3409 Eastern Avenue SE, Albuquerque, NM 87106

$399,000
2
BD
1
BA
2,700
SqFt
List Price
$399,000
MLS#
1064896
Property Type
Multifamily
Bedrooms
2
Bathrooms
1
Sqft. of Residence
2,700
Lot Size
6,752
Region
UNM South
Status
ACTIVE

Property Description

3409 Eastern SE features four two-bedroom, one-bath units fully rented. Current numbers at the opening bid price provide for a CAP rate of 8.2% and a GRM of 8.81. If rents were raised to the market rent the result would be a CAP rate of 11.2% and a GRM of 6.8. Total expenses for the building, based on annualized data from March-May of 2024 are $12,640.64 and Net Operating Income of $32,623.36.Recently installed block courtyard walls provides tenants with a private front yard area. Property to be sold by Online Auction with reserve. Purchase separately or with 3413, 3417 and 3421 Eastern SE. List price represents the starting bid amount. Property to be sold by Online Auction with Reserve. Contact listing Broker for auction site information. Offer subject to inspection.

Additional Information

County
Bernalillo
Subdivison
Knob Heights
Acres
0.16
Exterior Features
Patio
Appliances
Dryer, Free-Standing Gas Range, Refrigerator, Washer
Construction
Frame
Cooling
Evaporative Cooling
Flooring
Laminate, Tile, Vinyl
Heating
Wall Furnace
Utilities
Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
Zoning
MX-L*

Mortgage Calculator

Amount of Loan
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Calculator source: Real Geeks

Listing courtesy of New Mexico Real Estate Auction.

Some of the information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers’ personal, non-commerical use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.