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431/435 Texas Street NE, Albuquerque, NM 87108

$280,000
Multi Family MLS# 895137 ID: 45974041
$280,000 Get Rates

6 Units - Albuquerque, NM
New stucco (May 2017). Separately metered electric, 435 is separately metered gas as well. 431 has 100 gal water heater, 435 has individual unit water heaters. Separate evaporative coolers for each unit.Long term tenants on month-to-month leases, all would like to stay. 93% occupancy rate this year, averages between 90-97%. Quick turns on units. All units rented.~13.65% CAP rate on rents at list price.Given 20% down, some closing costs, and $240k loan amount- approaches 68% cash-on-cash return, verify numbers based on rents to confirm return value. Solid investment and return.Pictures of all units available upon request.

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Location Information near 431/435 Texas Street NE
Offered by Meredith Schuh at Keller Williams Realty

Would you like more information regarding this property?
Please call (505) 291-0050.

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Property Features for 431/435 Texas Street NE
Status
Market Status
Available
Last Updated
January 19, 2018
Description
Property Type
Multi Family
Year Built
1962
Approx. Lot Size
0.30 Acres
Sq. Feet
4,800

Appliances

  • Refrigerator

Building Features

  • Cooling System: Evaporative
  • Heating System: Wall Unit
  • Roof: Metal

Exterior Features

  • Exterior Construction: Stucco
  • Parking: Parking Lot; Paved or Surfaced; 12 spaces

Interior Features

  • Floors: Carpet; Tile; Vinyl

Legal/Financial

  • Taxes: 1269.22

Listing Features

  • Property Type: MultiFamily; 6 Units

Other Features

  • Lawn
  • Meredith Schuh
  • Keller Williams Realty

Data Provided by:
Southwest MLS

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More information about this $280,000 Multi Family at 431/435 Texas Street NE

This $280,000 Multi Family at 431/435 Texas Street NE in Albuquerque, NM is presented by Meredith Schuh. This $280,000 Multi Family, located in the 87108 zip code, has the following property features: Heating System, Property Type, Taxes, Cooling System. This 431/435 Texas Street NE Multi Family, located in Bernalillo County , is listed under MLS listing number 895137 and has a listing price of $280,000. You can find more ALBUQUERQUE homes for sale here.