530 Tennessee ST NE new Save Request In-Person Tour Request Virtual Tour
Albuquerque,NM 87108
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,592 sqft
Price per Sqft $126
Subdivision Mesa Verde Addition
MLS Listing ID 1081214
Bedrooms 2
Construction Status Resale
HOA Y/N No
Year Built 1985
Annual Tax Amount $3,542
Lot Size 6,969 Sqft
Acres 0.16
Lot Dimensions Public Records
Property Sub-Type Quadruplex
Property Description
Each unit contains a large two bedroom, one bathroom unit with fireplace and each building has a laundry facility. A recently vacated unit is available for an owner-occupant and with an ask price of the current average rents of $1,050, and an ask price of $453,550 the measures of investment performance include a price per unit of $113,387, price per square foot of $126.27, a GRM of 9.00, an after reserves cap rate of 6.50%.If rents are raised to the market average of $1,300, the measures of investment performance improve to a before reserves cap rare of 8.47%.The property is well located at 530 Tennessee NE and is close to grocery stores, Uptown, University area and so much more. The property is also across the street from the Mesa Verde park and the Community Center
Location
State NM
County Bernalillo
Area 70 - Fairgrounds
Interior
Heating Central, Forced Air
Flooring Carpet, Vinyl
Fireplace Yes
Appliance Refrigerator
Exterior
Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Accessibility None
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Construction Status Resale
Others
Tax ID 101905736137010331
Acceptable Financing Cash,Conventional,FHA,VA Loan
Green/Energy Cert None
Listing Terms Cash,Conventional,FHA,VA Loan