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219 & 231 Muriel Street NE

Albuquerque, NM 87123
  • $862,500
  • STATUS: Active
  • ON SITE: 40 Days
  • MLS #: 1000515
UPDATED: 209 min ago
$862,500
  • 3
    BEDS
  • 0.6
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

Huge price reduction on 10-unit mobile home pk with owner financing! Units have been reconditioned and include 8 mobile homes, one 2200 sf 3 bdrm 2 ba home with 2 car garage, an additional 1 car garage for storage, and an efficiency. This property is a cash cow grossing machine producing more than $100,000 per year with 6.5% Cap. Many of the rents have not been raised in 3 yrs. At market rents this park will operate at 7.7% CAP rate. All homes have had extensive remodeling. Park models include 3 three bdrm 2 bath homes, 1 two bdrm 2 bath home, 5 two bdrm 1 bath homes, and one efficiency. All models including efficiency have washers and dryers and solid surface flooring. No carpet. All models are owned by park. 100% leased! Owner financing available with 25% down

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IDX information © 2021 The Southwest Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by The Southwest Multiple Listing Service or The Buchman Group | Keller Williams Realty. Data last updated: 2021-10-17T00:04:51.137.
www.mynmdreamhome.com/homes/121167081
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219 & 231 Muriel Street NE Albuquerque, NM 87123

  • Price: $862,500
  • Status: Active
  • Updated: 209 min ago
  • MLS #: 1000515
3
Beds
0
Baths
0
½ Baths
0.6
Acres
Neighborhood:
50 - Northeast Heights
County:
Bernalillo
Area:
50 - Northeast Heights
Property Description
Huge price reduction on 10-unit mobile home pk with owner financing! Units have been reconditioned and include 8 mobile homes, one 2200 sf 3 bdrm 2 ba home with 2 car garage, an additional 1 car garage for storage, and an efficiency. This property is a cash cow grossing machine producing more than $100,000 per year with 6.5% Cap. Many of the rents have not been raised in 3 yrs. At market rents this park will operate at 7.7% CAP rate. All homes have had extensive remodeling. Park models include 3 three bdrm 2 bath homes, 1 two bdrm 2 bath home, 5 two bdrm 1 bath homes, and one efficiency. All models including efficiency have washers and dryers and solid surface flooring. No carpet. All models are owned by park. 100% leased! Owner financing available with 25% down
Exterior Features

Construction Materials Frame Exterior Features Lighting Levels One

Interior Features

Appliances DryerFree-Standing Electric RangeMicrowaveRefrigeratorWasher Basement YN No Bathrooms Total Integer 2 Cooling Evaporative Cooling Cooling YN Yes Electric None Flooring LaminateVinyl Heating Wall Furnace Heating YN Yes

Property Features

Accessibility Features None Additional Parcels YN Yes Builder Name Unknown Disclosures Lead Based Paint DisclosureRanm 2100 Disclosure Gross Income 104916 Listing Agreement Exclusive Right To Sell New Construction YN No Operating Expense 18874 Property Condition Resale Property Sub Type Multi Family Tax Annual Amount 2493 Tenant Pays OtherSee Remarks Utilities Cable ConnectedElectricity ConnectedNatural Gas AvailablePhone ConnectedSewer ConnectedWater Connected Zoning Description Mx-H*

Listing courtesy of Dave Slade & Associates Llc. © 2021 Southwest Multiple Listing Service, Inc.


IDX information © 2021 The Southwest Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by The Southwest Multiple Listing Service or The Buchman Group | Keller Williams Realty. Data last updated: 2021-10-17T00:04:51.137.
 
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The Buchman Group | Keller Williams Realty
6240 Riverside Plaza Ln, Suite 100
Albuquerque NM, 87120