Barbara Madaras - Coldwell Banker Legacy
12600 Dunes Road SE
Albuquerque, NM 87123

Description

Always Rented! 100% Occupancy Rate in this Four Hills-area Fourplex; long-term tenants want to stay. Well-maintained red-brick complex--no constant stucco work. All units are 2-bedrooms/1-full bath & include interior red-brick fireplaces with brick mantels, ceramic floor tile in public areas & efficient thermal windows. Lots of storage: generous Masters have walk-ins & there is a hall linen closet & builtin hall shelves, + outside garden equip storage. All units are 850s sq ft--top two units have porches & backyard balconies; bottom two apartments have private back courtyards; all rent for $600. That's $2400/month income; Purchased with FHA loan, the mortgage payment would be a little over $1300, with a monthly income of $1100!! Owner occupied receives 3% government grant for down payment.

Details

MLS#923955
Sub-TypeResale
StatusActive
Year1978
Days On Site30

Features

SQ Feet3,868
Units4
Building(s)1

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Area Information

StateNM
CountyBernalillo
CityAlbuquerque
Zip Code87123
Area71 - Southeast Heights
Listing VS Median (in 87123)
Price:
$239,000
low | high
Med:
$224,950
55.878661087866% of Average
SqFt:
3,868
low | high
Med:
1,075
100% of Average
$ / SqFt:
$62
low | high
Med:
$52
65.353391067433% of Average
On Site:
30
low | high
Med:
366.5
8.18553888131% of Average
Listing Updated: 08/14/2018
MLS Number: 923955
Listing Provided By:
Donald L Plunkett  of  Congress Realty Inc