612 Adams Street NE
Albuquerque, NM 87110
MLS #906080

Multi-family
  • 2units
$250,682
Est. P&I payment: $957.44/mo
612 Adams Street NE, Albuquerque, NM 87110
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Description for 612 Adams Street NE, Albuquerque, NM 87110
Amazing gem of Duplex located just east of UNM, north of Nob-Hill and within walking distance of the Sprouts supermarket and short hop to Los Cuates and its world famous sweet and hot salsa! Tucked in a high appreciation, neighborhood of mostly single family homes built in 1940-50's. The property contains a small unit in the front, a larger unit in the rear, and a shared laundry room between theMeasurements of investment performance based on actual historical rents of $950 per unit, 6.00% CAP rate, a12.00% before tax IRR, and 15.10% after tax IRR. Please note units are currently vacant and ready for your buyer to occupy.Tour postponed until January 2018 - please see online virtual tour.
MLS #906080
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My Notes for MLS #906080

General Features

  • Property Type: C
  • Year Built: 1948
  • Total Number of Buildings: 1
  • Stories: 1
  • Property Sub-Type: Duplex
  • 5+ Units: No
  • Age: 1 - 3
  • Number of Units: 2
  • Lot SqFt: 6,970
  • Zoning: R-2

Exterior Features

  • Exterior Material: Stucco

Interior Features

  • Basement: Basement: No
  • Unit Type 1: Number of Units: 1
  • Unit Type 1: Number of Bedrooms: 1
  • Unit Type 1: Number Baths: 1
  • Unit Type 1: Average SqFt: 918
  • Unit Type 2: Number of Units: 1
  • Unit Type 2: Number of Bedrooms: 2
  • Unit Type 2: Number Baths: 1
  • Unit Type 2: Average SqFt: 1,213
  • Unit Summary: Total Units: 2
  • Unit Summary: Average Unit Size: 1,066
  • Unit Summary: Average Actual Rent: 950
  • Unit Summary: Annualized: 22,800
  • Flooring: Carpet

Utility Features

  • Amenities: Laundry Community
  • Appliances included: Refrigerator
  • Cooling: Evaporative
  • Heating: Gas
  • Utilities: All City

Financial Features

  • Approximate Taxes: 2,503
  • Foreclosure: No
  • Unit Type 1: Average Actual Rent: 800
  • Unit Type 1: Max Rent: 800
  • Unit Type 1: Market Rent: 850
  • Unit Type 2: Average Actual Rent: 1,100
  • Unit Type 2: Max Rent: 1,100
  • Unit Type 2: Market Rent: 1,150
  • Unit Summary: Total Actual Rent: 1,900
  • Finance Considered: Cash,​FHA,​VA
  • Owner Pays: Other - See Remarks
  • Tenant Pays: Other - See Remarks

Community Features

  • Subdivision: Hill X Hendren Sub

Miscellaneous Features

  • Disability Access: Unknown
  • Lead Base Paint: Yes
  • Construction: Frame

Location

 
Street View Not Available
Directions to 612 Adams Street NE, Albuquerque, NM 87110
From I-40 and San Mateo, south to Lomas, west to Adams, north to property.
The listing information for 612 Adams Street NE, Albuquerque, NM 87110 was graciously provided by our friends at the listing brokerage, NM Apartment Advisors, Inc.

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Please Note: All information in this site is deemed reliable but not guaranteed. The property information provided on Southwest Realty's websites is for personal, non-commercial use only and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Property information is gathered from third-party resources including the seller and public records. Southwest Realty, Onjax, LLC, its affiliates, owners, subsidiaries and subscribers disclaim any and all representations or warranties as to the accuracy or reliability of the information provided. You should verify all claims through personal inspection and/or contact with the appropriate real estate professionals.
Last Updated 04/22/2018 at 5:51pm
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