Address
623 Madison Street NE Albuquerque, NM
Price
$ 420,014
Property Attributes
  • MLS#904955
  • TypeMulti-Family
  • CountyBERNALILLO
  • CityAlbuquerque
  • AreaUNM
  • NeighborhoodNew Year Addition
  • Zip87110
  • StyleTriplex
  • Year Built2010
  • Taxes3294
  • Price$ 420,014
  • Bedrooms0
  • Full Bathrooms4
  • Half Bathrooms0
  • Sqr Footage3100
  • 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 triplex and a two car garage.Measurements of investment performance based on actual average rents of $908 per unit, 5.10% CAP rate, 12.00% before tax IRR, and 9.20% after tax. Based on a market rent of $950 per unit+$75 a month garage rent, the measure of investment performance improves to a 6.70% Cap (before reserves) AND A 25.10% after tax IRR.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 $288,000

General Features

# of Units 3.00
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 Addition
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
$420K
Taxes
AVG $2,073
$3,294
Visits
AVG 5
6
Year Built
AVG 1989
2010

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