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146 Rhode Island Street SE

Albuquerque, NM 87108
  • $352,950
  • STATUS: Active
  • ON SITE: 25 Days
  • MLS #: 1015980
UPDATED: 12 min ago
$352,950
  • 2
    BEDS
  • 0.15
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,000
    SQFT
  • $118
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1980
County:

School Ratings & Info

Description

Did you know that the average fourplex sales price of $322,844 reflects an appreciation of 31% between 2020 to 2021? Or that 25% of the fourplex market is in product that sold for more than $400,000? Or that fourplexes sales in the Q1-2022 have appreciate 12%.146 Rhode Island SE has average rents of $763 and at the ask price of $352,950 the measures of investment performance include a GRM of 9.64, a before reserves cap rate of 5.21% and an after tax IRR of 15.90%. In addition to raising rents to the market untapped upside exists in renovating and generating income from the unused laundry room and storage closets.

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IDX information © 2022 The Southwest Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by The Southwest Multiple Listing Service or Keller Williams Realty. Data last updated: 2022-06-28T12:05:16.243.
www.albuquerquehomefinders.com/homes/129421206
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146 Rhode Island Street SE Albuquerque, NM 87108

  • Price: $352,950
  • Status: Active
  • On Site: 25 Days
  • Updated: 12 min ago
  • MLS #: 1015980
2
Beds
0
Baths
0
½ Baths
0.15
Acres
3,000
SQFT
$118
$/SQFT
1980
Built
Neighborhood:
Unity Addition
County:
Bernalillo
Area:
71 - Southeast Heights
Property Description
Did you know that the average fourplex sales price of $322,844 reflects an appreciation of 31% between 2020 to 2021? Or that 25% of the fourplex market is in product that sold for more than $400,000? Or that fourplexes sales in the Q1-2022 have appreciate 12%.146 Rhode Island SE has average rents of $763 and at the ask price of $352,950 the measures of investment performance include a GRM of 9.64, a before reserves cap rate of 5.21% and an after tax IRR of 15.90%. In addition to raising rents to the market untapped upside exists in renovating and generating income from the unused laundry room and storage closets.
Exterior Features

Construction Materials Frame Levels Two Parking Total 6 Stories Total 2

Interior Features

Appliances Refrigerator Basement YN No Bathrooms Total Integer 1 Cooling Evaporative Cooling Cooling YN Yes Electric None Flooring CarpetTile Heating CentralForced Air Heating YN Yes

Property Features

Additional Parcels YN Yes Builder Name Unknown Building Area Total 3000 Disclosures Ranm 2100 Disclosure Gross Income 34770 Listing Agreement Exclusive Right To Sell New Construction YN No Operating Expense 16381 Property Condition Resale Property Sub Type Quadruplex Property Sub Type Additional Quadruplex Tax Annual Amount 2110.94 Tenant Pays OtherSee Remarks Utilities Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected Zoning Description Mx-L*

Southwest MLS] logo Listing courtesy of Nm Apartment Advisors, Inc.. © 2022 Southwest Multiple Listing Service, Inc.


IDX information © 2022 The Southwest Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by The Southwest Multiple Listing Service or Keller Williams Realty. Data last updated: 2022-06-28T12:05:16.243.
 
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Keller Williams Realty
6703 Academy Road NE
Albuquerque NM, 87109