1 of 6

Want to see this property?

134 Rhode Island Street SE

Albuquerque, NM 87108

2 beds
1 bath
3,126 sqft
6,969 sqft lot
$157 per sqft
1980 build
– on site

Seller is willing to offer financing for an owner occupant (who must move into the property) with a 5% down payment 30 year amortization, 5.75% interest rate, 7 year balloon, subject to approval of the buyers credit report, financial statement and tax returns. Seller financing for an investor is available with a 12.5% down payment.This fourplex contains two bedroom one bathroom units that are renting at $1,247. Each renovated unit has washers/dryers and the belong to the owner and convey with the property.At the current average rents of $1,247, and an ask price of $493,710 the measures of investment performance include a price per unit of $123,427, price per square foot of $157.49, a GRM of 8.25, an after reserves cap rate of 6.65%.

Listing courtesy of SWMLS / NM Apartment Advisors, Inc.

Last checked: Checking… • Last updated Nov 20, 2024 •

MLS# 1056948 —

The Building

Year Built:

1980
Builder Name:

Unknown
New Construction:

false
Construction Materials:

Frame,Stucco
Stories:

2
Stories Total:

2
Levels:

Two
Basement:

false
Building Area Total:

3126.0

Interior

Flooring:

Carpet,Tile,Vinyl

Room Dimensions

Living Area:

3126.0

Location

Directions:

From I-40 and Louisiana, south to Central Blvd/Route 66, east to Rhode Island, south to property.
Latitude:

35.073349
Longitude:

-106.557803

The Property

Parcel Number:

101905731802440207
Property Type:

ResidentialIncome
Property Subtype:

Quadruplex
Property Subtype Additional:

Quadruplex
Property Condition:

Resale
Zoning Description:

MX-L*
Lot Size Acres:

0.16
Lot Dimensions Source:

PublicRecords
Lot Size SqFt:

6969.6
Lot Size Source:

PublicRecords
Additional Parcels:

true

Listing Agent

Contact info:

Taxes

Tax Annual Amount:

2836.64
Tax Legal Description:

Lot 7, Block 2, Unity Addition

Beds

Bedrooms Total:

2

Baths

Total Baths:

1

Heating & Cooling

Heating:

Central,ForcedAir
Heating:

true
Cooling:

EvaporativeCooling
Cooling:

true

Utilities

Utilities:

CableConnected,ElectricityConnected,NaturalGasConnected,SewerConnected,WaterConnected
Green Energy Generation:

None

Appliances

Appliances:

Refrigerator

The Community

Subdivision Name:

Unity Addition

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Max Internet Speed

Xfinity

Provided by BroadbandNow®

Sale history

Date	Event	Source	Price	% Change
11/20/24 Nov 20, 2024	Listed / Active	SWMLS	$493,710

Want a closer look?

Go see 134 Rhode Island Street SE

Or Call Toll Free 1-800-241-3327

We guarantee that we’ll never spam you.

* indicates a required field

More homes

Newest listings in Albuquerque, NM

Similar sold homes

This multifamily located in Northeast Albuquerque, Albuquerque, NM 87108 is currently for sale for $493,710. 134 Rhode Island Street SE is a 3,126 square foot multifamily with 2 beds and 1 bath that has been on Estately for 4 days. 134 Rhode Island Street SE is in the Northeast Albuquerque neighborhood of Albuquerque and has a WalkScore® of 65, making it somewhat walkable. This multifamily is in the attendance area of Highland High School, Van Buren Middle School, and Wherry Elementary School.

Listing Courtesy of: SWMLS and NM Apartment Advisors, Inc..

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.