NM > Albuquerque
Albuquerque, NM 87106,316 PRINCETON DR SE
Albuquerque, NM 87106,316 PRINCETON DR SE
Albuquerque, NM 87106,316 PRINCETON DR SE
Albuquerque, NM 87106,316 PRINCETON DR SE
Albuquerque, NM 87106,316 PRINCETON DR SE
Albuquerque, NM 87106,316 PRINCETON DR SE
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Gilbert Gallegos

Gilbert Gallegos

+1(505) 350-8245
Listed by Elevate New Mexico Realty
$ 1,150,000
Est. payment | /mo

1 Bed

1 Bath

6,969 Sqft Lot

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$ 1,150,000
Est. payment | /mo
Save

1 Bed

1 Bath

6,969 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 1084611

Bedrooms 1

Construction Status Resale

HOA Y/N No

Year Built 1977

Annual Tax Amount $2,982

Lot Size 6,969 Sqft

Acres 0.16

Lot Dimensions Public Records

Property Sub-Type Multi Family

Property Description

Currently a 6% Market Cap Opportunity in the heart of the University Area! Owner asking less than $96k/Unit!!! This complex offers 12 units; 6 (1 bedroom floor plans) & 6 (studio floor plans) each with patio space located in a single 2-story building with 18 covered parking spaces. Capital Improvements: Each unit has been updated with tile or laminate and mini-split units. Newer roof installed in 2023. All current rents are below market rents and present an investor with a potential 8.5% Cap if rents are brought up to current market pricing. INDIVIDUAL UNITS NOT FOR SALE.

Location

State NM

County Bernalillo

Area 42 - Unm South

Interior

Heating Ductless

Cooling Ductless, Refrigerated

Flooring Laminate, Tile, Vinyl

Fireplace No

Appliance Free-Standing Electric Range, Refrigerator

Exterior

Exterior Feature Lighting

Community Features Deck/ Porch

Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Total Parking Spaces 1

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Construction Status Resale

Others

Tax ID 101605719412431721

Acceptable Financing Cash, Conventional, Other, See Remarks

Green/Energy Cert None

Listing Terms Cash, Conventional, Other, See Remarks

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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(505) 350-8245

ggallegos@mpropsabq.com

3811 Atrisco Dr NW, Albuquerque, NM, 87120, USA

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316 PRINCETON DR SE