501 Texas Street NE
Albuquerque, NM 87108
MLS #902665

Multi-family
  • 10units
$375,000
Est. P&I payment: $1432.25/mo
501 Texas Street NE, Albuquerque, NM 87108
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Description for 501 Texas Street NE, Albuquerque, NM 87108
Monthly gross income is $4,850.00, Professionally managed. Currently no vacancy. Great, low maintenance income property. No deferred maintenance.No Seller financing. Appraised at $390K in Oct 2014!!Please make offer, subject to Inspection.
MLS #902665
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My Notes for MLS #902665

General Features

  • Property Type: C
  • Units for Sale: 10
  • Approx Structured SqFt: 5,868
  • Year Built: 1974
  • Total Number of Stories: 2
  • Total Number of Buildings: 2
  • Stories: 2
  • Property Sub-Type: 9 or More Units
  • 5+ Units: Yes
  • Age: 41 - 50
  • Number of Units: 10
  • Lot SqFt: 12,632
  • Zoning: R-2

Exterior Features

  • Number of Parking Spaces: 10
  • Exterior Material: Stucco
  • Parking: 1.5 Spaces Per Unit

Interior Features

  • Basement: Basement: No
  • Unit Type 1: Number of Units: 8
  • Unit Type 1: Number of Bedrooms: 1
  • Unit Type 1: Number Baths: 1
  • Unit Type 1: Average SqFt: 565
  • Unit Type 2: Number of Units: 1
  • Unit Type 2: Number of Bedrooms: 1
  • Unit Type 2: Number Baths: 1
  • Unit Type 2: Average SqFt: 565
  • 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: 700
  • Unit Summary: Total Units: 10
  • Unit Summary: Average Unit Size: 579
  • Unit Summary: Average Actual Rent: 488
  • Unit Summary: Annualized: 58,500
  • Flooring: Carpet,​Tile

Utility Features

  • Amenities: Balconies/Deck,​Owners Unit
  • Appliances included: Frestnd Elec Stv/Ovn,​Refrigerator
  • Cooling: Evaporative
  • Heating: Wall Unit
  • Utilities: All City,​Electric

Financial Features

  • Approximate Taxes: 3,297
  • List Price/SqFt: 64
  • Foreclosure: No
  • Unit Type 1: Average Actual Rent: 480
  • Unit Type 1: Max Rent: 480
  • Unit Type 1: Market Rent: 500
  • Unit Type 2: Average Actual Rent: 460
  • Unit Type 2: Max Rent: 480
  • Unit Type 2: Market Rent: 500
  • Unit Type 3: Average Actual Rent: 575
  • Unit Type 3: Max Rent: 575
  • Unit Type 3: Market Rent: 600
  • Unit Summary: Total Actual Rent: 4,875
  • Finance Considered: Cash,​Conventional
  • Owner Pays: Gas,​Sewer,​Trash Removal,​Water
  • Tenant Pays: Electric

Community Features

  • Subdivision: Mesa Verde

Miscellaneous Features

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

Location

 
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Directions to 501 Texas Street NE, Albuquerque, NM 87108
Wyoming/Marquette go west on Marquette, north on Texas to 501 (on West side of street
The listing information for 501 Texas Street NE, Albuquerque, NM 87108 was graciously provided by our friends at the listing brokerage, Sena Properties, Inc.

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P&I Payment $1432.25
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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 01/18/2018 at 4:14am
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