NM > Albuquerque
Albuquerque, NM 87105,213 63RD ST NW
Albuquerque, NM 87105,213 63RD ST NW
Albuquerque, NM 87105,213 63RD ST NW
Albuquerque, NM 87105,213 63RD ST NW
Albuquerque, NM 87105,213 63RD ST NW
Albuquerque, NM 87105,213 63RD ST NW
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
HomeSmart Realty Pros

HomeSmart Realty Pros

+1(505) 962-2121
Listed by T & C Management, LLC
$ 329,900
Est. payment | /mo

4 Beds

4 Baths

2,160 SqFt

Save
$ 329,900
Est. payment | /mo
Save

4 Beds

4 Baths

2,160 SqFt

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,160 sqft

Price per Sqft $152

MLS Listing ID 1056742

Bedrooms 4

Construction Status Resale

HOA Y/N No

Year Built 1984

Annual Tax Amount $2,676

Lot Size 6,969 Sqft

Acres 0.16

Lot Dimensions Public Records

Property Description

Introducing the Four-plex at 213 63rd St. These are 4 one bath one-bedroom units located close to shopping, restaurants, and freeway access, I40. The units have an open floor plan, renovated kitchens and bathrooms, in the recent past. Great starter property, the CAP rate based on current rents of $750 per unit is 5.46, market rents, or FMR are $1050 per unit. At $875 per unit yields a return of over a 7 CAP, without pushing rents to their maximum. And this leaves room to grow to a 9 CAP. This property is priced at $137.50 per sq ft, $82,475 per unit. Well below market, with construction costs running at $200 to $250 per ft, and units selling at $100,000 to $150,000 per door. This is a bargain, seller is leaving the state, and wants this sold.

Location

State NM

County Bernalillo

Area 111 - Ladera Heights

Interior

Interior Features Ceiling Fan(s)

Heating Central, Forced Air

Cooling Evaporative Cooling, Ceiling Fan(s)

Flooring Carpet, Laminate, Tile

Fireplace No

Appliance Free-Standing Electric Range, Refrigerator, Range Hood, Self Cleaning Oven

Exterior

Exterior Feature Lighting

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

Building

Story 1

Entry Level One

Level or Stories One

New Construction No

Construction Status Resale

Others

Tax ID 101105705735720314

Acceptable Financing Cash, Conventional, FHA

Green/Energy Cert None

Listing Terms Cash, Conventional, FHA

agent-avatar

Making real estate fast, fun, and stress-free!

+1(505) 962-2121

broker@homesmart-realtypros.com

GET MORE INFORMATION

Name
Phone*
Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.

Go tour this home

213 63RD ST NW