Bought with Maddox & Co/REALTORS
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Key Details
Sold Price $472,920
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,056 sqft
Price per Sqft $230
Subdivision University Heights
MLS Listing ID 1062189
Sold Date 07/25/24
Construction Status Resale
HOA Y/N No
Year Built 1940
Annual Tax Amount $2,398
Lot Size 6,969 Sqft
Acres 0.16
Lot Dimensions Public Records
Property Description
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
Location
State NM
County Bernalillo
Area 42 - Unm South
Interior
Heating Central, Forced Air
Cooling Evaporative Cooling
Flooring Carpet, Tile, Wood
Fireplace No
Appliance Refrigerator
Exterior
Exterior Feature Landscaping
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Accessibility None
Building
Story 1
Entry Level One
Level or Stories One
New Construction No
Construction Status Resale
Others
Tax ID 101605717303830902
Acceptable Financing Cash, Conventional, FHA, VA Loan
Green/Energy Cert None
Listing Terms Cash, Conventional, FHA, VA Loan
Financing Conventional
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