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Image 1 - 146 Rhode Island Street Southeast, Albuquerque, NM 87108, USA - Duplex for sale

Image 2 - 146 Rhode Island Street Southeast, Albuquerque, NM 87108, USA - Duplex for sale

Image 3 - 146 Rhode Island Street Southeast, Albuquerque, NM 87108, USA - Duplex for sale

Image 4 - 146 Rhode Island Street Southeast, Albuquerque, NM 87108, USA - Duplex for sale

Image 5 - 146 Rhode Island Street Southeast, Albuquerque, NM 87108, USA - Duplex for sale

Image 6 - 146 Rhode Island Street Southeast, Albuquerque, NM 87108, USA - Duplex for sale

Quadruplex

146 Rhode Island Street Southeast, Albuquerque, NM 87108, USA

Quadruplex

duplex for sale

45 views

Listed: 02/13/23

146 Rhode Island Street Southeast, Albuquerque, NM 87108, USA

2 Bed:

1 Bath:

3,000 Sq Ft Living Area:

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Price

$ 229,858

Show 4 more

About This Duplex

This fourplex contains two-bedroom one bathroom units that are current renting at $763 a month. The property has a laundry room and resident storage - neither of which are available to residents - either of which would enhance an investors income stream. Property has a new TPO roof (2022) (not shown below) with a 20 year warranty.Based on the current average rents of $763 per month, and an ask price of$229, 858the property's measures of investment performance include a6.28 GRM, 8.39% cap rate before reserves, before tax IRR of 25.8% and an after-tax IRR of 20.5%. If rents were raised to market average of $875, the measures of investment performance improve to a 10.17% cap rate, and a 19.80% cash on cash.Tour 11/1, offer deadline 11/3

Property Includes

Parking
Storage
Refrigerator
Covering Floor Carpet
Covering Floor Tile
Heating Central Furnace
Heating Forced Air

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Trumbull Village Housing & Living

Household Income

Median household income: $51,099

Number of households: 228,491

The average household income in Albuquerque, NM grew from $50,456 to $51,099 in the past year. This data is an estimate based upon 228,491 households in Albuquerque, NM.
The chart below presents how household income is distributed in Albuquerque, NM in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $2k-$3k

One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Albuquerque, NM compared to median property taxes around the country. The prevalent amount of property taxes in Albuquerque, NM equals $2k-$3k , which is less than the national average.