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311 Princeton Drive SE

Albuquerque, NM 87106

2 beds
1 bath
2,709 sqft
6,969 sqft lot
$163 per sqft
1940 build
– on site

311 Princeton SE is located just 3 blocks to UNMs main campus with quick and immediate access to an ART Stop and all that downtown and Nob Hill have to offer. With a 77 Walk Score, 85 Bike Score and a Transit score of 43, and is in the epi-center of the UNM/CNM campuses and is just steps from the Smiths Grocery store.Measures of investment performance at ask price of $442,446 and current average rent of $1,150 are a GRM of 10.69, a 6.37% cap rate, $147,482 per unit, $163.32/sf. Ten recent closed or pending sales indicate a value closer to $469,033.Sellers are willing to offer up to $21,982 in credits to a buyer who secures an FHA owner occupant loan. According to lender, Kevin Caudill, at Bank of Albuquerque, this would drive the interest rate down to 5.00% for 30 years ,

Listing courtesy of SWMLS / NM Apartment Advisors, Inc.

Last checked: Checking… • Last updated Dec 17, 2024 •

MLS# 1061818 —

The Building

Year Built:

1940
Builder Name:

Unknown
New Construction:

false
Construction Materials:

Frame,Stucco,WoodSiding
Stories Total:

1
Levels:

One
Basement:

false
Exterior Features:

Landscaping
Building Area Total:

2709.0

Interior

Flooring:

Tile,Vinyl,Wood

Room Dimensions

Living Area:

2709.0

Location

Directions:

From I-25 and Coal - east to Princeton, north to property.
Latitude:

35.076444
Longitude:

-106.616169

The Property

Parcel Number:

101605717313631608
Property Type:

ResidentialIncome
Property Subtype:

Triplex
Property Subtype Additional:

Triplex
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:

3601.42
Tax Legal Description:

Lot 19, Block 19, University Heights Addition

Beds

Bedrooms Total:

2

Baths

Total Baths:

1

The Listing

Virtual Tour URL Branded:

http://www.nmapartment.com/princeton311se3d
Virtual Tour URL Unbranded:

http://www.nmapartment.com/princeton311se3d

Heating & Cooling

Heating:

Central,ForcedAir
Heating:

true
Cooling:

EvaporativeCooling
Cooling:

true

Utilities

Utilities:

ElectricityConnected,NaturalGasConnected,SewerConnected,WaterConnected
Green Energy Generation:

None

Appliances

Appliances:

Refrigerator

The Community

Subdivision Name:

University Heights 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.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
12/15/24 Dec 15, 2024	Listed / Active	SWMLS	$442,446

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This multifamily located in Northeast Albuquerque, Albuquerque, NM 87106 is currently for sale for $442,446. 311 Princeton Drive SE is a 2,709 square foot multifamily with 2 beds and 1 bath that has been on Estately for 3 days. 311 Princeton Drive SE is in the Northeast Albuquerque neighborhood of Albuquerque and has a WalkScore® of 77, making it very walkable. This multifamily is in the attendance area of Monte Vista Elementary School, Albuquerque High School, and Jefferson Middle 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.