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130 Rhode Island Street SE Albuquerque, NM $ 373,105
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$ 373,105 Get more info
130 Rhode Island Street SE
$ 373,105
Back to search
Share Save

130 Rhode Island Street SE

Albuquerque, NM, 87108
$ 373,105
Bedrooms2 Baths1.0 Sq 3,000

Monthly Estimate*

$ 2,606

130 Rhode Island Street SE, Albuquerque, NM 87108 - Image 1
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130 Rhode Island Street SE, Albuquerque, NM 87108 - Image 45
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Multi-Family Home for sale in Albuquerque, NM

for $373,105 with 2 bedrooms and 1 full bath. This 3,000 square foot home was built in 1980 on a lot size of 0.16.

130 Rhode Island SE with average rents now at $830, a 18% increase over June 2022 when they averaged $681 and at the ask price of $373,105 the measures of investment performance include a GRM of 9.37, a before reserves cap rate of 6.28% and an after tax IRR of 12.70%. If rents are raised to the market of $1,247 (which an identical property on this street is achieving), the measures of investment performance improve to a cap rate of 11.11%, and cash on cash of 22.86%In addition to raising rents to the market untapped upside exists in renovating and generating income from the unused laundry rooms.Extensive renovations list can be found on page 6 of the flyer(s) and full inspection reports, leases and additional information for 130 Rhode Island SE are available to qualified investor

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Multi-Family Active

Price

$ 373,105

Bedrooms

2

Full Bath

1

Property Type

Multi-Family

Taxes

$ 2,019

Style

Quadruplex

Lot Size

0.16

Year Built

1980

Town/City

Albuquerque

County/Region

Bernalillo

MLS | Web ID

1058183
Features
General
Heating Central ForcedAir
Cooling EvaporativeCooling
Utilities ElectricityConnected NaturalGasConnected SewerConnected WaterConnected
Appliances Refrigerator
Construction Materials Frame
Year Built 1980
Electric None
Tenant Pays Other SeeRemarks
Stories 2
Levels Two
Property SubType Quadruplex
Gross Income 29070.0
County Bernalillo
Operating Expense 12245.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Subdivision Name Unity Addition
Garage Y/N N
Green Energy Generation None
Status Active
Directions From I-40 and Wyoming south to Central west to Rhode Island south to property. Please note adjoining property is also for sale (126 & 130)
City Albuquerque
Buyer Agent Compensation 2.0%
Disclosures RANM2100Disclosure
View Y/N N
Senior Community Y/N N
Zoning Description MX-L*
Total Units 4
MLS Area 71 - Southeast Heights
Lot Size Square Feet 6969.6
Private Pool N
Waterfront Y/N N
Carport Y/N N
Street Name Rhode Island
Listing Terms Cash Conventional FHA VALoan
Property Attached Y/N N
Land Lease Y/N N
Tax Annual Amount 2019.1
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
Virtual Tour http://www.nmapartment.com/130rhode3dUnitA http://www.nmapartment.com/130rhode3dUnitA
Days on Market 1
Builder Name Unknown
Standard Status Active
Property Sub Type Additional Quadruplex
Legal Description Lot 6 Block 2 Unity Addition
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Interior
Flooring Vinyl
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 2
Electric On Property Y/N N
Total Baths 1
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Exterior
Number of Buildings 1
Spa N
Building Area Total 3000.0
Lot Size Acres 0.16
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

$2,774
Per Month
94%
6%
0%
Monthly Principal & Interest
$2,606
Monthly Property Taxes
$168
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
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
3/4/2024$373,105 Listed Price

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130 Rhode Island Street SE, Albuquerque, NM, 87108 is a Multi-Family Home for sale at $373,105 with 3,000 sqft and a lot size of 0.16. 130 Rhode Island Street SE has 2 bedrooms, 1.0 baths, and was built in 1980. The property's zip code is 87108 which is in Albuquerque, NM

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