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213 63rd Street NW

Albuquerque, NM 87105

4 beds
4 baths
2,160 sqft
6,969 sqft lot
$152 per sqft
1984 build
– on site

Introducing the Four-plex at 213 63rd St. These are 4 one bath one-bedroom units located close to shopping, restaurants, and freeway access, I40. The units have an open floor plan, renovated kitchens and bathrooms, in the recent past. Great starter property, the CAP rate based on current rents of $750 per unit is 5.46, market rents, or FMR are $1050 per unit. At $875 per unit yields a return of over a 7 CAP, without pushing rents to their maximum. And this leaves room to grow to a 9 CAP. This property is priced at $137.50 per sq ft, $82,475 per unit. Well below market, with construction costs running at $200 to $250 per ft, and units selling at $100,000 to $150,000 per door. This is a bargain, seller is leaving the state, and wants this sold.

Listing courtesy of SWMLS / T & C Management, LLC

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

MLS# 1056742 —

The Building

Year Built:

1984
Builder Name:

UNKNOWN
New Construction:

false
Construction Materials:

Frame,Stucco
Stories:

1
Stories Total:

1
Levels:

One
Basement:

false
Exterior Features:

Lighting
Building Area Total:

2160.0
Building Area Source:

ListingAgent

Interior

Interior Features:

CeilingFans
Flooring:

Carpet,Laminate,Tile

Room Dimensions

Living Area:

2160.0
Living Area Source:

ListingAgent

Location

Directions:

Central west to 63rd St, right on 63rd to 213
Latitude:

35.082633
Longitude:

-106.707813

The Property

Parcel Number:

101105705735720314
Property Type:

ResidentialIncome
Property Subtype:

Quadruplex
Property Subtype Additional:

Quadruplex
Property Condition:

Resale
Zoning Description:

R-ML*
Lot Size Acres:

0.16
Lot Dimensions Source:

PublicRecords
Lot Size SqFt:

6969.6
Lot Size Source:

PublicRecords

Listing Agent

Contact info:

Taxes

Tax Annual Amount:

2676.46

Beds

Bedrooms Total:

4

Baths

Total Baths:

4

Heating & Cooling

Heating:

Central,ForcedAir
Heating:

true
Cooling:

EvaporativeCooling,CeilingFans
Cooling:

true

Utilities

Utilities:

ElectricityConnected,NaturalGasAvailable,PhoneConnected,SewerConnected,WaterConnected
Electric:

None
Green Energy Generation:

None
Green Water Conservation:

LowFlowFixtures

Appliances

Appliances:

FreeStandingElectricRange,Refrigerator,RangeHood,SelfCleaningOven

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	$329,900

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This multifamily located in Northwest Albuquerque, Albuquerque, NM 87105 is currently for sale for $329,900. 213 63rd Street NW is a 2,160 square foot multifamily with 4 beds and 4 baths that has been on Estately for 0 days. 213 63rd Street NW is in the Northwest Albuquerque neighborhood of Albuquerque and has a WalkScore® of 56, making it somewhat walkable. This multifamily is in the attendance area of John Adams Middle School, West Mesa High School, and Lavaland Elementary School.

Listing Courtesy of: SWMLS and T & C Management, LLC.

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.