316 Princeton Drive SE
Albuquerque, NM 87106
- 1 bed
- 1 bath
- – sqft
- 6,969 sqft lot
- 1977 build
- 16 days on site
Great Investment Opportunity in the heart of the University Area! Owner asking less than $96k/Unit!!! This complex offers 12 units located in a single 2 story building with underneath drive-in shaded parking. 6 (1 bedroom floor plans) & 6 (studio floor plans) each with patio space. Each unit has been updated with tile flooring or laminate, mini-split units, newer roof installed in 2022 and covered parking with 18 spaces. All current rents are below market rents and present an investor with tremendous upside potential. An excellent Value Add property in a coveted investor's location! INDIVIDUAL UNITS NOT FOR SALE.
Last checked:
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Last updated Apr 3, 2025
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MLS# 1081016 —
The Building
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Year Built:1977
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Builder Name:unknown
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New Construction:false
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Construction Materials:BoardAndBattenSiding,Frame
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Stories:3
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Stories Total:2
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Levels:ThreeOrMore
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Basement:false
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Exterior Features:Lighting
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Building Area Source:Plans
Interior
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Flooring:Laminate,Tile,Vinyl
Room Dimensions
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Living Area Source:Plans
Location
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Directions:Heading east on Central Ave, turn right onto Princeton Dr and head south, Continue on Princeton Dr SE past Lead Ave and property will be located on left-hand side of street at 316 Princeton Dr SE before reaching Coal Ave.
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Latitude:35.076202
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Longitude:-106.615725
The Property
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Parcel Number:101605719412431721
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Property Type:ResidentialIncome
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Property Subtype:MultiFamily
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Property Condition:Resale
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Zoning Description:MX-L*
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Lot Size Acres:0.16
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Lot Dimensions Source:PublicRecords
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Lot Size SqFt:6969.6
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Lot Size Source:PublicRecords
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Additional Parcels:true
Listing Agent
- Contact info:
- Agent phone:
- (505) 270-2662
- Office phone:
- (505) 247-1002
Taxes
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Tax Annual Amount:2982.22
Beds
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Bedrooms Total:1
Baths
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Total Baths:1
Heating & Cooling
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Heating:Ductless
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Heating:true
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Cooling:Ductless,Refrigerated
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Cooling:true
Utilities
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Utilities:CableConnected,ElectricityConnected,NaturalGasConnected,SewerConnected,WaterConnected
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Green Energy Generation:None
Appliances
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Appliances:FreeStandingElectricRange,Refrigerator
The Community
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Community Features:DeckPorch
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 |
---|---|---|---|---|
3/29/25
Mar 29, 2025
|
Listed / Active | SWMLS | $1,150,000 |