Listing Courtesy of: Todd Clarke - NM Apartment Advisors, Inc.
505-440-8633
505-440-8633
$442,446
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311 Princeton Drive Albuquerque, NM 87106
Triplex
Residence
2
Beds
1
Baths
2,709
Sq. Ft.
0.16
Acre
Lot
Property Activity
Time on Site
days
Days on Market
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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 Sm...iths 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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MLS#
1061818
Property Type
Triplex
Bedrooms
2
Bathrooms
Year Built
1940
Square Feet
2,709
sq. ft
Lot Size
0.16
Sewer
Sewer Connected
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Walk Score measures the walkability of any address, Transit Score measures access to public transit on a scale of 1-100.
Source: Walk Score®
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