Bought with Q Realty
$544,754
$544,764
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3 Beds
2 Baths
3,203 SqFt
SOLD DATE : 10/31/2023
Key Details
Sold Price $544,754
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,203 sqft
Price per Sqft $170
Subdivision Brentwood Hills Subdivision
MLS Listing ID 1039239
Sold Date 10/31/23
Bedrooms 3
Construction Status Resale
HOA Y/N No
Year Built 1977
Annual Tax Amount $2,975
Lot Size 10,018 Sqft
Acres 0.23
Lot Dimensions Public Records
Property Description
Located just a few blocks west of the Sandia mountain foothills at 12204 Menaul NE, the unit mix includes:- Unit A is a 1,274 square foot, 3 bedroom / 2 bathroom with a 2 car garage.- Unit B is a 1,100 square foot, 2 bedroom, 1bathroom home.- Unit C is a 829 square foot, 2 bedroom, 1 bathroom home.Each residence has its own private area and/or backyard.Besides the spacious units, the main amenity for this property is the quiet and serene NE Heights neighborhood close to foothills trails and shopping.Measures of investment performance at ask price of $544,764 and current average rent of $1,275 are a GRM of 11.87, a 5.44% cap rate, $181,588 per unit, $170/sf and an after tax IRR of 9.80%, with the potential to lower an investors effective federal tax rate from 35% to 5%
Location
State NM
County Bernalillo
Area 50 - Northeast Heights
Interior
Heating Central, Forced Air, Wood Stove
Cooling Evaporative Cooling
Flooring Tile
Fireplace No
Appliance Refrigerator
Exterior
Exterior Feature Landscaping
Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, 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 102205939028210227
Acceptable Financing Cash, Conventional, FHA, VA Loan
Green/Energy Cert None
Listing Terms Cash, Conventional, FHA, VA Loan
Financing Conventional
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