Bought with Keller Williams Realty
$519,335
$519,335
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2 Beds
1 Bath
2,680 SqFt
SOLD DATE : 05/09/2025
Key Details
Sold Price $519,335
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,680 sqft
Price per Sqft $193
Subdivision Heights Reservoir Addition
MLS Listing ID 1081644
Sold Date 05/09/25
Bedrooms 2
Construction Status Resale
HOA Y/N No
Year Built 1996
Annual Tax Amount $3,072
Lot Size 9,583 Sqft
Acres 0.22
Lot Dimensions Public Records
Property Sub-Type Triplex
Property Description
Built in 1996 by the owners' family and designed by their father, a well known local architect, Allan G Elsik, this is the first time this treasured community has been available for sale. Each unit has two bedrooms and one bathroom and averages 893 sf.The property is owned by an estate and they heir's do need to cash out.At the current average rents of $1,300, and an ask price of $519,335 the measures of investment performance include a price per unit of $173,112, price per square foot of $193.78, a GRM of 11.10, an after reserves cap rate of 6.56%.
Location
State NM
County Bernalillo
Area 40 - Unm
Interior
Heating Central, Forced Air
Cooling Evaporative Cooling
Flooring See Remarks
Fireplace No
Appliance Refrigerator
Exterior
Exterior Feature Landscaping
Utilities Available Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected
Building
Story 1
Entry Level One
Level or Stories One
New Construction No
Construction Status Resale
Others
Tax ID 101705734733611117
Acceptable Financing Cash, Conventional, FHA, VA Loan
Green/Energy Cert None
Listing Terms Cash, Conventional, FHA, VA Loan
Financing Cash
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