408 Rainbow Court SE #A,b,c,d
Albuquerque, NM 87123
MLS #901854

Multi-family
  • 4units
Pending Sale $279,000
Est. P&I payment: $1065.59/mo
408 Rainbow Court SE #A,b,c,d, Albuquerque, NM 87123
  • 408 Rainbow Court SE #A,b,c,d, Albuquerque, NM 87123 Photo 1
  • 408 Rainbow Court SE #A,b,c,d, Albuquerque, NM 87123 Photo 2
  • 408 Rainbow Court SE #A,b,c,d, Albuquerque, NM 87123 Photo 3
  • 408 Rainbow Court SE #A,b,c,d, Albuquerque, NM 87123 Photo 4
  • 408 Rainbow Court SE #A,b,c,d, Albuquerque, NM 87123 Photo 5
  • 408 Rainbow Court SE #A,b,c,d, Albuquerque, NM 87123 Photo 6
  • 408 Rainbow Court SE #A,b,c,d, Albuquerque, NM 87123 Photo 7
  • 408 Rainbow Court SE #A,b,c,d, Albuquerque, NM 87123 Photo 8
  • 408 Rainbow Court SE #A,b,c,d, Albuquerque, NM 87123 Photo 9
  • 408 Rainbow Court SE #A,b,c,d, Albuquerque, NM 87123 Photo 10
  • 408 Rainbow Court SE #A,b,c,d, Albuquerque, NM 87123 Photo 11
  • 408 Rainbow Court SE #A,b,c,d, Albuquerque, NM 87123 Photo 12
  • 408 Rainbow Court SE #A,b,c,d, Albuquerque, NM 87123 Photo 13
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Description for 408 Rainbow Court SE #A,b,c,d, Albuquerque, NM 87123
This extensively refurbished residential income property is ready for new owners. On a quiet cul de sac, this property is close to public transit, I-40,grocery stores, a movie theater, dining spots, etc. All 4 units feature 2 bdrms, 1 bath, balcony or large yard, fireplace, great storage, washer/dryer hook ups, spacious rooms & bright cheery kitchens. Updates include: tile, carpet, countertops, kitchen sinks & faucets, door hardware, rekeyable locks, front doors, ceiling fans & lighting, interior/exterior paint, new cedar fencing, newly planted trees & a refreshed parking lot. It's all under a brand new TPO roof. This exceptional property shows & rents above the rest. It is a luxury sized & appointed building for the area. At an 8% CAP rate, it would list at $298K.
MLS #901854
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My Notes for MLS #901854

General Features

  • Property Type: C
  • Units for Sale: 4
  • Approx Structured SqFt: 3,800
  • Year Built: 1979
  • Total Number of Stories: 2
  • Total Number of Buildings: 1
  • Stories: 2
  • Property Sub-Type: Four Plex
  • 5+ Units: No
  • Age: 31 - 40
  • Number of Units: 4
  • Lot SqFt: 11,326
  • Zoning: R-2

Exterior Features

  • Number of Parking Spaces: 6
  • Exterior Material: Brick Veneer,​Stucco
  • Parking: 1 Space Per Unit,​Assigned Parking,​Paved Lot
  • Roof: Flat,​Mansard,​Shingle,​TPO (G)

Interior Features

  • Basement: Basement: No
  • Unit Type 1: Number of Units: 2
  • Unit Type 1: Number of Bedrooms: 2
  • Unit Type 1: Number Baths: 1
  • Unit Type 1: Style: Contemporary
  • Unit Type 1: Average SqFt: 950
  • Unit Type 2: Number of Units: 2
  • Unit Type 2: Number of Bedrooms: 2
  • Unit Type 2: Number Baths: 1
  • Unit Type 2: Style: Contemporary
  • Unit Type 2: Average SqFt: 950
  • Unit Summary: Total Units: 4
  • Unit Summary: Average Unit Size: 950
  • Unit Summary: Average Actual Rent: 720
  • Unit Summary: Annualized: 34,560
  • Flooring: Carpet,​Tile

Utility Features

  • Amenities: Balconies/Deck,​Enclosed Yard,​Fireplace All Units,​Outside Lights,​Tenant Storage,​Wshr/Dryr HU in Unit
  • Appliances included: Dishwasher,​Disposal,​Dryer H/U,​Fan/Hood,​Frestnd Elec Stv/Ovn,​Range Hood,​Refrigerator,​Washer H/U
  • Cooling: Ceiling Fans(s),​Evaporative
  • Heating: Central Forced Air,​Gas
  • Utilities: All City,​Electric,​Natural Gas

Financial Features

  • Approximate Taxes: 2,567
  • List Price/SqFt: 73
  • Foreclosure: No
  • Unit Type 1: Average Actual Rent: 750
  • Unit Type 1: Max Rent: 750
  • Unit Type 1: Market Rent: 650
  • Unit Type 2: Average Actual Rent: 690
  • Unit Type 2: Max Rent: 750
  • Unit Type 2: Market Rent: 600
  • Unit Summary: Total Actual Rent: 2,880
  • Finance Considered: Cash,​Conventional,​FHA
  • Owner Pays: Sewer,​Trash Removal,​Water
  • Tenant Pays: Electric,​Gas

Community Features

  • Subdivision: Singing Arrow

Miscellaneous Features

  • Disability Access: No
  • Lead Base Paint: No
  • Construction: Frame

Location

 
Street View Not Available
Directions to 408 Rainbow Court SE #A,b,c,d, Albuquerque, NM 87123
East on Central from Juan Tabo. Turn south (right) onto Dorado. Turn west (right) onto Singing Arrow. Turn north (right) onto Rainbow Court. Property is the first on the right. Welcome Home!
The listing information for 408 Rainbow Court SE #A,b,c,d, Albuquerque, NM 87123 was graciously provided by our friends at the listing brokerage, Infinity Real Estate

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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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