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Address
1340 San Mateo Boulevard SE Albuquerque, NM
Price
$ 430,000
Property Attributes
  • MLS#933859
  • TypeMulti-Family
  • CountyBERNALILLO
  • CityAlbuquerque
  • AreaSoutheast Heights
  • NeighborhoodVirginia Place Add
  • Zip87108
  • Style7 Units
  • Year Built1957
  • Taxes3408
  • Price$ 430,000
  • Bedrooms0
  • Full Bathrooms3
  • Half Bathrooms0
  • Sqr Footage5320
  • Lot Size11,326 SqFt
Listing Provided Courtesy Of:
NM Apartment Advisors, Inc.
Property Description

NM Apartment Advisors is excited to bring to market this 7 unit apartment with large owners units to the market. Built in 1957, this property has a ton of built-ins - in the kitchen, closets and bedroom.Mostly hardwood floors and 100% charm, the property, 1340 San Mateo SE, is just north of the famous Chevy-on-the-stick-sculpture, and possesses a good walk (79), bike (79), and transit (38) scores.At the ask price of $430,000 and an average rent of $565, the measure of investment performance include a GRM of 9.06, a CAP rate of 6.20%, a price per unit of $61,429, a price per square foot of $82.38 and an after tax IRR of 14.10%.If rents were raised to market of $612, the measure of investment performance improve to a cap rate of 6.60%.

Elementary School Middle School High School
Unknown Elementary School Unknown Middle School Unknown High School
Price History
12/10/2018 Listed $430,000

General Features

Age 41 - 50
Amenities Owners Unit
Area 71 - Southeast Heights
Builder Unknown
Construction Frame
Days on Market 181
Disability Access Unknown
Finance Considered Cash, Conventional
Legal Description Lots 10 & 11, Block 17, Virginian Place addition
Number of Units 7.00
Property SubType 7 Units
Property Type C
Rental Info Call Listing Broker
Stories 2.0
Subdivision Virginia Place Add
Tenant Pays Other - See Remarks
Year Built 1957
Zoning MX-L*

Interior Features

5+ Units Yes
Appliances Included Refrigerator
Basement No
Cooling Evaporative Cooling
Flooring Tile, Wood
Heating 2+ Units
Utilities All City

Exterior Features

Acres 0.26
Exterior Material Stucco

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Pets
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 87108

Price
AVG $310K
$430K
Taxes
AVG $2,371
$3,408
Visits
AVG 51
82
Year Built
AVG 1960
1957
Walkscore
AVG 64
78
Data Provided by Walkscore ® not using MLS data

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