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300 Rhode Island Street SE Albuquerque, NM $ 956,188
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$ 956,188 Get more info
300 Rhode Island Street SE
$ 956,188
Back to search
Share Save

300 Rhode Island Street SE

Albuquerque, NM, 87108
$ 956,188
Bedrooms1 Baths1.0

Monthly Estimate*

$ 6,679

300 Rhode Island Street SE, Albuquerque, NM 87108 - Image 1
300 Rhode Island Street SE, Albuquerque, NM 87108 - Image 2
300 Rhode Island Street SE, Albuquerque, NM 87108 - Image 3
300 Rhode Island Street SE, Albuquerque, NM 87108 - Image 4
300 Rhode Island Street SE, Albuquerque, NM 87108 - Image 5
300 Rhode Island Street SE, Albuquerque, NM 87108 - Image 6
300 Rhode Island Street SE, Albuquerque, NM 87108 - Image 7
300 Rhode Island Street SE, Albuquerque, NM 87108 - Image 8
300 Rhode Island Street SE, Albuquerque, NM 87108 - Image 9
300 Rhode Island Street SE, Albuquerque, NM 87108 - Image 10
300 Rhode Island Street SE, Albuquerque, NM 87108 - Image 11
300 Rhode Island Street SE, Albuquerque, NM 87108 - Image 12
300 Rhode Island Street SE, Albuquerque, NM 87108 - Image 13
300 Rhode Island Street SE, Albuquerque, NM 87108 - Image 14

Multi-Family Home for sale in Albuquerque, NM

for $956,188 with 1 bedroom and 1 full bath. This home was built in 1956 on a lot size of 0.62.

New Mexico Apartment Advisors is pleased to bring El Pueblito, a 15 unit apartment community back to market. Available for the first time in decades, this value add opportunity is an amazing chance to build on the pueblo modern architecture while pursuing the double digit rent growth the city of Albuquerque is currently undergoing.Located on a traffic calming cul-de-sac, 300-314 Rhode Island SE has classic NM architecture in a three building family compound layout.With the average rents of $576 and at the ask price of $956,188 the measures of investment performance include a GRM of 9.22, a before reserves cap rate of 6.81% and an after tax IRR of 16.9%.

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Multi-Family Active

Price

$ 956,188

Bedrooms

1

Full Bath

1

Property Type

Multi-Family

Taxes

$ 2,689

Style

MultiFamily

Lot Size

0.62

Year Built

1956

Town/City

Albuquerque

County/Region

Bernalillo

MLS | Web ID

1032229
Features
General
Heating WallFurnace
Cooling EvaporativeCooling WindowUnits
Utilities CableConnected ElectricityConnected NaturalGasConnected PhoneConnected SewerConnected WaterConnected
Appliances Refrigerator
Construction Materials Frame
Year Built 1956
Electric None
Tenant Pays Other SeeRemarks
Stories 2
Levels Two
Property SubType MultiFamily
Gross Income 98553.0
County Bernalillo
Operating Expense 36828.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Subdivision Name Casas Serenas
Garage Y/N N
Status Active
Directions From I-40 and Louisiana south to Bell east to property.
City Albuquerque
Buyer Agent Compensation 3.0%
Disclosures LeadBasedPaintDisclosure RANM2100Disclosure
View Y/N N
Senior Community Y/N N
Zoning Description R-ML*
Total Units 15
MLS Area 71 - Southeast Heights
Lot Size Square Feet 27007.2
Private Pool N
Waterfront Y/N N
Carport Y/N N
Street Name Rhode Island
Listing Terms Cash Conventional
Property Attached Y/N N
Land Lease Y/N N
Tax Annual Amount 2689.2
Home Warranty Y/N N
Property Condition Resale
Lease Renewal Y/N N
Additional Parcels Y/N Y
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 337
Builder Name Unknown
Standard Status Active
Legal Description Lots 1-4 Block 2 Casas Serenas
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Interior
Flooring Tile
Total Stories 2
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Street Suffix Street
Total Bedrooms 1
Electric On Property Y/N N
Total Baths 1
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Exterior
Number of Buildings 3
Spa N
Lot Size Acres 0.62
Lot Size Source PublicRecords
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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* Excluded Features
List By
Todd Clarke

Listing Agent

Nm Apartment Advisors, Inc.

Broker

tclarke@nmapartment.com

Email

Affordability Calculator

$6,903
Per Month
97%
3%
0%
Monthly Principal & Interest
$6,679
Monthly Property Taxes
$224
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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THE TIME TO SELL IS NOW!
Nearby
537023 Elementary School
537125 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
4/6/2023$956,188 Listed Price

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300 Rhode Island Street SE, Albuquerque, NM, 87108 is a Multi-Family Home for sale at $956,188 with a lot size of 0.62. 300 Rhode Island Street SE has 1 bedrooms, 1.0 baths, and was built in 1956. The property's zip code is 87108 which is in Albuquerque, NM

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