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311 Princeton Drive SE

Albuquerque, NM 87106
  • $459,974
  • STATUS: Active
  • ON SITE: 16 Days
  • MLS #: 1061818
UPDATED: 36 min ago
$459,974
  • 2
    BEDS
  • 0.16
    ACRES
  • 1
    BATHS
  • 0
    1/2 BATHS
  • 2,709
    SQFT
  • $170
    $/SQFT
Type:
Multi-Family
Built:
1940
County:

School Ratings & Info

Description

311 Princeton SE is located just 3 blocks to UNMs main campus with quick and immediate access to an ART Stop and all that downtown and Nob Hill have to offer. With a 77 Walk Score, 85 Bike Score and a Transit score of 43, and is in the epi-center of the UNM/CNM campuses and is just steps from the Smiths Grocery store.The owner has positioned this sale to make it easy for an owner occupant to view the main house.Measures of investment performance at ask price of $459,974 and current average rent of $1,133 are a GRM of 11.27, a 5.87% cap rate, $153,325 per unit, $169.79/sf. Ten recent closed or pending sales indicate a value closet to $465,092.

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IDX information © 2024 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: 2024-05-19T22:05:02.73.
www.albuquerquehomefinders.com/homes/150118425
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311 Princeton Drive SE Albuquerque, NM 87106

  • Price: $459,974
  • Status: Active
  • On Site: 16 Days
  • Updated: 36 min ago
  • MLS #: 1061818
2
Beds
1
Baths
0
½ Baths
0.16
Acres
2,709
SQFT
$170
$/SQFT
1940
Built
Neighborhood:
University Heights Addition
County:
Bernalillo
Area:
42 - UNM South
Property Description
311 Princeton SE is located just 3 blocks to UNMs main campus with quick and immediate access to an ART Stop and all that downtown and Nob Hill have to offer. With a 77 Walk Score, 85 Bike Score and a Transit score of 43, and is in the epi-center of the UNM/CNM campuses and is just steps from the Smiths Grocery store.The owner has positioned this sale to make it easy for an owner occupant to view the main house.Measures of investment performance at ask price of $459,974 and current average rent of $1,133 are a GRM of 11.27, a 5.87% cap rate, $153,325 per unit, $169.79/sf. Ten recent closed or pending sales indicate a value closet to $465,092.
Exterior Features

Construction Materials Frame Exterior Features Landscaping Levels One Stories Total 1

Interior Features

Appliances Refrigerator Basement YN No Cooling Evaporative Cooling Cooling YN Yes Flooring Tile Vinyl Wood Heating Central Forced Air Heating YN Yes

Property Features

Builder Name Unknown Building Area Total 2709 Green Energy Generation None Gross Income 38760 Listing Agreement Exclusive Agency Listing Terms Cash Conventional FHA VALoan New Construction YN No Occupant Type Owner Operating Expense 11780 Property Condition Resale Property Sub Type Triplex Property Sub Type Additional Triplex Tax Annual Amount 3601.42 Tenant Pays Other See Remarks Utilities Electricity Connected Natural Gas Connected Sewer Connected Water Connected Zoning Description R- ML*

Southwest MLS] logo Listing courtesy of NM Apartment Advisors, Inc.: (505) 440-8633. © 2024 Southwest Multiple Listing Service, Inc.


IDX information © 2024 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: 2024-05-19T22:05:02.73.
 
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Keller Williams Realty
6703 Academy Road NE
Albuquerque NM, 87109