Listing Courtesy of: Todd Clarke - NM Apartment Advisors, Inc.
505-440-8633
505-440-8633
$459,974
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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.The owner has positioned this sale to make it easy for an owner occupant to view the main house.Measures of investment performance at ask price of $459,974 and current average rent of $1,133 are a GRM of 11.27, a 5.87% cap rate, $153,325 per unit, $169.79/sf. Ten recent closed or pending sales indicate a value closet to $465,092.
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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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