644 Louisiana Boulevard SE, Albuquerque, NM 87108 (MLS# 1031092)

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644 Louisiana Boulevard SE, Albuquerque, NM 87108

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


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


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: 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*
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.

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