134 S Rhode Island ST SE Active Save Request In-Person Tour Request Virtual Tour
Albuquerque,NM 87108
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,060 sqft
Price per Sqft $147
Subdivision Of Unity Add
MLS Listing ID 1094441
Bedrooms 2
Construction Status Resale
HOA Y/N No
Year Built 1980
Annual Tax Amount $2,813
Lot Size 6,969 Sqft
Acres 0.16
Lot Dimensions Appraiser
Property Sub-Type Quadruplex
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 $57,000 annually, with a 5% vacancy allowance ($54,000). With estimated annual operating expenses of $20,700, the pro forma net operating income (NOI) is approximately $33,400, yielding a projected cap rate of 7.42%, with a 27.52% IRR with a five-year hold.
Location
State NM
County Bernalillo
Area 71 - Southeast Heights
Interior
Heating Central, Forced Air
Cooling Evaporative Cooling
Flooring Tile, Vinyl, Wood
Fireplace No
Appliance Refrigerator
Exterior
Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Total Parking Spaces 4
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Construction Status Resale
Others
Tax ID 101905731802440207
Acceptable Financing Cash,Owner May Carry
Green/Energy Cert None
Listing Terms Cash,Owner May Carry