Seller is willing to offer financing for an owner occupant (who must move into the property) with a 5% down payment 30 year amortization, 5.75% interest rate, 7 year balloon, subject to approval of the buyers credit report, financial statement and tax returns.This fourplex contains two bedroom one bathroom units that are renting at $1,247. Each renovated unit has washers/dryers and the belong to the owner and convey with the property.At the current average rents of $1,247, and an ask price of $493,710 the measures of investment performance include a price per unit of $123,427, price per square foot of $157.49, a GRM of 8.25, an after reserves cap rate of 6.65%.
Property Details
Property Features
Property Information:
Year Built: 1980
Stories: 2
Living Area: 3,126 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: Carpet, Tile, 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 Louisiana, south to Central Blvd/Route 66, east to Rhode Island, south to property.
Price Information
Listing Price Info
Price Summary:
List Price: $493,710
Price Per SqFt: $158/SqFt
Tax Information:
Annual Amount: $1,731
Tax Year: 2020
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Housing Market Comparison
See how this home compares to others in Albuquerque, NM.
This property is $158K more than the Median Sold Price and $42/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: #1056948
Listing Office:
Office Name: NM Apartment Advisors, Inc.
Office Phone: (505) 440-8633
Listing Agent: Todd D Clarke
The 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.
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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
1
/10
Wherry Elementary School
Bldg 25000 Kafb
Distance between this listing and this school1.06 miles
Public District Grades PK-5
6
/10
Coronado Elementary School
601 4th St SW
Distance between this listing and this school5.41 miles
Public District Grades KG-5
Middle School
3
/10
Van Buren Middle School
700 Louisiana Blvd SE
Distance between this listing and this school0.70 miles
Public District Grades 6-8
High School
3
/10
Highland High School
4700 Coal Ave SE
Distance between this listing and this school1.89 miles
Public District Grades 9-12
8
/10
Nex Gen Academy
5323 Montgomery Blvd NE
Distance between this listing and this school4.34 miles
Public District Grades 9-12
Assigned Schools
1
/10
Wherry Elementary School
Bldg 25000 Kafb
Distance between this listing and this school1.06 miles
Public District Grades PK-5
6
/10
Coronado Elementary School
601 4th St SW
Distance between this listing and this school5.41 miles
Public District Grades KG-5
Nearby Schools
3
/10
La Mesa Elementary School
7500 Copper Ave NE
Distance between this listing and this school0.52 miles
Public District Grades PK-5
Assigned Schools
3
/10
Van Buren Middle School
700 Louisiana Blvd SE
Distance between this listing and this school0.70 miles
Public District Grades 6-8
Nearby Schools
2
/10
Hayes Middle School
1100 Texas St NE
Distance between this listing and this school1.16 miles
Public District Grades 6-8
3
/10
Wilson Middle School
1138 Cardenas Dr SE
Distance between this listing and this school1.41 miles
Public District Grades 6-8
Assigned Schools
3
/10
Highland High School
4700 Coal Ave SE
Distance between this listing and this school1.89 miles
Public District Grades 9-12
8
/10
Nex Gen Academy
5323 Montgomery Blvd NE
Distance between this listing and this school4.34 miles
Public District Grades 9-12
Nearby Schools
4
/10
Native American Community Academy
1100 Cardenas Dr SE
Distance between this listing and this school1.47 miles
The neighbors living near this home have an average income of $19,167. The most common annual income of people living in Albuquerque, NM is less than $35k. Most families are single, no kids. The most common level of education of people living in this area is high school diploma.
This home is located at 134 Rhode Island St SE in Albuquerque, NM and zip code 87108 in the Trumbull Village neighborhood. This 3,126 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 February 10, 2024 and is currently priced at $493,710.
Over 141 listings were sold over their listed price in March 2024 in Albuquerque, NM. In the same period over 217 listings were sold below the listed price and 121 listings were sold for the listed price. The number of homes for sale in Albuquerque, NM decreased by 8.3% between February 2024 and March 2024. Listings spent 27 days on the market in March 2024, and had a median list price of $335,689 during the same period.
From Rocket Homes Real Estate and based on county public records data.