Great 8-unit rental investment opportunity!! All Tile floors, xeriscape common area, all interior paint on file, all units designed for low maintenance. W/D Hookups in each unit, Open Floorplans, Evap Coolers, Security Gate, All Units have Refrigerator, Freezer, Oven & Range. Consistently high occupancy %. Walk Score of (55), Bike score of (63) & and transit score of (63) respectively. Very near art bus station, public transit, and freeway. Close to shopping centers, Groceries, Schools, Parks, Restaurants, Kirkland air force base, Downs Casino, Coronado Mall, UNM/Nob Hill. Very consistent and high occupancy rates. Consists of 2 4-plex buildings with individual parcel id's for easy 30-year fixed mortgages. Cap Rate (10.63%) GRM (7.18) Cash on Cash (23.20%) DCR (1.92)
- Price:
- $580,000
- Bedrooms:
- 2
- Square Footage:
- 5,432
- Acreage:
- 0.31
- Year Built:
- 1960
- Listing ID #:
- 1028463
- Street Address:
- 336&340 Pennsylvania St NE
- City:
- Albuquerque
- State:
- New Mexico
- Postal Code:
- 87108
- County:
- Bernalillo
- Community:
- 70 - Fairgrounds
- Listing Status:
- Active
- Listing Type:
- Residential Income
- Approximate Total Liveable Area:
- 5432
- Builder:
- Unkown
- Building Condition:
- Resale
- Building Security:
- Security Gate
- Construction Description:
- Frame
- Exterior Features:
- Landscaping, Lighting
- Flooring:
- Tile
- Number Of Floors In Unit:
- One
- Number Of Units:
- 8
- Stories:
- 1
- Total # Of Buildings:
- 2
- Total Building Square Footage:
- 5432
- Year Built:
- 1960
- Year Built Description:
- 61 - 70
- Approximate Lot Size Range Source:
- Estimated
- Lot Square Footage:
- 13634
- Zoning Description:
- R-2
- Days On Market:
- 63
- On Market Date:
- 2023-01-20
- Originating Mls:
- Swmls
- Property Disclosures:
- Lead Based Paint Disclosure, Ranm2100disclosure
- Terms:
- Cash, Conventional, Fha, Valoan
- Property Taxes:
- $1,812
- Tenant Pays:
- Electricity, Gas
- Laundry:
- Washer Hookup, Dryer Hookup, Electric Dryer Hookup, In Unit
- Parking Spaces:
- 10
- Appliances:
- Free-Standing Electric Range, Free-Standing Gas Range, Refrigerator, Range Hood
- Cooling System:
- Evaporative Cooling
- Has Central Air Conditioning:
- Yes
- Heating:
- Wall Furnace
- Utilities:
- Cable Available, Electricity Connected, Natural Gas Connected, Sewer Available, Sewer Connected, Water Available, Water Connected
- Unit 1 Monthly Rent:
- 775
- Unit 1 Total Bathrooms:
- 1
- Unit 1 Total Bedrooms:
- 2
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.
Your Payment
$1,400/mo
Source: CINC
- Listing Provided By: Marc A Romero with Elysium Realty Group
