431/435 Texas Street NE
Albuquerque, NM 87108
MLS #895137

Multi-family
  • 6units
$277,500
Est. P&I payment: $1059.86/mo
431/435 Texas Street NE, Albuquerque, NM 87108
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Description for 431/435 Texas Street NE, Albuquerque, NM 87108
New stucco (May 2017). Separately metered electric, 435 is separately metered gas as well. 431 has 100 gal water heater, 435 has individual unit water heaters. Separate evaporative coolers for each unit.Long term tenants on month-to-month leases, all would like to stay. 93% occupancy rate this year, averages between 90-97%. Quick turns on units. All units rented.~13.65% CAP rate on rents at list price.Given 20% down, some closing costs, and $240k loan amount- approaches 68% cash-on-cash return, verify numbers based on rents to confirm return value. Solid investment and return.Pictures of all units available upon request.
MLS #895137
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My Notes for MLS #895137

General Features

  • Property Type: C
  • Approx Structured SqFt: 4,800
  • Year Built: 1962
  • Total Number of Buildings: 2
  • Stories: 1
  • Property Sub-Type: 6 Units
  • 5+ Units: Yes
  • Age: 50+
  • Number of Units: 6
  • Lot SqFt: 13,068
  • Zoning: R-2

Exterior Features

  • Number of Parking Spaces: 12
  • Exterior Material: Stucco
  • Parking: 2+Spaces Per Unit,​Paved Lot
  • Roof: Metal,​Pitched

Interior Features

  • Basement: Basement: No
  • Unit Type 1: Number of Units: 3
  • Unit Type 1: Number of Bedrooms: 2
  • Unit Type 1: Number Baths: 1
  • Unit Type 1: Average SqFt: 660
  • Unit Type 2: Number of Units: 1
  • Unit Type 2: Number of Bedrooms: 2
  • Unit Type 2: Number Baths: 1
  • Unit Type 2: Average SqFt: 660
  • Unit Type 3: Number of Units: 1
  • Unit Type 3: Number of Bedrooms: 2
  • Unit Type 3: Number Baths: 1
  • Unit Type 3: Average SqFt: 660
  • Unit Type 4: Number of Units: 1
  • Unit Type 4: Number of Bedrooms: 2
  • Unit Type 4: Number Baths: 1
  • Unit Type 4: Average SqFt: 660
  • Unit Summary: Total Units: 6
  • Unit Summary: Average Unit Size: 660
  • Unit Summary: Average Actual Rent: 573
  • Unit Summary: Annualized: 41,256
  • Flooring: Carpet,​Tile,​Vinyl

Utility Features

  • Amenities: Enclosed Yard,​Laundry Community,​No Landscaping,​Tenant Storage
  • Appliances included: Frestnd Elec Stv/Ovn,​Refrigerator
  • Cooling: Evaporative
  • Heating: Wall Unit
  • Utilities: Electric,​Natural Gas,​Some City

Financial Features

  • Approximate Taxes: 1,269
  • List Price/SqFt: 58
  • Foreclosure: No
  • Unit Type 1: Average Actual Rent: 550
  • Unit Type 1: Max Rent: 635
  • Unit Type 1: Market Rent: 525
  • Unit Type 2: Average Actual Rent: 425
  • Unit Type 2: Max Rent: 635
  • Unit Type 2: Market Rent: 525
  • Unit Type 3: Average Actual Rent: 838
  • Unit Type 3: Max Rent: 635
  • Unit Type 3: Market Rent: 525
  • Unit Type 4: Average Actual Rent: 525
  • Unit Type 4: Max Rent: 635
  • Unit Type 4: Market Rent: 525
  • Unit Summary: Total Actual Rent: 3,438
  • Finance Considered: Cash,​Conventional
  • Owner Pays: Maintenance,​Some Utilities,​Trash Removal,​Water
  • Tenant Pays: Electric,​Gas,​Some Utilities

Community Features

  • Subdivision: Mesa Verde

Miscellaneous Features

  • Disability Access: Unknown
  • Lead Base Paint: Yes
  • Construction: Frame

Location

 
Street View Not Available
Directions to 431/435 Texas Street NE, Albuquerque, NM 87108
From Wyoming and Copper, head West on Copper, Texas is 5th street. Head North on Texas to the properties. Properties are on West side of Texas.
The listing information for 431/435 Texas Street NE, Albuquerque, NM 87108 was graciously provided by our friends at the listing brokerage, Keller Williams Realty

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Please Note: All information in this site is deemed reliable but not guaranteed. The property information provided on Southwest Realty's websites is for personal, non-commercial use only and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Property information is gathered from third-party resources including the seller and public records. Southwest Realty, Onjax, LLC, its affiliates, owners, subsidiaries and subscribers disclaim any and all representations or warranties as to the accuracy or reliability of the information provided. You should verify all claims through personal inspection and/or contact with the appropriate real estate professionals.
Last Updated 02/21/2018 at 11:23pm
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