NM > Albuquerque
Albuquerque, NM 87106,316 PRINCETON DR SE
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Albuquerque, NM 87106,316 PRINCETON DR SE
Albuquerque, NM 87106,316 PRINCETON DR SE
Albuquerque, NM 87106,316 PRINCETON DR SE
Albuquerque, NM 87106,316 PRINCETON DR SE
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Esteban Montano

Esteban Montano

+1(505) 450-4362
Listed by Elevate New Mexico Realty
$ 1,150,000
Est. payment /mo
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Active

316 PRINCETON DR SE Albuquerque, NM 87106

1 Bed

1 Bath

6,969 Sqft Lot

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 1084611

Bedrooms 1

Construction Status Resale

HOA Y/N No

Year Built 1977

Annual Tax Amount $2,982

Lot Size 6,969 Sqft

Acres 0.16

Lot Dimensions Public Records

Property Sub-Type Multi Family

Property Description

Currently a 6% Market Cap Opportunity in the heart of the University Area! Owner asking less than $96k/Unit!!! This complex offers 12 units; 6 (1 bedroom floor plans) & 6 (studio floor plans) each with patio space located in a single 2-story building with 18 covered parking spaces. Capital Improvements: Each unit has been updated with tile or laminate and mini-split units. Newer roof installed in 2023. All current rents are below market rents and present an investor with a potential 8.5% Cap if rents are brought up to current market pricing. INDIVIDUAL UNITS NOT FOR SALE.

Location

State NM

County Bernalillo

Area 42 - Unm South

Interior

Heating Ductless

Cooling Ductless, Refrigerated

Flooring Laminate, Tile, Vinyl

Fireplace No

Appliance Free-Standing Electric Range, Refrigerator

Exterior

Exterior Feature Lighting

Community Features Deck/ Porch

Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Total Parking Spaces 1

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Construction Status Resale

Others

Tax ID 101605719412431721

Acceptable Financing Cash, Conventional, Other, See Remarks

Green/Energy Cert None

Listing Terms Cash, Conventional, Other, See Remarks

agent

Esteban Montano

Broker | License ID: 51460

+1(505) 450-4362

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316 PRINCETON DR SE