BEDS2
BATHS
SQUARE FEET3,060
MLS#1094441
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONOf Unity Add
Property Description
Priced at $450,000, 134 Rhode Island St SE is a two-story fourplex located in Southeast Albuquerque. This 3,060 sq. ft. property offers four (4) 2-bedroom, 1-bathroom units on a 0.155-acre lot and is located near Central Ave, Zuni Rd, and major arterial routes, making it attractive to long-term renters.The property has a projected gross income of $57,600 annually. With estimated annual operating expenses of $36,122, the pro forma net operating income (NOI) is approximately $38.522, yielding a projected cap rate of 6.2%, with a 29.80% before tax IRR. This listing is part of a larger portfolio that includes two single-family income-producing homes. The seller is offering a Real Estate Contract REC at 5.5% to qualified investors.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Evaporative Cooling
Heating: Central, Forced Air
Lot Size: 0.16 Acres
Stories: 2.0
Taxes: $2,813
Year Built: 1980
Feature Descriptions
Appliances: Refrigerator
Days on Site: 134
Flooring: Tile, Vinyl, Wood
Parcel#: 101905731802440207
Units: 4
Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Listed By / Shown By
Listed By
Agency Name: Berger Briggs RE & Prop Mgmt
Agency Phone: (505) 247-0444
Shown By
Agent Name: Randy Arnn
Agent Phone: (505) 480-2555
Agency Title: Coldwell Banker Legacy
Estimate Your Payment
Estimated Payment
$ 1,367.17 per month $1,001.50 Principal & Interest $234.42 Property Tax $131.25 Homeowner's InsuranceChange Payment Information
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134 S Rhode Island Street Se | MLS# 1094441
This multi-family property located at 134 S Rhode Island Street Se, Albuquerque, NM 87108 is currently listed for sale with an asking price of $450,000. Search Albuquerque real estate on rarnn.cblegacy.com today.