311 Princeton Drive Se Albuquerque, NM 87106

3 Units
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$442,446 Est. $1,629 / mo.*
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Property Type: Triplex
Status: Active
Year Built: 1940
Neighborhood: University Heights Addition
Days on Website: 204

Courtesy of NM Apartment Advisors, Inc..

Description

311 Princeton SE is located just 3 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 77 Walk Score, 85 Bike Score and a Transit score of 43, and is in the epi-center of the UNM/CNM campuses and is just steps from the Smiths Grocery store.Measures of investment performance at ask price of $442,446 and current average rent of $1,150 are a GRM of 10.69, a 6.37% cap rate, $147,482 per unit, $163.32/sf. Ten recent closed or pending sales indicate a value closer to $469,033.Sellers are willing to offer up to $21,982 in credits to a buyer who secures an FHA owner occupant loan. According to lender, Kevin Caudill, at Bank of Albuquerque, this would drive the interest rate down to 5.00% for 30 years ,

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Property Details and Features

  • Description: Refrigerator
  • Total Bathrooms: 2
  • Area: 2709
  • Building Area: 2709
  • Construction Materials: Frame,Stucco,WoodSiding
  • Levels: One
  • Year Built: 1940
  • Details: EvaporativeCooling
  • Features: Landscaping
  • Flooring: Tile,Vinyl,Wood
  • Heating: Central,ForcedAir
  • Days on Market: 164
  • Listing Price: 442446
  • Status: Active
  • Address: 311 Princeton Drive SE
  • Area: 42 - UNM South
  • City: Albuquerque
  • State: NM
  • Zip: 87106
  • County: Bernalillo
  • Subdivision: University Heights Addition
  • Directions: From I-25 and Coal - east to Princeton, north to property.
  • Acres: 0.16
  • Size: 0
  • Size Source: PublicRecords
  • Utilities: ElectricityConnected,NaturalGasConnected,SewerConnected,WaterConnected
$442,446 - 2Br/Ba - for Sale in University Heights Addition, Albuquerque
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$442,446 - 311 Princeton Drive Se, Albuquerque, NM 87106
311 Princeton Drive Se Albuquerque, NM 87106
Address: 311 Princeton Drive SE

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