Address
619 Madison Street NE Albuquerque, NM
Price
$ 265,837
Property Attributes
  • MLS#904951
  • TypeMulti-Family
  • CountyBERNALILLO
  • CityAlbuquerque
  • AreaUNM
  • NeighborhoodNew Year Add Brooms Sub
  • Zip87110
  • StyleDuplex
  • Year Built2005
  • Taxes2953
  • Price$ 265,837
  • Bedrooms0
  • Full Bathrooms3
  • Half Bathrooms0
  • Sqr Footage2096
  • Lot Size6,534 SqFt
Listing Provided Courtesy Of:
NM Apartment Advisors, Inc.
Property Description

Amazing gem of duplex located just east of UNM, north of Nob-Hill and within walking distance of the Sprouts supermarket and short hop to Los Cuates and its world famous sweet and hot salsa! Tucked in a high appreciation, neighborhood of mostly single family homes built in 1940-50's. This property was built in 1996, and includes two houses and a single car garage.Measurements of investment performance based on actual average rents of $900 per unit, 4.90% CAP rate, 11.80% before tax IRR, and 9.00% after tax. Based on a market rent of $1,138 per unit+$50 in garage income, the measure of investment performance improves to a 7.20% Cap (before reserves), and a 11.50% cash on cash.Ideal for the owner occupant or investor.

Elementary School Middle School High School
Unknown Elementary School Unknown Middle School Unknown High School
Price History
10/30/2017 Listed $209,600

General Features

# of Units 2.00
Amenities Owners Unit, Walled Complex
Builder Unknown
Construction Frame
Finance Considered Cash, Conventional, FHA, VA
Rental Info Call Listing Broker
Stories 1.0
Subdivision New Year Add Brooms Sub
Tenant Pays Other - See Remarks
Utilities All City
Zoning R-2

Interior Features

5+ Units No
Appliances Included Refrigerator
Basement No
Cooling Evaporative
Flooring See Remarks
Heating Gas

Exterior Features

Disability Access Unknown
Exterior Material Stucco
Number of Parking Spaces 3.00

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Pets
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 87110

Price
AVG $320K
$270K
Taxes
AVG $2,073
$2,953
Visits
AVG 5
4
Year Built
AVG 1989
2005

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