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403 San Felipe Street NW

Albuquerque, NM 87104
  • $790,000
  • STATUS: Active
  • ON SITE: 8 Days
  • MLS #: 1028416
UPDATED: 62 min ago
$790,000
  • 0
    BEDS
  • 0.24
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
County:

School Ratings & Info

Description

This investment opportunity, located in Historic Old Town, is a three-unit mixed-use income property with a target IRR of 20.49% and capitalization rate of 5.71% at full optimization. The current owner has made significant repairs, including installing a new roof, fixing the plumbing, sewer, and electrical systems, adding a concrete slab foundation in one unit, repairing framing, sheetrock, and flooring, and installing new air conditioning systems. The property also offers off-street parking for up to 9 vehicles and a detached garage that can be used for parking or commercial purposes. The primary building is a charming adobe home with two bedrooms and two living areas that can also be used as retail or office space. Also included is a duplex building with a studio and 1 bedroom apartment.

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IDX information © 2023 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: 2023-01-29T16:05:11.2.
www.albuquerquehomefinders.com/homes/136309110
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403 San Felipe Street NW Albuquerque, NM 87104

  • Price: $790,000
  • Status: Active
  • On Site: 8 Days
  • Updated: 62 min ago
  • MLS #: 1028416
0
Beds
0
Baths
0
½ Baths
0.24
Acres
Neighborhood:
80 - Downtown Area
County:
Bernalillo
Area:
80 - Downtown Area
Property Description
This investment opportunity, located in Historic Old Town, is a three-unit mixed-use income property with a target IRR of 20.49% and capitalization rate of 5.71% at full optimization. The current owner has made significant repairs, including installing a new roof, fixing the plumbing, sewer, and electrical systems, adding a concrete slab foundation in one unit, repairing framing, sheetrock, and flooring, and installing new air conditioning systems. The property also offers off-street parking for up to 9 vehicles and a detached garage that can be used for parking or commercial purposes. The primary building is a charming adobe home with two bedrooms and two living areas that can also be used as retail or office space. Also included is a duplex building with a studio and 1 bedroom apartment.
Exterior Features

Construction Materials AdobeFrameStucco Parking Features On Site Parking Total 9 Road Surface Type Paved Stories Total 1

Interior Features

Cooling DuctlessEvaporative CoolingRefrigerated Cooling YN Yes Heating DuctlessFloor FurnaceWall Furnace Heating YN Yes

Property Features

Building Area Total 2227 Disclosures Ranm 2100 Disclosure Gross Income 30635 Land Lease YN No Leasable Area 100 Lease Considered YN No Lease Term Month To Month Listing Agreement Exclusive Right To Sell Listing Terms CashConventionalFhaVa Loan Operating Expense 21209 Property Sub Type Mixed Use Tax Annual Amount 8410.48 Tenant Pays None Utilities Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected Zoning Description Mx-T*

Southwest MLS] logo Listing courtesy of Keller Williams Realty: (505) 897-1100. © 2023 Southwest Multiple Listing Service, Inc.


IDX information © 2023 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: 2023-01-29T16:05:11.2.
 
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Keller Williams Realty
6703 Academy Road NE
Albuquerque NM, 87109