300 RHODE ISLAND Street SE, Albuquerque, NM 87108 (MLS# 1073830)

Overview

Description

Incredible opportunity! Rare 15-plex on a quiet cul-de-sac street in the Trumbull Village neighborhood. Two 2BR (approx 900 sf) and thirteen 1BR units (approx 600 SF). Rent roll and expenses on attached documents or emailed by request to listing broker. Low overhead! Individually metered for gas/elec. All 3 buildings have newer roofs. Window A/C's, wall heaters. North and South buildings are one story, East/Middle building is two stories. Large Mature shade trees create a pleasant courtyard. Each unit has a small patio/yard area. Drive by only, do not disturb tenants. Interior viewing with accepted offer. Lots of upside potential! Motivated seller!

Status Change Info

Pending Date: 2025-09-15
Closing Date: 2025-09-24

Contract Information

List Price/SqFt: 89.12

Location

Street #: 300
Street Name: RHODE ISLAND
St Suffix: Street
Post Direction: SE
County: Bernalillo
City/Town Code: Albuquerque
State/Province: NM
Zip Code: 87108
Zip +4: 4182
MLS Area Major: 71 - Southeast Heights
Zone Atlas: L19

General Property Description

# of Units: 15
5+ Units: Yes
Property Sub-Type: Multi-Family
Living Area: 9257
SqFt Source: Broker
Lot Size Source: On-Line
Acres: 0.62
Lot SqFt: 27007.2
Directions: From I-40 Exit 164, Wyoming Blvd, go S for 1.1 mi, then take a Rt on Zuni, go .2 mi, then Left on Utah. Go 1 blk, then Rt on Bell Ave. Go 3 Blks to Rhode Island St, Go Rt. Complex at the end of the cul-de-sac on Rt. Park on street, not tenant spaces.
Stories: Yes
Total # of Buildings: 3
Year Built: 1956
Year Built Source: Public Records
Age: Select One
Accessory Dwelling Unit: No
Disability Access: No
LBP Disclosure: Yes
Builder: unknown
Owner Occupant Unit: No
Flood Zone: X

Cooling

Centrally Ducted: No
Window Unit(s): Yes

Basement

Basement: No

More Information

Sales Info

Trade/Xch Considered: No

# of Unit Types (1)

# of Units: 13
# of Bedrooms: Yes
# Baths: Yes
Approx. SqFt: 600
Actual Rent: 640
Max Rent: 750
Market Rent: 750

# of Unit Types (2)

# of Units: 2
# of Bedrooms: 2
# Baths: Yes
Approx. SqFt: 900
Actual Rent: 850
Max Rent: 900
Market Rent: 900

Unit Summary

Total Units: 15
Average Unit Size: 640
Average Actual Rent: 668
Annualized: 120240
Total Actual Rent: 10020

Currently Not Used

Bank Owned: No

City/County Data

UPC Code: 101905631749311610

Tax & Legal Info

GRT Code: 02-100
Tax Exemption: Unknown
Tax Annual Amount: 2837

Construction Materials

Frame: Yes
Stucco: Yes

Amenities

Laundry Community: Yes
Private Patios: Yes

Flooring

Vinyl: Yes

Heating

Wall Unit: Yes

Owner Pays

Sewer: Yes
Trash Removal: Yes
Water: Yes

Tenant Pays

Electric: Yes
Gas: Yes

Build Description

Resale: Yes

Appliances included

Free-Standing Electric Range: Yes
Refrigerator: Yes

Utilities

Cable Connected: Yes
Electricity Connected: Yes
Natural Gas Connected: Yes
Phone Connected: Yes
Sewer Connected: Yes
Water Connected: Yes

Green Energy Generation

None: Yes

Electric Provider

Public Utility: Yes

Metering

Individual Electric: Yes
Individual Gas: Yes

Parking

1 Space Per Unit: Yes

Roof

TPO (G): Yes

Finance Considered

Cash: Yes
Conventional: Yes

Rental Info

Other - See Remarks: Yes

Zoning

R-ML*: Yes

Property Features

Construction Materials: Frame; Stucco Build Description: Resale Amenities: Laundry Community; Private Patios Appliances included: Free-Standing Electric Range; Refrigerator Utilities: Cable Connected; Electricity Connected; Natural Gas Connected; Phone Connected; Sewer Connected; Water Connected Heating: Wall Unit Cooling: Window Unit(s) Flooring: Vinyl Green Energy Generation: None Electric Provider: Public Utility Metering: Individual Electric; Individual Gas Owner Pays: Sewer; Trash Removal; Water Tenant Pays: Electric; Gas Parking: 1 Space Per Unit Roof: TPO (G) Rental Info: Other - See Remarks Finance Considered: Cash; Conventional Zoning: R-ML*