508 5Th Street SW

    Albuquerque, NM 87102
    • $365,000
    • STATUS: Active
    • ON SITE: 62 days
    • MLS #: 944645
    UPDATED: 47 min ago
    $365,000
    • 0
      BEDS
    • 0.07
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,687
      SQFT
    • $136
      $/SQFT
    Type:
    Multi-Family
    Built:
    1915
    County:

    School Ratings & Info

    Description

    Air BNB dream! Beautiful income property located in the heart of Downtown Albuquerque. Stable tenants can stay or leave. These tenants are on a month to month and willing to sign a lease or be given their 1 month notice. Owner has kept these tenants at what he describes as under market rents so to avoid the trouble of getting new tenants. Client believes the rents could be increased. This property is located in the perfect location for a short term rental. Professionals on the weekdays and tourists on the weekends. Home can be shown after acceptable offer is accepted contingent upon walk through.

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    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: 2019-07-18T15:05:25.59.
    www.metrohomesearch.com/homes/94826298

    508 5Th Street SW Albuquerque, NM 87102

    • Price: $365,000
    • Status: Active
    • Updated: 47 min ago
    • MLS #: 944645
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.07
    Acres
    2,687
    SQFT
    $136
    $/SQFT
    1915
    Built
    Neighborhood:
    New Mexico Town Companys Orig
    County:
    Bernalillo
    Area:
    80 - Downtown Area
    Property Description
    Air BNB dream! Beautiful income property located in the heart of Downtown Albuquerque. Stable tenants can stay or leave. These tenants are on a month to month and willing to sign a lease or be given their 1 month notice. Owner has kept these tenants at what he describes as under market rents so to avoid the trouble of getting new tenants. Client believes the rents could be increased. This property is located in the perfect location for a short term rental. Professionals on the weekdays and tourists on the weekends. Home can be shown after acceptable offer is accepted contingent upon walk through.
    Exterior Features

    Apx Lot Dim Front 65 Apx Lot Dim Side 50 Construction Frame Exterior Material Stucco Parking Other ParkingStreet Parking Only Parking Spaces 2.00 Roof PitchedShingle Stories 2 Total Buildings 2 Total Stories In Building 2.0

    Interior Features

    Appliances Included Frestnd Gas Stv/Ovn Average Unit Size 671.75 Basement No Cooling 2+ Units Flooring CarpetStoneVinyl Heating Central Forced AirWall Unit Unit Type1 Approx Sq Ft 968 Unit Type1 Baths 1.00 Unit Type1 Bedrooms 2 Unit Type2 Approx Sq Ft 649 Unit Type2 Baths 1.00 Unit Type2 Bedrooms 1 Unit Type3 Approx Sq Ft 696 Unit Type3 Baths 1.00 Unit Type3 Bedrooms 1 Unit Type4 Approx Sq Ft 374 Unit Type4 Baths 1.00 Unit Type4 Bedrooms 1

    Property Features

    5 Plus Units No Age 100+ Allowance Concession YN No Amenities Owners UnitPrivate Patios Annual Gross Income 28200.00 Apx Taxes 1747.18 Average Actual Rent 587.50 Bank Owned No Builder Unknown Disability Access No Finance Considered CashConventional Lead Base Paint Yes Lot Size Source Broker Metering Individual ElectricIndividual Gas Miscellaneous Info Some Furnished Multiple Lots One Owner Occupant Unit Yes Owner Pays SewerWater Property Sub Type Four Plex Rental Info Month To Month Source Owner Provided Sq Ft Source Broker Tax Exemption No Tenant Pays ElectricGas Total Actual Rent 2350.00 Total Units 4 Trade Exchange Considered No Unit Summary Annualized 28200.00 Unit Type1 Actual Rent 700 Unit Type1 Market Rent 800 Unit Type1 Max Rent 900 Unit Type1 Num Units 1 Unit Type2 Actual Rent 550 Unit Type2 Market Rent 650 Unit Type2 Max Rent 750 Unit Type2 Num Units 1 Unit Type3 Actual Rent 600 Unit Type3 Market Rent 700 Unit Type3 Max Rent 800 Unit Type3 Num Units 1 Unit Type4 Actual Rent 500 Unit Type4 Market Rent 600 Unit Type4 Max Rent 700 Unit Type4 Num Units 1 Units For Sale 4 Utilities Cable ConnectedElectricity ConnectedNatural Gas AvailableNatural Gas ConnectedSewer AvailableWater AvailableWater Connected Year Built Exception Unknown Zoning Su-2

    Listing courtesy of Earth Origins Realty 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: 2019-07-18T15:05:25.59.
     
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