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644 Louisiana Boulevard SE, Albuquerque, NM 87108
$630,784
Property Type:
Residential Income
Square Footage:
3,411
Lot Size (sq. ft.):
13,500
Status:
Active
Current Price:
$630,784
List Date:
3/16/2023
Last Modified:
5/02/2023
Description
DO NOT DISTURB TENANTS.
Shown by appointment ONLY and will only be shown with accepted deal.
Fully Leased! Recently Remodeled!
This Property has been recently remodeled with a number of improvements including new roofs, stucco, windows, doors. The landscaping and gravel driveway is all new.
Most of the units have kitchen remodels including countertops, cabinets, backsplashes, stainless appliances. Apt 1 received a full interior renovation. Apt 2 received a kitchen & living renovation. The Single Family Home received a kitchen renovation. Apt 3 has had no interior renovations done.
Please refer to the marketing material for more information.
Supplements: This investment opportunity is directly off Louisiana south of Central, this property is in an easily accessible location from all directions. The property consists of a free-standing 3-bedroom house, a 2-unit apartment building with 2-one-bedroom apartments, and a free-standing 2-bedroom apartment. The property also has income from a Lamar leased billboard located on Louisiana. Adjacent to this property is a mixed-use building and vacant land that can also be acquired. Don't miss this opportunity to acquire a cash-flowing investment property with upside in one of Albuquerque's strongest rental areas.
More Information MLS# 1031092
Contract Information
Listing Price: 630784
Current Price: $630,784
List Price/SqFt: 184.93
Status: Active
Allowance/Concession: No
Bank Owned: No
Location
Street #: 644
Street Name: Louisiana
St Suffix: Boulevard
Post Direction: SE
County: Bernalillo
City/Town Code: Albuquerque
State/Province: NM
Zip Code: 87108
Zip +4: 3845
Geo Lat: 35.067396
Geo Lon: -106.568347
Area: 71 - Southeast Heights
Zone Atlas: L19
City/County Data
UPC Code: 101905601035020101
General Property Description
# of Units: 4
5+ Units: No
Units for Sale: 4
Property Sub-Type: Four Plex
Apx Structured SqFt: 3411
SqFt Source: Floorplan
Apx Lot Dim Front: 100
Apx Lot Dim Side: 135
Lot Description: 2 lots located at the NEC of Louisiana & Southern.
Lot Size Source: Survey
Acres: 0.31
Lot SqFt: 13500
Directions: Property is Located at the NEC of Louisiana & Southern Blvd.
Stories: 1
Total # of Buildings: 3
Year Built Exception: Unknown
Age: 41 - 50
Disability Access: Unknown
LBP Disclosure: Yes
Builder: Unknown
Owner Occupant Unit: No
Multiple Lots: Two
Flood Zone: X
Tax & Legal Info
GRT Code: 02-100
Current Taxes: 3426.74
Tax Exemption: Unknown
Basement
Basement: No
Sales Info
Trade/Xch Considered: No
# of Unit Types (1)
# of Units: 1
# of Bedrooms: 1
# Baths: 1
Approx. SqFt: 540
Actual Rent: 850
Max Rent: 850
Market Rent: 850
# of Unit Types (2)
# of Units: 1
# of Bedrooms: 1
# Baths: 1
Approx. SqFt: 636
Actual Rent: 900
Max Rent: 900
Market Rent: 900
# of Unit Types (3)
# of Units: 1
# of Bedrooms: 2
# Baths: 1
Approx. SqFt: 735
Actual Rent: 1140
Max Rent: 1140
Market Rent: 1140
# of Unit Types (4)
# of Units: 1
# of Bedrooms: 3
# Baths: 1
Approx. SqFt: 1500
Actual Rent: 1875
Max Rent: 1875
Market Rent: 1875
Unit Summary
Total Units: 4
Average Unit Size: 852.75
Average Actual Rent: 1191.25
Annualized: 57180
Total Actual Rent: 4765
Property Features
Construction: Frame
Exterior Material: Stucco
Build Description: Resale
Amenities: Enclosed Yard; Some Landscaping; Walled Complex
Appliances included: Frestnd Gas Stv/Ovn; Microwave; Refrigerator
Utilities: Electricity Connected; Natural Gas Connected; Phone Connected; Sewer Connected; Water Connected
Heating: Hot Water; Wall Unit
Cooling: Evaporative Cooling
Flooring: Carpet; Laminate
Electric Provider: Public Utility
Green Energy Electric: None
Metering: All Master Metering
Owner Pays: Electric; Gas; Maintenance; Sewer; Trash Removal; Water
Tenant Pays: No Utilities; None
Parking: 2+Spaces Per Unit
Roof: Rolled Roofing
Rental Info: Current Lse Agreemnt
Finance Considered: Cash; Conventional
Source: Other - See Remarks
Zoning: MX-L*
Documents
Listing Office: Absolute Investment Realty
Last Updated: May - 02 - 2023
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
Some of the information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers' personal, non-commercial use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.