NOT LISTED FOR SALE

500 Texas St NE Albuquerque, NM 87108

Fairgrounds Neighborhood
2 Beds
1 Bath
-- Sq Ft
7,144 Sq Ft Lot

Last Sold December 17, 2020

52 Days on Market

Highlights

  • Evaporated cooling system
  • Forced Air Heating System
  • Community Storage Space
  • Tile Flooring

About This Home

As of December 2020

9% CAP RATE, 23.5% Cash on Cash, $10,367 Annual Cashflow. The multifamily market is booming and this price reduction makes this 4 Plex a slam dunk. All units are 2 Bedroom 1 Bath with an owner's unit in the back that has laundry hook ups and large fenced yard. Rents are being increased to Market Rate at $675 and $750.

Last Agent to Sell the Property

Guy Gemmer

PS Properties License #17797 Listed on: 08/25/2020

Co-Listed By

PS Team

CENTURY 21 Camco Realty

Last Buyer's Agent

Maria Candelaria

Realty One of New Mexico

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,082

Year Built

  • Built in 1980

Lot Details

  • 7,144

Home Design

  • Quadruplex
  • Frame Construction
  • Stucco

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Utilities

  • Evaporated cooling system
  • Forced Air Heating System
  • Natural Gas Connected

Additional Features

  • Property has 2 Levels
  • 7,144 Sq Ft Lot

Community Details

  • 4 Units
  • Community Storage Space

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for sewer, trash collection, water
  • Assessor Parcel Number 101905739333810436

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,082

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Quadruplex
  • Directions: Head south on Wyoming from Lomas to Marquette and west to Texas. South to property
  • Listing Contract Date: 2020-08-04
  • Year Built: 1980
  • Lot Size Acres: 0.16
  • Co List Office Mls Id: PSCP01
  • Co List Office Phone: (505) 553-2640
  • Unit Levels: Two
  • New Construction: No
  • Property Sub Type Additional: Quadruplex
  • Special Features: None

Interior Features

  • Flooring: Laminate, Tile
  • Appliances: Refrigerator
  • Stories: 2
  • Number Of Buildings: 1
  • Accessibility Features: None
  • Basement YN: No
  • Total Bedrooms: 2

Exterior Features

  • Disclosures: RANM 2100 Disclosure
  • Builder Name: Unknown
  • Construction Type: Frame, Stucco
  • Property Condition: Resale

Utilities

  • Cooling: Evaporative Cooling
  • Electric: None
  • Heating: Central, Forced Air
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Storage Facilities

Lot Info

  • Lot Size Sq Ft: 7143.84
  • Parcel #: 101905739333810436
  • Zoning Description: R-ML*

Rental Info

  • Tenant Pays: Electricity, Gas
  • Owner Pays: Sewer, Trash Collection, Water

Multi Family

  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 2082.48

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/17/2020 12/17/20 Sold -- -- --
10/16/2020 10/16/20 Pending -- -- --
10/08/2020 10/08/20 Price Changed $219,899 0.0% --
09/14/2020 09/14/20 Price Changed $219,900 -8.0% --
08/25/2020 08/25/20 For Sale $239,000 +54.2% --
11/30/2018 11/30/18 Sold -- -- --
11/09/2018 11/09/18 Pending -- -- --
10/29/2018 10/29/18 For Sale $155,000 -- $44 / Sq Ft
Source: Southwest MLS (Greater Albuquerque Association of REALTORS®)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Guy Gemmer

    Seller's Agent in 2020

    Guy Gemmer

    PS Properties

    (505) 890-6993

    5 in this area

    30 Total Sales

    Guy Gemmer
    Section Image

  • P

    Seller Co-Listing Agent in 2020

    PS Team

    CENTURY 21 Camco Realty

    (505) 259-9089

    6 in this area

    126 Total Sales

    PS Team
    Section Image

  • M

    Buyer's Agent in 2020

    Maria Candelaria

    Realty One of New Mexico

  • T

    Seller's Agent in 2018

    Trish Dawson

    Coldwell Banker Legacy

    (505) 898-9380

    9 Total Sales

    Trish Dawson
    Section Image

  • M

    Buyer's Agent in 2018

    Marty Garcia

    Coldwell Banker Legacy

See All Agents

Map

Source: Southwest MLS (Greater Albuquerque Association of REALTORS®)

MLS Number: 975618

Southwest MLS (Greater Albuquerque Association of REALTORS®)

APN: 1-019-057-393-338-1-04-36

New Mexico Bernalillo County Albuquerque 87108 Fairgrounds

500 Texas St NE, Albuquerque, NM

This home is located at 500 Texas St NE, Albuquerque, NM 87108 since 25 August 2020. This property was built in 1980. 500 Texas St NE is a home located in Bernalillo County with nearby schools including La Mesa Elementary School, Hayes Middle School, and Highland High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Southwest MLS (Greater Albuquerque Association of REALTORS®) IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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