Price Reduction
Address
1604 Walter Street SE Albuquerque, NM
Price
$ 310,000
Property Attributes
  • MLS#1004545
  • TypeMulti-Family
  • CountyBERNALILLO
  • CityAlbuquerque
  • AreaNear South Valley
  • Zip87102
  • StyleDuplex
  • Year Built1979
  • Taxes$ 2249
  • Price$ 310,000
  • Bedrooms4
  • Full Bathrooms2
  • Half Bathrooms0
  • Sqr Footage2200
  • Lot Size7,100 SqFt
Listing Provided Courtesy Of:
Casa Montoya Realty, LLC
Data Source:
Southwest MLS (SWMLS) - 101 - NM
Property Description

This money making 2200 sq ft Duplex is a rare gem in the up and coming, but still affordable South Broadway area. Live in one side and let the other side pay your Mortgage. At $141 a square foot, it is priced under the average $174 for the area. Each side has 4 bedrooms and 1.5 baths, a large living area and kitchen with washer and dryer hook ups. The roof was replaced March 2021. Gas and electric are separate meters, water is not. Rents are not at market and are month to month. At market, the ROI/COCR is 9.25% and GRM is 10.5. Seller is moving out of state and liquidating. Tenants in place. Do not disturb. All Showings must have at least a 24 hour notice.

Price History
11/12/2021 Listed $359,000
11/20/2021 14% - $310,000

General Features

Appliances Free-Standing Gas Range, Refrigerator
Construction Materials Frame
Cooling Evaporative Cooling, Ceiling Fan(s)
Electric None
Flooring Laminate, Tile
Heating Central, Forced Air
Interior Features Ceiling Fan(s)
Levels One
Listing Agent State License 54731
Lot Size Square Feet 7100
MLS Area 90 - Near South Valley
Property Sub Type Additional Duplex
Property SubType Duplex
Property Type Residential Income
PropertyCondition Resale
Status Active
Stories 1
Terms Cash, Conventional
Total Units 2
Utilities Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Zoning Description R-1A*

Interior Features

Air Conditioning Y/N Yes
Heating Y/N Yes
Living Area 2200
Total Baths 2
Total Bedrooms 4

Exterior Features

Lot Size Acres 0.16
Lot Size Source Appraiser
Number of Buildings 2

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

Property vs Multi-Family Average in 87102

Price
AVG $860K
$310K
Taxes
AVG $3,089
$2,249
Visits
AVG 28
23
Year Built
AVG 1929
1979
Walkscore
AVG 78
54
Data Provided by Walkscore ® not using MLS data

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