Bought with RE/MAX SELECT
For more information regarding the value of a property, please contact us for a free consultation.
Key Details
Sold Price $140,000
Property Type Single Family Home
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 1,400 sqft
Price per Sqft $100
MLS Listing ID 1022205
Sold Date 05/31/23
Bedrooms 4
Full Baths 2
Construction Status Resale
HOA Y/N No
Year Built 1936
Annual Tax Amount $913
Lot Size 0.480 Acres
Acres 0.48
Lot Dimensions Public Records
Property Description
The residence contains three bedrooms + an office, two bathrooms and a long-term resident has just moved out making this ideal for a renovation/rehab buyer. Once renovated, market rent for the unit is closer to $1,500, but the major play on this property is the redevelopment opportunity and ability to add additional residential units. Based on a R-T zoning, and the ease of access to a street in 3 different directions, it seems likely the property could support an additional 4 units. The listing broker valued the extra land at $25,000 per unit and the main residence at $200,000 for a total price of $300,000, that said, the start price is $175,000.
Location
State NM
County Bernalillo
Area 80 - Downtown Area
Interior
Interior Features Main Level Master
Heating Central, Forced Air
Cooling Evaporative Cooling
Flooring Carpet, Tile
Fireplace No
Laundry None
Exterior
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Water Access Desc Public
Roof Type Shingle
Private Pool No
Building
Lot Description Alley
Faces South
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Construction Status Resale
Schools
Elementary Schools Longfellow
Middle Schools Jefferson
High Schools Albuquerque
Others
Tax ID 101405848019043301
Acceptable Financing Cash
Listing Terms Cash
Financing Cash
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Get More Information