2110 Lead Avenue SE
Albuquerque, NM 87106
- 2 beds
- 1 bath
- 2,432 sqft
- 7,013 sqft lot
- $230 per sqft
- 1936 build
- – on site
This is a rare opportunity to own a well-maintained triplex in one of Albuquerque's most sought-after rental areas. Perfect for both new and seasoned investors looking to capitalize on the high-demand rental market near UNM. It has an impressive rental history and less than 3% vacancy rate over the last six years which is an excellent indicator of stability and continued profitability. At the ask price of $560,000, the GRM is 11.18 and the cap rate is 6.53%. Each home is a freestanding building with no shared walls. Each is equipped with a private yard, a washer and dryer, newer double paned windows, and assigned parking. Mainline sewer replaced in 2023. New roof on back unit (12/24) and new gas stove at front house (11/2024). 1 of the 3 units was built in 2023!
Listing courtesy of SWMLS / Simply Real Estate
Last checked:
Checking…
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Last updated Jan 15, 2025
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MLS# 1072240 —
The Building
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Year Built:1936
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Year Built Details:1936 - Main House~1980 - Casita 2023 - Middle Unit
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Builder Name:Unknown/T-Squared Construction
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New Construction:false
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Construction Materials:Frame,Stucco
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Stories:1
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Stories Total:1
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Levels:One
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Basement:InteriorEntry,Unfinished
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Basement:true
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Exterior Features:Landscaping
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Accessibility Features:None
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Security Features:SecurityGate
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Building Area Total:2432.0
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Building Area Source:ListingAgent
Interior
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Flooring:Concrete,Tile,Wood
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Fireplace Features:Option
Room Dimensions
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Living Area:2432.0
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Living Area Source:ListingAgent
Location
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Directions:Head South on I-25. Exit the Coal/Lead corridor heading East on Coal. Turn left on Buena Vista. Turn left on Lead. Home will be on the left.
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Latitude:35.077692
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Longitude:-106.623514
The Property
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Parcel Number:101505748117341719
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Property Type:ResidentialIncome
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Property Subtype:Triplex
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Property Subtype Additional:Triplex
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Property Condition:Resale
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Zoning Description:R-T*
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Lot Size Acres:0.16
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Lot Dimensions Source:PublicRecords
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Lot Size SqFt:7013.0
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Lot Size Source:PublicRecords
Listing Agent
- Contact info:
- Agent phone:
- (505) 585-1143
- Office phone:
- (505) 308-3800
Taxes
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Tax Annual Amount:3710.3
Beds
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Bedrooms Total:2
Baths
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Total Baths:1
The Listing
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Virtual Tour URL Branded:https://my.matterport.com/show/?m=aShPDF3eyPf
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Virtual Tour URL Unbranded:https://my.matterport.com/show/?m=aShPDF3eyPf
Heating & Cooling
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Heating:Central,Ductless,ForcedAir,FloorFurnace
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Heating:true
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Cooling:Ductless,EvaporativeCooling,EnergyStarQualifiedEquipment,VariesByUnit
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Cooling:true
Utilities
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Utilities:CableConnected,ElectricityConnected,NaturalGasConnected,PhoneAvailable,SewerConnected,WaterConnected
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Green Energy Generation:None
Appliances
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Appliances:Dryer,Refrigerator,RangeHood,Washer
Parking
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Parking Total:4.0
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
11/11/24
Nov 11, 2024
|
Listed / Active | SWMLS | $560,000 |