645 Valley High Avenue SE
Albuquerque, NM 87105
MLS #902621

Multi-family
  • 9units
$395,000
Est. P&I payment: $1508.63/mo
645 Valley High Avenue SE, Albuquerque, NM 87105
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Description for 645 Valley High Avenue SE, Albuquerque, NM 87105
Buy an 8-plex and get a HOUSE FOR FREE! Net Income on 8-plex units is $ 30,814at 7.75% CAP Rate price would be $397,000 we're throwing in the house at no additional chargethat's $900/month of free income! Updates include new double pane Low-E windows, roof mounted swamp coolers, refinished hard wood floors in half of the units, updated septic system, newer water heaters in half the units, $10,000 worth of new electrical in 2012. House remodeled in 2012. Ownership group contains Realtors. Listing Broker is not an owner.
MLS #902621
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My Notes for MLS #902621

General Features

  • Property Type: C
  • Units for Sale: 9
  • Approx Structured SqFt: 5,872
  • Year Built: 1959
  • Acres: 1
  • Total Number of Buildings: 3
  • Stories: 1
  • Property Sub-Type: 9 or More Units
  • 5+ Units: Yes
  • Age: 50+
  • Number of Units: 9
  • Lot SqFt: 60,078
  • Zoning: M-1

Exterior Features

  • Exterior Material: Stucco

Interior Features

  • Basement: Basement: No
  • Unit Type 1: Number of Units: 4
  • Unit Type 1: Number of Bedrooms: 1
  • Unit Type 1: Number Baths: 1
  • Unit Type 1: Average SqFt: 566
  • Unit Type 2: Number of Units: 4
  • Unit Type 2: Number of Bedrooms: 1
  • Unit Type 2: Number Baths: 1
  • Unit Type 2: Average SqFt: 477
  • Unit Type 3: Number of Units: 1
  • Unit Type 3: Number of Bedrooms: 4
  • Unit Type 3: Number Baths: 2
  • Unit Type 3: Average SqFt: 1,700
  • Unit Summary: Total Units: 9
  • Unit Summary: Average Unit Size: 652
  • Unit Summary: Average Actual Rent: 589
  • Unit Summary: Annualized: 63,600
  • Flooring: Carpet,​Wood

Utility Features

  • Amenities: Enclosed Yard,​Outside Lights
  • Appliances included: Frestnd Elec Stv/Ovn,​Refrigerator
  • Cooling: Evaporative
  • Heating: Floor Furnace,​Wall Unit
  • Utilities: Electric,​Natural Gas,​Septic

Financial Features

  • Approximate Taxes: 4,112
  • List Price/SqFt: 67
  • Foreclosure: No
  • Unit Type 1: Average Actual Rent: 550
  • Unit Type 1: Max Rent: 550
  • Unit Type 1: Market Rent: 550
  • Unit Type 2: Average Actual Rent: 550
  • Unit Type 2: Max Rent: 550
  • Unit Type 2: Market Rent: 550
  • Unit Type 3: Average Actual Rent: 900
  • Unit Type 3: Max Rent: 1,000
  • Unit Type 3: Market Rent: 1,000
  • Unit Summary: Total Actual Rent: 5,300
  • Finance Considered: Cash,​Conventional,​FHA
  • Owner Pays: Sewer,​Water
  • Tenant Pays: Electric,​Gas

Miscellaneous Features

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

Location

 
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Directions to 645 Valley High Avenue SE, Albuquerque, NM 87105
Rio Bravo & Broadway, south on Broadway to Valley High Rd. Right to property
The listing information for 645 Valley High Avenue SE, Albuquerque, NM 87105 was graciously provided by our friends at the listing brokerage, Maestas & Ward Commercial RE

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Last Updated 04/26/2018 at 4:57am
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