619 Madison Street NE, Albuquerque, NM 87110

$277,840
4
BD
2.0
BA
2,988
SqFt
List Price
$277,840
Status
ACTIVE
MLS#
924302
Property Type
Detached
Bedrooms
4
Bathrooms
2.0
Living Area
2,988
Lot Size
6,969
Region
UNM
Estimated Age
10 - 15

Property Description

Newer construction (2005) - and amazing gem of duplex (two houses front/rear) 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. This property was built in 1996, and includes two houses and a single car garage.Measurements of investment performance based on actual average rents of $975 per unit, 5.25% CAP rate, 10.30% before tax IRR, and 7.30% after tax. Based on a market rent of $1,113 per unit+$50 in garage income, the measure of investment performance improves to a 6.79% Cap.Ideal for the owner occupant or investor.

Additional Information

County
Bernalillo
Subdivison
New Year Add Brooms Sub
Age
10 - 15
Acres
0.16
Full Bathrooms
2
Amenities
Yes
Exterior Features
Fenced Backyard
Exterior Material
Stucco
Approximate Taxes
3123.76
Construction
Frame
Cooling
2+ Units
Disability Access
Unknown
Financing
Cash, Conventional, FHA, VA
Flooring
Tile
Garage Spaces
1
Green
No
Heating
2+ Units
Historic Property
No
Roof
Pitched
Water
city
Windows
Sliding
Elementary School
Zia
Middle School
Jefferson
High School
Albuquerque

Room Dimensions

Master
15x12 Level: M

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of 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.