1 month on rocket

130 Rhode Island St SE, Albuquerque, NM, 87108

$373,105

Home List Price

$4,431*

Closing Credit

2 Bedrooms
1 Bath
3,000 SqFt
$124/SqFt
Multi
Schools Nearby

Location

Image provided by Mapbox

Get An Agent. Get A Mortgage.

Save BIG.

Rocket Homes logo

130 Rhode Island St SE, Albuquerque$373,105

Buyer Closing Credits

$4,431*

1.25% Loan Amount

Rocket Homes logo

Still Have Questions? Contact Us.

Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeQuadruplex
Year Built1980
HeatingCentral, Forced Air
CoolingEvaporative Cooling
MLS #1058183
Lot Size0.16 Acres
StatusActive

About 130 Rhode Island St SE

130 Rhode Island SE with average rents now at $830, a 18% increase over June 2022 when they averaged $681 and at the ask price of $373,105 the measures of investment performance include a GRM of 9.37, a before reserves cap rate of 6.28% and an after tax IRR of 12.70%. If rents are raised to the market of $1,247 (which an identical property on this street is achieving), the measures of investment performance improve to a cap rate of 11.11%, and cash on cash of 22.86%In addition to raising rents to the market untapped upside exists in renovating and generating income from the unused laundry rooms.Extensive renovations list can be found on page 6 of the flyer(s) and full inspection reports, leases and additional information for 130 Rhode Island SE are available to qualified investor

Property Details

Property Features

Property Information:

  • Year Built: 1980
  • Stories: 2
  • Living Area: 3,000 SqFt

Listing Office:

  • Office Name: NM Apartment Advisors, Inc.
  • Office Phone: (505) 440-8633
  • Listing Agent: Todd D Clarke

Interior Features

Interior Information:

  • Appliances: Refrigerator
  • Basement: No
  • Flooring Type: Vinyl

Bedroom and Bathroom Information:

  • Total Bedroom Count: 2

Lot Features

Lot Information:

  • Lot Size: 0.16 Acres

Utilities

Utilities Information:

  • Heating: Central, Forced Air
  • Cooling: Evaporative Cooling

School Info

Assigned Schools Information:

  • Highland High School, Public District Grades 9-12
  • Nex Gen Academy, Public District Grades 9-12
  • Van Buren Middle School, Public District Grades 6-8
  • Wherry Elementary School, Public District Grades PK-5
  • Coronado Elementary School, Public District Grades KG-5

Other

Directions Information:

  • Directions: From I-40 and Wyoming, south to Central, west to Rhode Island, south to property. Please note adjoining property is also for sale (126 & 130)

Price Information

Listing Price Info

Price Summary:

  • List Price: $373,105
  • Price Per SqFt: $124/SqFt

Tax Information:

  • Annual Amount: $1,919
  • Tax Year: 2020
House and calculator

What can I afford?

Understand what home price range makes sense for your budget.

Housing Market Comparison

See how this home compares to others in Albuquerque, NM.

Map thumbnail provided by MapBox

Albuquerque, NM

City

Med. Sold Price

$335.6K

Med. Price/SqFt

$200

Avg. Days On Market

27

# of Sold Homes

479

130 Rhode Island St SE vs Albuquerque

54 DAYS ON ROCKET

+27 Days

$373,105

+$37.4K More

$124/SqFt

-$76 Less

KEY TAKEAWAY

This property is $37.4K more than the Median Sold Price and $76/SqFt less than other homes in Albuquerque, NM.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: SWMLS
  • MLS Number: #1058183

Listing Office:

  • Office Name: NM Apartment Advisors, Inc.
  • Office Phone: (505) 440-8633
  • Listing Agent: Todd D Clarke

IDXThe data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Southwest Multiple Listing Service. 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. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed.

Copyright © 2024 Southwest Multiple Listing Service. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/29/2024, 12:55:14 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$1,919$44,748
2019$1,850$43,445
2018$1,848$43,445
2017$1,848$48,295

History based on county public records data.

Payment Calculator

$1,930

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,185

Powered By

Rocket Mortgage

Advertisement

NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-2763699
1
/10

  • Wherry Elementary School

  • Bldg 25000 Kafb

  • 1.07 miles

  • Public District Grades PK-5

school-card-donut-2763700
6
/10

  • Coronado Elementary School

  • 601 4th St SW

  • 5.41 miles

  • Public District Grades KG-5

Middle School

school-card-donut-2763701
3
/10

  • Van Buren Middle School

  • 700 Louisiana Blvd SE

  • 0.71 miles

  • Public District Grades 6-8

High School

school-card-donut-2763702
3
/10

  • Highland High School

  • 4700 Coal Ave SE

  • 1.89 miles

  • Public District Grades 9-12

school-card-donut-2763703
8
/10

  • Nex Gen Academy

  • 5323 Montgomery Blvd NE

  • 4.33 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $19,167. Most Albuquerque, NM residents have annual incomes less than $35k. Residents typically live in single, no kids family. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›New Mexico›Bernalillo County›Albuquerque›87108›130 Rhode Island St SE

This home is located at 130 Rhode Island St SE in Albuquerque, NM and zip code 87108 in the Trumbull Village neighborhood. This 3,000 square foot home, which was built in 1980, sits on a 0.16 acre lot. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since March 06, 2024 and is currently priced at $373,105.

In March 2024, from all listings sold in Albuquerque, NM there were more than 141 sold above asking price, over 217 sold below and more than 121 were sold right at the asked price. In March 2024 in Albuquerque, NM there were 8.3% less homes for sale than in February 2024. The median list price of listings available in March 2024 was $335,689, while the average time on the real estate market was 27 days.

From Rocket Homes Real Estate and based on county public records data.

More Resources