316 PRINCETON DR SE new Save Request In-Person Tour Request Virtual Tour
Albuquerque,NM 87106
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1084611
Bedrooms 1
Construction Status Resale
HOA Y/N No
Year Built 1977
Annual Tax Amount $2,982
Lot Size 6,969 Sqft
Acres 0.16
Lot Dimensions Public Records
Property Sub-Type Multi Family
Property Description
Currently a 6% Market Cap Opportunity in the heart of the University Area! Owner asking less than $96k/Unit!!! This complex offers 12 units; 6 (1 bedroom floor plans) & 6 (studio floor plans) each with patio space located in a single 2-story building with 18 covered parking spaces. Capital Improvements: Each unit has been updated with tile or laminate and mini-split units. Newer roof installed in 2023. All current rents are below market rents and present an investor with a potential 8.5% Cap if rents are brought up to current market pricing. INDIVIDUAL UNITS NOT FOR SALE.
Location
State NM
County Bernalillo
Area 42 - Unm South
Interior
Heating Ductless
Cooling Ductless, Refrigerated
Flooring Laminate, Tile, Vinyl
Fireplace No
Appliance Free-Standing Electric Range,Refrigerator
Exterior
Exterior Feature Lighting
Community Features Deck/ Porch
Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Total Parking Spaces 1
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Construction Status Resale
Others
Tax ID 101605719412431721
Acceptable Financing Cash,Conventional,Other,See Remarks
Green/Energy Cert None
Listing Terms Cash,Conventional,Other,See Remarks