423 Princeton Drive SE, Albuquerque, NM 87106 (MLS # 1062189)
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423 Princeton SE is located just 4 blocks to UNMs main campus with quick and immediate access to an ART Stop and all that downtown and Nob Hill have to offer. With a 69 Walk Score, 79 Bike Score and a Transit score of 44, and is in the epi-center of the UNM/CNM campuses and close to the University area Smith's Grocery store.The property will have a unit ready for an owner occupant in the last half of May 2024.Measures of investment performance at ask price of $508,245 and current average rent of $975 are a GRM of 10.86, a 6.13% cap rate, $127,061 per unit, $247.20/sf. Ten recent closed or pending sales indicate a value closet to $510,269.The owner is including the ocean container unit, used for storage, located on the west side parking lot of the property, as part of the sale
| DAYS ON MARKET | 14 | LAST UPDATED | 5/7/2024 |
|---|---|---|---|
| TRACT | University Heights | YEAR BUILT | 1940 |
| COMMUNITY | 42 - UNM South | COUNTY | Bernalillo |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| ADDITIONAL DETAILS | |
| AIR | Evaporative Cooling |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Refrigerator |
| AREA | 42 - UNM South |
| BASEMENT | Yes |
| BUYER'S BROKERAGE COMPENSATION | 3.0% |
| CONSTRUCTION | Frame |
| HEAT | Central, Forced Air |
| LOT | 6970 sq ft |
| STORIES | 1 |
| SUBDIVISION | University Heights |
| TAXES | 2398.62 |
| UTILITIES | Natural Gas Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected |
| ZONING | R-ML* |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
0
P
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*Estimate only
Listed with NM Apartment Advisors, Inc.
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.
This IDX solution is (c) Diverse Solutions 2024.
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