423 Princeton Drive SE Albuquerque, NM 87106
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
- Property TypeMulti-Family
- NeighborhoodUniversity Heights
- CountyBernalillo
- Taxes$2,398
- HOA/Condo/Coop Fees$0
- Days on Site37 Days
- MLS StatusPending
- MLS ID Number1062189
- Home Size Source N/A
- Year Built1940
- Lot Size0.16 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Construction FrameStucco
- Number of Stories 111
- Acreage 0.16
- Zoning R-ML*
- Property Sub Type Quadruplex
- Utilities Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected
Interior Features
- Cooling Evaporative Cooling
- Heating CentralForced Air
- Appliances Refrigerator
- Flooring CarpetTileWood
Exterior Features
- Exterior Landscaping
Community Features
- MLS Area 42 - UNM South