Homes for sale - 530 Tennessee ST NE, Albuquerque, NM 87108

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Susan Blackwell

susiehomefinder@gmail.com +1(505) 400-0091

Listed by NM Apartment Advisors, Inc.

$ 453,550

Est. payment | -/mo

2 Beds

1 Bath

3,592 SqFt

Save

$ 453,550

Est. payment | -/mo

Save

2 Beds

1 Bath

3,592 SqFt

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

GET MORE INFORMATION

Susan Blackwell

Broker-Owner | Lic# 19305

susiehomefinder@gmail.com

+1(505) 400-0091

8100 Wyoming Blvd NE Suite M4 PMB 239 Albuquerque NM, 87113

530 Tennessee ST NE Albuquerque, NM 87108

Susan Blackwell

Key Details

Location

Interior

Exterior

Building

Others

530 Tennessee ST NE