1040 Meadowlark Court SE
Rio Rancho, NM 87124
MLS #878464

Multi-family
  • 4units
$181,000
Est. P&I payment: $691.3/mo
1040 Meadowlark Court SE, Rio Rancho, NM 87124
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Description for 1040 Meadowlark Court SE, Rio Rancho, NM 87124
Well located fourplex in booming Rio Rancho - located just north of Intel and surrounded by retail opportunities.Back on the market - Unit 4 just renovated - see photos - 2 vacant units need cabinets, appliances and finishes, to be rentable.Rio Rancho's has pent up demand for over 5,000 additional units - yields amazing upside on this property.Do not disturb residents, make offer subject to inspection.Property needs work - owner says get it moved! In the event of multiple offers, seller has authorized listing agent to use the BID process.
MLS #878464
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My Notes for MLS #878464

General Features

  • Property Type: C
  • Units for Sale: 4
  • Approx Structured SqFt: 3,158
  • Year Built: 1981
  • Total Number of Stories: 1
  • Total Number of Buildings: 1
  • Stories: 2
  • Property Sub-Type: Four Plex
  • 5+ Units: No
  • Age: 31 - 40
  • Number of Units: 4
  • Lot SqFt: 6,970
  • Zoning: R-2

Exterior Features

  • Exterior Material: Stucco

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: Average SqFt: 788
  • Unit Type 2: Number of Units: 2
  • Unit Type 2: Number of Bedrooms: 2
  • Unit Type 2: Number Baths: 1
  • Unit Type 2: Average SqFt: 788
  • Unit Summary: Total Units: 4
  • Unit Summary: Average Unit Size: 788
  • Unit Summary: Average Actual Rent: 568
  • Unit Summary: Annualized: 27,240
  • Flooring: Carpet,​Vinyl

Utility Features

  • Amenities: Wshr/Dryr HU in Unit
  • Appliances included: Refrigerator
  • Cooling: Evaporative
  • Heating: Central Forced Air
  • Utilities: All City

Financial Features

  • Approximate Taxes: 2,383
  • List Price/SqFt: 57
  • Foreclosure: No
  • Unit Type 1: Average Actual Rent: 535
  • Unit Type 1: Max Rent: 600
  • Unit Type 1: Market Rent: 687
  • Unit Type 2: Average Actual Rent: 600
  • Unit Type 2: Max Rent: 600
  • Unit Type 2: Market Rent: 687
  • Unit Summary: Total Actual Rent: 2,270
  • Finance Considered: Conventional,​FHA,​VA
  • Owner Pays: Other - See Remarks,​Some Utilities
  • Tenant Pays: Other - See Remarks

Community Features

  • Subdivision: Meadowlark

Miscellaneous Features

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

Location

 
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Directions to 1040 Meadowlark Court SE, Rio Rancho, NM 87124
From I-25 and Alameda, west on Alameda across the Rio Grand River - continue as Alameda merges into Highway 528 - north to Southern, east to Meadowlark, north to the property.
The listing information for 1040 Meadowlark Court SE, Rio Rancho, NM 87124 was graciously provided by our friends at the listing brokerage, NM Apartment Advisors, Inc.

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P&I Payment $691.3
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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 01/17/2018 at 10:21am
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