Skip To Content
    Return to Previous Page

    316 Rhode Island Street NE

    Albuquerque, NM 87108
    • $379,000
    • STATUS: Active
    • ON SITE: 102 days
    • MLS #: 969832
    UPDATED: 189 min ago
    $379,000
    • 2
      BEDS
    • 0.3
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,400
      SQFT
    • $70
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1959
    County:

    School Ratings & Info

    Description

    Fantastic opportunity to own a well maintained, cash flowing, fully leased, multifamily investment with an owners' unit. Each triplex is on its own lot. Owner prefers to sell in one transaction to a one buyer. Improvements in 2019 include a new TPO roof on 320 (10 yr. warranty) and two new water heaters. Property features a beautifully landscaped courtyard, covered back patio area, and unit storage. Unit 3 (316) has forced air heating while others have wall heaters. There is an enclosed workshop in the back of Unit 3 (316) with additional storage space. Units are all 2/1 with spacious layouts. Property rents easily. With a CAP rate of 8.4% and an after-tax IRR of 20.0% (assuming a 5-year hold), this property will be a great addition to anyone's portfolio.

    Monthly Payment Calculator



    IDX information © 2020 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: 2020-09-21T00:04:53.737.
    www.mynmdreamhome.com/homes/106704562
    Print Image

    316 Rhode Island Street NE Albuquerque, NM 87108

    • Price: $379,000
    • Status: Active
    • Updated: 189 min ago
    • MLS #: 969832
    2
    Beds
    0
    Baths
    0
    ½ Baths
    0.3
    Acres
    5,400
    SQFT
    $70
    $/SQFT
    1959
    Built
    Neighborhood:
    70 - Fairgrounds
    County:
    Bernalillo
    Area:
    70 - Fairgrounds
    Property Description
    Fantastic opportunity to own a well maintained, cash flowing, fully leased, multifamily investment with an owners' unit. Each triplex is on its own lot. Owner prefers to sell in one transaction to a one buyer. Improvements in 2019 include a new TPO roof on 320 (10 yr. warranty) and two new water heaters. Property features a beautifully landscaped courtyard, covered back patio area, and unit storage. Unit 3 (316) has forced air heating while others have wall heaters. There is an enclosed workshop in the back of Unit 3 (316) with additional storage space. Units are all 2/1 with spacious layouts. Property rents easily. With a CAP rate of 8.4% and an after-tax IRR of 20.0% (assuming a 5-year hold), this property will be a great addition to anyone's portfolio.
    Exterior Features

    Construction Materials BlockFrame Exterior Features Landscaping

    Interior Features

    Appliances Refrigerator Basement YN No Bathrooms Total Integer 1 Cooling Evaporative Cooling Electric None Electric On Property YN No Flooring CarpetLaminateTile Heating CentralForced AirRadiant Heating YN Yes Interior Features Storage Laundry Features Washer HookupDryer HookupElectric Dryer Hookup

    Property Features

    Builder Name Unknown Building Area Total 5400 Disclosures Lead Based Paint DisclosureRanm 2100 Disclosure Listing Agreement Exclusive Right To Sell New Construction YN No Property Condition Resale Property Sub Type Multi Family Tax Annual Amount 4637 Tenant Pays ElectricityGas Utilities Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected Zoning Description R-Ml*

    Listing courtesy of Exp Realty Llc. © 2020 Southwest Multiple Listing Service, Inc.


    IDX information © 2020 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: 2020-09-21T00:04:53.737.
     
    https://bt-photos.global.ssl.fastly.net/swmls/orig_boomver_3_969832-2.jpg https://bt-photos.global.ssl.fastly.net/swmls/orig_boomver_3_969832-2.jpg https://bt-photos.global.ssl.fastly.net/swmls/orig_boomver_3_969832-2.jpg
    Logo
    The Buchman Group | Keller Williams Realty
    6240 Riverside Plaza Ln, Suite 100
    Albuquerque NM, 87120