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423 Princeton Drive SE

Albuquerque, NM 87106
  • $508,245
  • STATUS: Active
  • ON SITE: 11 Days
  • MLS #: 1062189
UPDATED: 78 min ago
$508,245
  • 0
    BEDS
  • 0.16
    ACRES
  • 1
    BATHS
  • 0
    1/2 BATHS
  • 2,056
    SQFT
  • $247
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1940
County:

School Ratings & Info

Description

423 Princeton SE is located just 4 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 69 Walk Score, 79 Bike Score and a Transit score of 44, and is in the epi-center of the UNM/CNM campuses and close to the University area Smith's Grocery store.The property will have a unit ready for an owner occupant in the last half of May 2024.Measures of investment performance at ask price of $508,245 and current average rent of $975 are a GRM of 10.86, a 6.13% cap rate, $127,061 per unit, $247.20/sf. Ten recent closed or pending sales indicate a value closet to $510,269.The owner is including the ocean container unit, used for storage, located on the west side parking lot of the property, as part of the sale

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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: 2024-05-19T16:05:20.2.
www.albuquerquehomefinders.com/homes/150285372
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423 Princeton Drive SE Albuquerque, NM 87106

  • Price: $508,245
  • Status: Active
  • On Site: 11 Days
  • Updated: 78 min ago
  • MLS #: 1062189
0
Beds
1
Baths
0
½ Baths
0.16
Acres
2,056
SQFT
$247
$/SQFT
1940
Built
Neighborhood:
university heights
County:
Bernalillo
Area:
42 - UNM South
Property Description
423 Princeton SE is located just 4 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 69 Walk Score, 79 Bike Score and a Transit score of 44, and is in the epi-center of the UNM/CNM campuses and close to the University area Smith's Grocery store.The property will have a unit ready for an owner occupant in the last half of May 2024.Measures of investment performance at ask price of $508,245 and current average rent of $975 are a GRM of 10.86, a 6.13% cap rate, $127,061 per unit, $247.20/sf. Ten recent closed or pending sales indicate a value closet to $510,269.The owner is including the ocean container unit, used for storage, located on the west side parking lot of the property, as part of the sale
Exterior Features

Construction Materials Frame Exterior Features Landscaping Levels One Stories Total 1

Interior Features

Appliances Refrigerator Basement YN Yes Cooling Evaporative Cooling Cooling YN Yes Flooring Carpet Tile Wood Heating Central Forced Air Heating YN Yes

Property Features

Accessibility Features None Builder Name Unknown Building Area Total 2056 Green Energy Generation None Gross Income 44460 Listing Agreement Exclusive Right To Sell Listing Terms Cash Conventional FHA VALoan New Construction YN No Occupant Type Owner Operating Expense 14184 Property Condition Resale Property Sub Type Quadruplex Property Sub Type Additional Quadruplex Tax Annual Amount 2398.62 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: 2024-05-19T16:05:20.2.
 
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Keller Williams Realty
6703 Academy Road NE
Albuquerque NM, 87109