409-413 Indiana Street SE, Albuquerque, NM 87108

$760,000
Property Type: Residential Income Square Footage: 6,750 Lot Size (sq. ft.): 20,909 Status: Closed
Current Price: $760,000 List Date: 6/22/2024 Last Modified: 8/24/2024

Overview

Description

8 unit multifamily investment for sale! REC available! This complex is split into (2) 4 plexes so they can be purchased on residential loans. (2) larger 2/1's (2 bed 1 bath) 1040 sq ft each and (6) 2/1's of 740 sq ft with a shared gated yard. Professionally managed. Each unit is equipped with washer hookups. Each unit is individually metered for gas and electricity and the tenants pay their respective bills. Well kept maintenance records and rent roll in documents. Rents below market and room to grow! There is a vacant unit to show Seller is also selling 633-637 Louisiana

Listing Details MLS# 1065608

Status Change Info

Pending Date
2024-07-03
Closing Date
2024-08-21

Contract Information

List Price/SqFt
112.59

Location

Street #
409-413
Street Name
Indiana
St Suffix
Street
Post Direction
SE
County
Bernalillo
City/Town Code
Albuquerque
State/Province
NM
Zip Code
87108
Zip +4
3873
MLS Area Major
71 - Southeast Heights
Zone Atlas
L18

General Property Description

# of Units
8
5+ Units
Yes
Units for Sale
8
Property Sub-Type
Multi-Family
Living Area
6750
SqFt Source
Floorplan
Lot Size Source
On-Line
Acres
0.48
Lot SqFt
20909
Directions
Southwest Quadrant of Zuni Rd SE and Indiana St SE
Stories
Yes
Total Stories in Bldg
Yes
Total # of Buildings
2
Year Built
1963
Age
61 - 70
Accessory Dwelling Unit
No
Disability Access
Unknown
LBP Disclosure
Yes
Builder
Unknown
Owner Occupant Unit
No
Flood Zone
X

Cooling

Centrally Ducted
No
Evaporative Cooling
Yes

Basement

Basement
No

More Information

Sales Info

Trade/Xch Considered
No

# of Unit Types (1)

# of Units
6
# of Bedrooms
12
# Baths
3
Approx. SqFt
740
Actual Rent
800
Max Rent
1075
Market Rent
1075

# of Unit Types (2)

# of Units
2
# of Bedrooms
4
# Baths
2
Approx. SqFt
1040
Actual Rent
1035
Max Rent
1200
Market Rent
1200

Unit Summary

Total Units
8
Average Unit Size
815
Average Actual Rent
858.75
Annualized
82440
Total Actual Rent
6870

Currently Not Used

Bank Owned
No

City/County Data

UPC Code
101805644951012909

Tax & Legal Info

GRT Code
02-100
Tax Exemption
No
Tax Annual Amount
3761.56

Construction Materials

Brick
Yes

Amenities

Wshr/Dryr HU in Unit
Yes

Flooring

Carpet
Yes
Tile
Yes
Vinyl
Yes

Heating

Floor Furnace
Yes
Propane
Yes

Owner Pays

Sewer
Yes
Trash Removal
Yes
Water
Yes

Tenant Pays

Some Utilities
Yes

Build Description

Resale
Yes

Appliances included

Dryer H/U
Yes
Free-Standing Electric Range
Yes
Refrigerator
Yes
Washer H/U
Yes

Utilities

Electricity Connected
Yes
Natural Gas Connected
Yes
Sewer Connected
Yes
Water Connected
Yes

Green Energy Generation

None
Yes

Electric Provider

Public Utility
Yes

Metering

Individual Electric
Yes

Parking

1.5 Spaces Per Unit
Yes

Roof

Shingle
Yes

Finance Considered

Cash
Yes
Conventional
Yes
FHA
Yes
Owner Financing
Yes
VA
Yes
Other - See Remarks
Yes

Rental Info

Call Listing Broker
Yes

Zoning

MX-L*
Yes

Property Features

Construction Materials: Brick Build Description: Resale Amenities: Wshr/Dryr HU in Unit Appliances included: Dryer H/U; Free-Standing Electric Range; Refrigerator; Washer H/U Utilities: Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected Heating: Floor Furnace; Propane Cooling: Evaporative Cooling Flooring: Carpet; Tile; Vinyl Green Energy Generation: None Electric Provider: Public Utility Metering: Individual Electric Owner Pays: Sewer; Trash Removal; Water Tenant Pays: Some Utilities Parking: 1.5 Spaces Per Unit Roof: Shingle Rental Info: Call Listing Broker Finance Considered: Cash; Conventional; FHA; Owner Financing; VA; Other - See Remarks Zoning: MX-L*

Documents

Listing Office: Coldwell Banker Legacy
Last Updated: August - 24 - 2024
Some of the information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers' personal, non-commercial use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.

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