Property Details

TITLE:
Triplex 2 blocks from UNM & Pres Hospital
CONTROL:
Owner
VALUE:
$465,000
LOAN:
$238,700
EQUITY:
$226,300
TYPE:
Multi-Family
HAVE:
Easy to manage triplex. Just two blocks from UNM and Presbyterian Hospital. This property has been thoughtfully updated and boasts good tenants, ensuring high occupancy and solid returns. With its prime location, it's incredibly easy to rent and manage.
ADDRESS:
1501 Central Ave NE, Albuquerque, New Mexico
GROSS SCHEDULED INCOME:
$31,080 Actual
VACANCY LOSS:
$0
GROSS EFFECTIVE INCOME:
$31,080
EXPENSES:
$7,742
NOI:
$23,338
DEBT SERVICE:
$24,355
CASH FLOW:
$-1,017
CAP RATE:
5.02%
ENCUMBRANCE
BALANCE
PAYMENT
RATE
DUE
ASSUMABLE
LOAN 1
$232,567
$2,030
8%
02/03/2053
No
BENEFITS SOUGHT:
Trade Up/ maybe mobile home park.
CAN ADD:
Income producing four plex. 240 Wheeler.
COUNSELOR:
Aldo Reza
Reza Realty
5620 Modesto Ave NE Sute B
Albuquerque, New Mexico, 87113
Phone: 5056002695