating Central Forced AirRadiant Unit Type1 Approx Sq Ft 536 Unit Type1 Baths 1.00 Unit Type1 Bedrooms 1 Unit Type2 Approx Sq Ft 596 Unit Type2 Baths 1.00 Unit Type2 Bedrooms 1 Unit Type3 Approx Sq Ft 1153 Unit Type3 Baths 2.00 Unit Type3 Bedrooms 2

    Property Features

    5 Plus Units No Age 21 - 30 Amenities Ceiling Fan(S)Laundry Equip. OwnedSome Landscaping Annual Gross Income 17700.00 Apx Taxes 2968.78 Average Actual Rent 518.33 Bank Owned No Builder Unknown Disability Access No Finance Considered CashConventionalFhaVa Lead Base Paint Yes Lot Size Source On-Line Metering Individual ElectricIndividual Gas Miscellaneous Info No SignSome FurnishedVacation Rental Multiple Lots One Operating Expenses 12858.00 Operating Expenses1 InsuranceProperty ManagementProperty TaxesRepairs/MaintenanceUtilities Owner Occupant Unit No Owner Pays SewerTrash RemovalWater Property Sub Type Triplex Rental Info 6 MonthOther - See Remarks Sq Ft Source Floorplan Tax Exemption Unknown Tenant Pays ElectricGas Total Actual Rent 1555.00 Total Units 3 Trade Exchange Considered No Unit Summary Annualized 18660.00 Unit Type1 Actual Rent 610 Unit Type1 Market Rent 850 Unit Type1 Max Rent 900 Unit Type1 Num Units 1 Unit Type2 Actual Rent 850 Unit Type2 Market Rent 850 Unit Type2 Max Rent 900 Unit Type2 Num Units 1 Unit Type3 Actual Rent 95 Unit Type3 Market Rent 1500 Unit Type3 Max Rent 1600 Unit Type3 Num Units 1 Units For Sale 3 Utilities Cable ConnectedElectricity ConnectedNatural Gas ConnectedPhone ConnectedSewer ConnectedWater Connected Zoning R-Ml*

    Listing courtesy of Dave Slade & Associates Llc. © 2019 Southwest Multiple Listing Service, Inc.
    IDX information © 2019 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: 2019-10-15T14:05:17.413.
     
    Campbell & Campbell Real Estate Services
    6715-B Academy NE
    Albuquerque NM, 87109