NOT LISTED FOR SALE
1 Bed
1 Bath
2,140 Sq Ft
7,405 Sq Ft Lot

Sale Details

Date Sold: July 20, 2023

2 Days on Market

Highlights

  • Evaporated cooling system
  • Forced Air Heating System
  • Property has 1 Level
  • Landscaped
  • Carpet
  • 3-minute walk to Redlands Park

About This Home

As of July 2023

Attention investors! This fantastic 4-plex is an ideal opportunity you don't want to miss. Located right across from Redlands park and within close proximity to shopping. This property offers convenience and potential for great returns. With a favorable price point, it's the perfect investment opportunity to add to your portfolio. Great location close to I-40. Well maintained, 1 hot water tank per 2 units. The 2 back units have back yards. Security windows and doors. Tenant pays for gas and electric. Owners pay for water, sewer and trash. Evaporative coolers replaced in 2022. Sold as/is

Last Agent to Sell the Property

Michelle Rohl

ERA Summit License #33141 Listed on: 06/08/2023

Last Buyer's Agent

Melissa Morenus

Silver Leaf Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,190

Year Built

  • Built in 1972

Lot Details

  • 7,405 Sq Ft Lot
  • Landscaped

Home Design

  • Quadruplex
  • Frame Construction

Interior Spaces

  • 2,140 Sq Ft Home
  • Property has 1 Level

Kitchen

  • Free-Standing Electric Range
  • Range Hood

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Utilities

  • Evaporated cooling system
  • Forced Air Heating System
  • Natural Gas Connected
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 101106030021031204

Community Details

Overview

  • 2,140 Sq Ft Building

Building Details

  • Operating Expense $10,157
  • Gross Income $27,520

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,190

Year Built

Built in 1972

Lot Details

7,405 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Quadruplex
  • Directions: North From I-40 And Coors To Sequoia. East To Yucca, South To Property
  • Year Built: 1972
  • Lot Size Acres: 0.17
  • Unit Levels: One
  • New Construction: No
  • Year Built Details: 41 - 50
  • Property Sub Type Additional: Quadruplex
  • ResoBuildingAreaSource: Plans
  • Special Features: VirtualTour

Interior Features

  • Flooring: Carpet, Vinyl
  • Appliances: Free-Standing Electric Range, Refrigerator, Range Hood
  • Stories: 1
  • Number Of Buildings: 1
  • Basement YN: No
  • Total Bedrooms: 1
  • Living Area: 2140.0
  • Stories: 1
  • ResoLivingAreaSource: Plans

Exterior Features

  • Exterior Features: Landscaping
  • Disclosures: Lead Based Paint Disclosure, RANM 2100 Disclosure
  • Builder Name: unknown
  • Construction Type: Frame
  • Property Condition: Resale

Utilities

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

Green Features

  • Green Power: None

Lot Info

  • Lot Size Sq Ft: 7405.2
  • Parcel #: 101106030021031204
  • Zoning Description: RM-1

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 27520.0
  • Annual Operating Expense: 10157.0

Tax Info

  • Tax Annual Amount: 3189.62
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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 List to Sale Price per Sq Ft
07/20/2023 07/20/23 Sold -- -- --
06/11/2023 06/11/23 Pending -- -- --
06/08/2023 06/08/23 For Sale $375,000 -- $175 / Sq Ft
Source: Southwest MLS (Greater Albuquerque Association of REALTORS®)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $4,258 $112,773 $22,726 $90,047
2024 $4,619 $109,489 $22,064 $87,425
2023 $3,091 $72,326 $22,064 $50,262
2022 $3,190 $74,992 $8,832 $66,160
2021 $3,175 $74,992 $8,832 $66,160
2020 $3,217 $74,992 $8,832 $66,160
2019 $1,524 $35,531 $9,097 $26,434
2018 $1,469 $35,531 $9,097 $26,434
2017 $1,467 $34,496 $8,832 $25,664
2016 $1,442 $33,884 $9,370 $24,514
2015 $32,897 $32,897 $9,097 $23,800
2014 $1,356 $31,939 $8,832 $23,107
2013 -- $48,324 $9,097 $39,227
Source: Public Records

Agents Affiliated with this Home

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

MLS Number: 1035800

Southwest MLS (Greater Albuquerque Association of REALTORS®)
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