126 Rhode Island Street SE

Albuquerque, NM
$ 308,963 Beds 2 Baths 1 Sq 3,000
Monthly Estimate* How much can I afford?

Did you know that the average fourplex sales price of $322,844 reflects an appreciation of 31% between 2020 to 2021? Or that 25% of the fourplex market is in product that sold for more than $400,000?The fourplexes can be bought individually or together as they sit on their own individual lots.Each property has had recent renovations including new roofs (2017-2018) and upgrades.126 Rhode Island SE has slightly higher income (average rents of $638) and at the ask price of $308,963 the measures of investment performance include a GRM of 10.10, a before reserves cap rate of 5.74% and an after tax IRR of 16.00%. If rents are raised to the market of $750, the measures of investment performance improve to a cap rate of 6.83%, and cash on cash of 10.01%

Multi-Family

  • Price
  • $ 308,963
  • Lot Size
  • 6,970 SqFt
  • Bedrooms
  • 2
  • Sqr Footage
  • 3,000
  • Full Bathrooms
  • 1
  • Year Built
  • 1980
  • Half Bathrooms
  • 0
  • City, Zip
  • Albuquerque
  • Taxes
  • $ 1951
  • County
  • BERNALILLO
  • Style
  • Quadruplex
  • Area
  • Southeast Heights
  • MLS#
  • 1006633
  • Zip
  • 87108
Listing Provided by: NM Apartment Advisors, Inc.
Data Source: Southwest MLS (SWMLS)

Features

General

Additional Parcels Y/N Yes
Appliances Refrigerator
Construction Materials Frame
Cooling Evaporative Cooling
Electric None
Flooring Vinyl
Heating Central, Forced Air
Levels Two
Listing Agent State License 13711
Lot Size Square Feet 6970
MLS Area 71 - Southeast Heights
Property Sub Type Additional Quadruplex
Property SubType Quadruplex
Property Type Residential Income
PropertyCondition Resale
Status Active
Stories 2
Subdivision Name Lot 5, Block 2, Unity Addition
Terms Cash, Conventional, FHA, VA Loan
Total Units 4
Utilities Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Zoning Description MX-L*

Interior Features

Air Conditioning Y/N Yes
Heating Y/N Yes
Living Area 3000
Total Baths 1
Total Bedrooms 2

Exterior Features

Lot Size Acres 0.16
Lot Size Source Public Records
Number of Buildings 1

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$2,869

Per Month

Based on the average sale price from the Albuquerque, NM office

  • Monthly Principal & interest $1,740
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 3.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

1/3/2022 Listed $308,963

Property vs Zip Code Average in 87108

Price
AVG $380K
$310K
Taxes
AVG $2,299
$1,951
Visits
AVG 51
33
Year Built
AVG 1966
1980
Walkscore
AVG 70
67
Data Provided by Walkscore ® not using MLS data

Map

126 Rhode Island Street SE Albuquerque, NM is a Single Family Home for sale at $308963 with 3000 sqft and a lot size of 6,970 SqFt Acre(s). 126 Rhode Island Street SE Albuquerque has 2 bedrooms, 1 baths and was built in 1980. The property's zip code is 87108 which is in Albuquerque, NM

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 3.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.