610 Jefferson Street NE
- 2 beds
- 2 baths
- 2,225 sqft
- 6,752 sqft lot
- $179 per sqft
- 2017 build
- – on site
Tucked in a high appreciation, neighborhood of mostly single-family homes built in 1940-50's. The property, located at 610 Jefferson NE, includes front hour and a rear duplex that was built in 2017.A core deal with a stable base of income, there is also a value add opportunity in bringing the rent levels to market, or above market rates given how highly sought after the area is by many residents.Measurements of investment performance based on actual average rents of $900 per unit, 5.21% CAP rate, 18.50% before tax IRR, and 14.90% after tax IRR. Based on a market rent of $1,007 per unit the measure of investment performance improves to a 5.97% Cap (before reserves), and a 8.08% cash on cash.The location has a high walk (78), Bike (83), and transit (40) score.
Last checked: Checking… • Last updated Oct 18, 2020 • Source: SWMLS
MLS# 979464 —
Amenities & Taxes
The Building
- Year Built:
- 2017
- New Construction:
- No
- Construction Materials:
- Frame
- Builder Name:
- Mc Mann
- Stories:
- 1
- Stories Total:
- 1
- Basement:
- No
- Number Of Units Total:
- 3
- Building Area:
- 2,225 Sqft
- Building Area Source:
- Appraiser
Interior
- Living Area Source:
- Appraiser
Room Dimensions
- Living Area:
- 2225
Location
- Latitude:
- 35.088279
- Longitude:
- -106.592687
- Directions:
- From I-40 & Carlisle - south to Lomas, east to Jefferson, north to property.
The Property
- Zoning Description:
- R-ML*
- Lot Size Acres:
- 0.16
- Lot Dimensions Source:
- Public Records
- Lot Size Source:
- Public Records
- Lot Size Square Feet:
- 6,752 Sqft
- Property Type:
- Residential Income
- Property Condition:
- Resale
- Additional Parcels:
- Yes
- Exterior Features:
- Privacy Wall
- Fencing:
- Wall
Listing Agent
- Contact info:
- Agent phone:
- (505) 440-8633
- Office phone:
- (505) 440-8633
Taxes
- Tax Annual Amount:
- $4,415
Beds
- Bedrooms Total:
- 2
Baths
- Bathrooms Total:
- 2
Heating & Cooling
- Cooling:
- Evaporative Cooling
- Heating:
- Central, Forced Air
- Heating:
- Yes
Utilities
- Electric:
- None
- Utilities:
- Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
- Electric On Property:
- No
Appliances
- Appliances:
- Refrigerator
The Community
- Subdivision Name:
- New Year Add Brooms Sub
Parking
- Parking Total:
- 3
Schools
| Rating | Details | |
|---|---|---|
|
6
|
Zia Elementary School
|
|
|
4
|
Jefferson Middle School
|
|
|
4
|
Albuquerque High School
|
GreatSchools scores are based on a scale from 1 to 10, where 10 is above average.
The school service areas are not definitive and should only be used as guidance. GreatSchools Ratings provided by www.greatschools.org
Explore the Area
My Commute
WalkScore®
Provided by WalkScore® Inc.
Soundscore™
Provided by HowLoud
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
10/18/20
Oct 18, 2020
|
Listed / Active | SWMLS | $399,000 |