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1340 San Mateo Boulevard SE

Albuquerque, NM 87108
  • $708,022
  • STATUS: Active
  • ON SITE: 39 Days
  • MLS #: 1003292
UPDATED: 61 min ago
$708,022
  • 1
    BEDS
  • 0.26
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,320
    SQFT
  • $133
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1957
County:

School Ratings & Info

Description

The owner has made major improvements to the property and with the assistance of the management company repositioned it for the next investors to take advantage of upcoming rent increases and utility billback.The property contains a fourplex and triplex building. The triplex building contains a 2nd level residence - that is an incredible large and elegant single family residence of 1,300 sf.Gleaming hardwood floors, new mini-split HVAC systems, upgraded windows, and overhaul of the landscaping is just a small indication of the over $121,000 of work this owner has performed.With an average rent of $816, and at the list price of $708,022 the measures of investment performance include $101,146 per unit, $135.64 per square foot, a before reserves cap rates of 5.99%, and after tax

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IDX information © 2021 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 Berkshire Hathaway HomeServices. Data last updated: 2021-11-30T13:04:57.213.
www.propertiesofsantafe.com/homes/122635320
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1340 San Mateo Boulevard SE Albuquerque, NM 87108

  • Price: $708,022
  • Status: Active
  • On Site: 39 Days
  • Updated: 61 min ago
  • MLS #: 1003292
1
Beds
0
Baths
0
½ Baths
0.26
Acres
5,320
SQFT
$133
$/SQFT
1957
Built
Neighborhood:
Virginia Place Add
County:
Bernalillo
Area:
71 - Southeast Heights
Property Description
The owner has made major improvements to the property and with the assistance of the management company repositioned it for the next investors to take advantage of upcoming rent increases and utility billback.The property contains a fourplex and triplex building. The triplex building contains a 2nd level residence - that is an incredible large and elegant single family residence of 1,300 sf.Gleaming hardwood floors, new mini-split HVAC systems, upgraded windows, and overhaul of the landscaping is just a small indication of the over $121,000 of work this owner has performed.With an average rent of $816, and at the list price of $708,022 the measures of investment performance include $101,146 per unit, $135.64 per square foot, a before reserves cap rates of 5.99%, and after tax
Exterior Features

Construction Materials Frame Levels Two Stories Total 2

Interior Features

Appliances Refrigerator Basement YN No Bathrooms Total Integer 1 Cooling Evaporative Cooling Cooling YN Yes Electric None Flooring TileWood Heating Multiple Heating Units

Property Features

Additional Parcels YN Yes Builder Name Unknown Building Area Total 5320 Disclosures Lead Based Paint DisclosureRanm 2100 Disclosure Listing Agreement Exclusive Right To Sell New Construction YN No Property Condition Resale Property Sub Type Multi Family Tax Annual Amount 3458 Tenant Pays OtherSee Remarks Utilities Municipal Utilities Zoning Description Mx-L*

Listing courtesy of Nm Apartment Advisors, Inc.. © 2021 Southwest Multiple Listing Service, Inc.


IDX information © 2021 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 Berkshire Hathaway HomeServices. Data last updated: 2021-11-30T13:04:57.213.
 
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