Skip To Content

401 Dorado Place SE

Albuquerque, NM 87123
  • $225,000
  • STATUS: Pending
  • ON SITE: 30 Days
  • MLS #: 1021782
Pending
UPDATED: 42 min ago
$225,000
  • 2
    BEDS
  • 0.18
    ACRES
  • 1
    BATHS
  • 0
    1/2 BATHS
  • 3,072
    SQFT
  • $0
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1978
County:

School Ratings & Info

Description

The property features spacious two bedroom, one bathroom units with exterior storage and private parking.Based on the current average rents of $500 per month, and an ask price of $225,000 the property's measures of investment performance include a 9.38 GRM, 4.84% cap rate before reserves, before tax IRR of 15.10% and an after-tax IRR of 11.60%. If rents were raised to market average of $825, the measures of investment performance improve to a 10.63% cap rate, and a 21.59% cash on cash.Timeline of events:1. Register for the tour scheduled at noon on Tuesday, September 20th.2. The offer deadline is noon on Thursday, September 22nd .

Monthly Payment Calculator



IDX information © 2022 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 Carson & Carson | Keller Williams Santa Fe. Data last updated: 2022-09-29T21:05:18.44.
www.santafepropertyfinder.com/homes/132560604
Print Image

401 Dorado Place SE Albuquerque, NM 87123

  • Price: $225,000
  • Status: Pending
  • On Site: 30 Days
  • Updated: 42 min ago
  • MLS #: 1021782
2
Beds
1
Baths
0
½ Baths
0.18
Acres
3,072
SQFT
$0
$/SQFT
1978
Built
Neighborhood:
Singing Arrow
County:
Bernalillo
Area:
71 - Southeast Heights
Property Description
The property features spacious two bedroom, one bathroom units with exterior storage and private parking.Based on the current average rents of $500 per month, and an ask price of $225,000 the property's measures of investment performance include a 9.38 GRM, 4.84% cap rate before reserves, before tax IRR of 15.10% and an after-tax IRR of 11.60%. If rents were raised to market average of $825, the measures of investment performance improve to a 10.63% cap rate, and a 21.59% cash on cash.Timeline of events:1. Register for the tour scheduled at noon on Tuesday, September 20th.2. The offer deadline is noon on Thursday, September 22nd .
Exterior Features

Construction Materials Frame Exterior Features Landscaping Levels Two Parking Total 6 Stories Total 2

Interior Features

Appliances Refrigerator Basement YN No Cooling Evaporative Cooling Cooling YN Yes Electric None Flooring See Remarks Heating CentralForced Air Heating YN Yes

Property Features

Additional Parcels YN Yes Builder Name Unknown Building Area Total 3072 Disclosures Lead Based Paint DisclosureRanm 2100 Disclosure Gross Income 24000 Listing Agreement Exclusive Right To Sell New Construction YN No Operating Expense 14019 Property Condition Resale Property Sub Type Quadruplex Property Sub Type Additional Quadruplex Tax Annual Amount 2776.12 Tenant Pays OtherSee Remarks Utilities Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected Zoning Description R-Ml*

Southwest MLS] logo Listing courtesy of Nm Apartment Advisors, Inc.: (505) 440-8633. © 2022 Southwest Multiple Listing Service, Inc.


IDX information © 2022 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 Carson & Carson | Keller Williams Santa Fe. Data last updated: 2022-09-29T21:05:18.44.
 
https://bt-photos.global.ssl.fastly.net/swmls/1280_boomver_1_1021782-2.jpg https://bt-photos.global.ssl.fastly.net/swmls/1280_boomver_1_1021782-2.jpg https://bt-photos.global.ssl.fastly.net/swmls/1280_boomver_1_1021782-2.jpg
Logo
Carson & Carson | Keller Williams Santa Fe
130 Lincoln Ave suite k
Santa Fe NM, 87501