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403 San Felipe Street NW

Albuquerque, NM 87104
  • $790,000
  • STATUS: Active
  • ON SITE: 10 Days
  • MLS #: 1028365
UPDATED: 66 min ago
$790,000
  • 2
    BEDS
  • 0.24
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 2,227
    SQFT
  • $355
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1946
County:

School Ratings & Info

Description

This investment opportunity, located in Historic Old Town, is a three-unit mixed-use income property with a target IRR of 20.49% and capitalization rate of 5.71% at full optimization. The current owner has made significant repairs, including installing a new roof, fixing the plumbing, sewer, and electrical systems, adding a concrete slab foundation in one unit, repairing framing, sheetrock, and flooring, and installing new air conditioning systems. The property also offers off-street parking for up to 9 vehicles and a detached garage that can be used for parking or commercial purposes. The primary building is a charming adobe home with two bedrooms and two living areas that can also be used as retail or office space. Also included is a duplex building with a studio and 1 bedroom apartment.

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IDX information © 2023 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: 2023-01-31T15:05:02.15.
www.santafepropertyfinder.com/homes/136241925
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403 San Felipe Street NW Albuquerque, NM 87104

  • Price: $790,000
  • Status: Active
  • On Site: 10 Days
  • Updated: 66 min ago
  • MLS #: 1028365
2
Beds
2
Baths
0
½ Baths
0.24
Acres
2,227
SQFT
$355
$/SQFT
1946
Built
Neighborhood:
80 - Downtown Area
County:
Bernalillo
Area:
80 - Downtown Area
Property Description
This investment opportunity, located in Historic Old Town, is a three-unit mixed-use income property with a target IRR of 20.49% and capitalization rate of 5.71% at full optimization. The current owner has made significant repairs, including installing a new roof, fixing the plumbing, sewer, and electrical systems, adding a concrete slab foundation in one unit, repairing framing, sheetrock, and flooring, and installing new air conditioning systems. The property also offers off-street parking for up to 9 vehicles and a detached garage that can be used for parking or commercial purposes. The primary building is a charming adobe home with two bedrooms and two living areas that can also be used as retail or office space. Also included is a duplex building with a studio and 1 bedroom apartment.
Exterior Features

Construction Materials AdobeFrame Levels One Parking Total 9

Interior Features

Appliances Free-Standing Gas RangeRefrigerator Basement YN No Cooling DuctlessEvaporative CoolingRefrigerated Cooling YN Yes Electric None Flooring TileVinylWood Heating DuctlessFloor FurnaceWall Furnace Heating YN Yes Laundry Features Washer HookupDryer HookupElectric Dryer Hookup

Property Features

Builder Name Unknown Building Area Total 2227 Disclosures Lead Based Paint DisclosureRanm 2100 Disclosure Gross Income 30635 Listing Agreement Exclusive Right To Sell Listing Terms CashConventionalFhaVa Loan New Construction YN No Occupant Type Owner Operating Expense 21209 Property Condition Resale Structure Type House Tax Annual Amount 8410.48 Tenant Pays None Utilities Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected Zoning Description Mx-T*

Southwest MLS] logo Listing courtesy of Keller Williams Realty: (505) 897-1100. © 2023 Southwest Multiple Listing Service, Inc.


IDX information © 2023 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: 2023-01-31T15:05:02.15.
 
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