Bought with Keller Williams Realty
$428,763
$428,763
For more information regarding the value of a property, please contact us for a free consultation.
2 Beds
1 Bath
3,928 SqFt
SOLD DATE : 05/09/2025
Key Details
Sold Price $428,763
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,928 sqft
Price per Sqft $109
Subdivision Dorado Skies Subdivision
MLS Listing ID 1071142
Sold Date 05/09/25
Bedrooms 2
Construction Status Resale
HOA Y/N No
Year Built 1980
Annual Tax Amount $2,374
Lot Size 9,583 Sqft
Acres 0.22
Lot Dimensions Public Records
Property Sub-Type Quadruplex
Property Description
Each unit contains a large two bedroom, one bathroom unit with fireplace and washer/dryer connections. Downstairs units have a private backyard area.The site offers an abundance of off-street and on-street parking and is very visible due to its elevation over the other buildings in the area.A recently vacated unit is available for an owner-occupant and features brand new refrigerator, stove and dishwasher.At the current average rents of $863, and an ask price of $428,763 the measures of investment performance include a price per unit of $107,191, price per square foot of $109.16, a GRM of 10.36, an after reserves cap rate of 5.89%.If rents are raised to the market average of $1,200, the measures of investment performance improve to a before reserves cap rare of 8.74%.
Location
State NM
County Bernalillo
Area 71 - Southeast Heights
Interior
Heating Central, Forced Air
Cooling Evaporative Cooling
Flooring Carpet, Vinyl
Fireplace No
Appliance Refrigerator
Exterior
Exterior Feature Landscaping
Community Features Deck/ Porch, Storage Facilities
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Construction Status Resale
Others
Tax ID 102205624930310556
Acceptable Financing Cash, Conventional, FHA, VA Loan
Green/Energy Cert None
Listing Terms Cash, Conventional, FHA, VA Loan
Financing VA
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "