20 days on rocket

240 Wheeler Ave SE, Albuquerque, NM, 87102

$475,000

Home List Price

$5,641*

Closing Credit

2 Bedrooms
1 Bath
2,693 SqFt
$176/SqFt
Multi
Schools Nearby

Location

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240 Wheeler Ave SE, Albuquerque$475,000

Buyer Closing Credits

$5,641*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
Year Built1989
HeatingCentral, Forced Air
CoolingCentral Air
MLS #1060434
Lot Size0.12 Acres
StatusActive

About 240 Wheeler Ave SE

Exceptional Investment Opportunity! Prime 4-Plex near UNM, CNM & Downtown. Strong Cash Flow! Ideal for investors seeking consistent returns. This fourplex presents a lucrative investment opportunity with consistent rental income & high occupancy rates, ensuring a steady cash flow for investors.Multi-Unit Flexibility: With four individual units, each with its own distinct layout, this property provides versatile living options to attract a diverse range of tenants. Investor-Friendly: Whether you're a seasoned investor or a newcomer to real estate, this fourplex offers a solid investment opportunity with the potential for long-term growth & financial stability.Well-maintained property, turnkey for immediate income generation. Don't miss out on this lucrative opportunity!

Property Details

Property Features

Property Information:

  • Year Built: 1989
  • Stories: 2
  • Living Area: 2,693 SqFt

Listing Office:

  • Office Name: Reza Realty
  • Office Phone: (505) 600-2695
  • Listing Agent: Aldo A Reza

Interior Features

Interior Information:

  • Appliances: Gas Oven, Gas Range, Dryer, Dishwasher, Microwave, Refrigerator, Washer
  • Basement: No
  • Flooring Type: Carpet, Tile, Vinyl

Bedroom and Bathroom Information:

  • Total Bedroom Count: 2

Virtual/3D Tour

  • 3D Tour: 240 Wheeler Ave SE

3D Tour

Lot Features

Lot Information:

  • Lot Size: 0.12 Acres

Utilities

Utilities Information:

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

School Info

Assigned Schools Information:

  • Albuquerque High School, Public District Grades 9-12
  • Nex Gen Academy, Public District Grades 9-12
  • Washington Middle School, Public District Grades 6-8
  • East San Jose Elementary School, Public District Grades PK-5
  • Coronado Elementary School, Public District Grades KG-5

Other

Directions Information:

  • Directions: I-25 South to Gibson, West on Gibson to Broadway, South on Broadway to San Jose, West on San Jose to Hinkle, North on Hinkle to 240 Wheeler. Located on the SW corner of Hinkle and Wheeler

Price Information

Listing Price Info

Price Summary:

  • List Price: $475,000
  • Price Per SqFt: $176/SqFt

Tax Information:

  • Annual Amount: $2,370
  • Tax Year: 2020
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Housing Market Comparison

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

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Albuquerque, NM

City

Med. Sold Price

$335.6K

Med. Price/SqFt

$200

Avg. Days On Market

27

# of Sold Homes

479

240 Wheeler Ave SE vs Albuquerque

20 DAYS ON ROCKET

-7 Days

$475,000

+$139.3K More

$176/SqFt

-$24 Less

KEY TAKEAWAY

This property is $139.3K more than the Median Sold Price and $24/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: #1060434

Listing Office:

  • Office Name: Reza Realty
  • Office Phone: (505) 600-2695
  • Listing Agent: Aldo A Reza

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: 5/1/2024, 4:25:14 PM 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$2,370$49,422
2019$2,220$47,983
2018$2,142$46,586
2017$2,142$45,229

History based on county public records data.

Payment Calculator

$2,438

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,491

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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

school-card-donut-4263805
3
/10

  • East San Jose Elementary School

  • 415 Thaxton Ave SE

  • 0.46 miles

  • Public District Grades PK-5

school-card-donut-4263806
6
/10

  • Coronado Elementary School

  • 601 4th St SW

  • 1.59 miles

  • Public District Grades KG-5

Middle School

school-card-donut-4263807
4
/10

  • Washington Middle School

  • 1101 Park Ave SW

  • 2.14 miles

  • Public District Grades 6-8

High School

school-card-donut-4263808
5
/10

  • Albuquerque High School

  • 800 Odelia Rd NE

  • 2.88 miles

  • Public District Grades 9-12

school-card-donut-4263809
8
/10

  • Nex Gen Academy

  • 5323 Montgomery Blvd NE

  • 6.47 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 $38,929. Residents of Albuquerque, NM typically earn between $35k-100k each year. The most common type of family is single, no kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›New Mexico›Bernalillo County›Albuquerque›87102›240 Wheeler Ave SE

This home is located at 240 Wheeler Ave SE in Albuquerque, NM and zip code 87102 in the San Jose neighborhood. This 2,693 square foot home, which was built in 1989, sits on a 0.12 acre lot. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since April 10, 2024 and is currently priced at $475,000.

While more than 141 listings in Albuquerque, NM in March 2024 were sold above asking price, there were more than 121 listings sold at asking price, and more than 217 were sold below. Between February 2024 and March 2024, Albuquerque, NM real estate market has seen decrease in the number of listings by 8.3%. While the average time on the market in March 2024 was 27 days, the median list price was $335,689.

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

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