7 months on rocket

240 Wheeler Ave SE, Albuquerque, NM, 87102

$475,000

Home List Price

$5,641*

Closing Credit

2 Bedrooms
1 Bath
2,693 SqFt
$176/SqFt
Multi

Location

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240 Wheeler Ave SE, Albuquerque$475,000

Buyer Closing Credits

$5,641*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
Year Built1989
HeatingCentral, Forced Air
CoolingCentral Air
MLS #1060434
Lot Size0.12 Acres
StatusActive

About 240 Wheeler Ave SE

Exceptional Investment Opportunity! Prime 4-Plex near UNM, CNM & Downtown. Strong Cash Flow! Ideal for investors seeking consistent returns. This fourplex presents a lucrative investment opportunity with consistent rental income & high occupancy rates, ensuring a steady cash flow for investors.Multi-Unit Flexibility: With four individual units, each with its own distinct layout, this property provides versatile living options to attract a diverse range of tenants. Investor-Friendly: Whether you're a seasoned investor or a newcomer to real estate, this fourplex offers a solid investment opportunity with the potential for long-term growth & financial stability.Well-maintained property, turnkey for immediate income generation. Don't miss out on this lucrative opportunity!

Property Details

Property Features

Property Information:

  • Year Built: 1989
  • Stories: 2
  • Living Area: 2,693 SqFt

Listing Office:

  • Office Name: Reza Realty
  • Office Phone: (505) 600-2695
  • Listing Agent: Aldo A Reza

Interior Features

Interior Information:

  • Appliances: Gas Oven, Gas Range, Dryer, Dishwasher, Microwave, Refrigerator, Washer
  • Basement: No
  • Flooring Type: Carpet, Tile, Vinyl

Bedroom and Bathroom Information:

  • Total Bedroom Count: 2

Virtual/3D Tour

  • 3D Tour: 240 Wheeler Ave SE
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Lot Features

Lot Information:

  • Lot Size: 0.12 Acres

Utilities

Utilities Information:

  • Heating: Central, Forced Air
  • Cooling: Central Air

Other

Directions Information:

  • Directions: I-25 South to Gibson, West on Gibson to Broadway, South on Broadway to San Jose, West on San Jose to Hinkle, North on Hinkle to 240 Wheeler. Located on the SW corner of Hinkle and Wheeler

Price Information

Listing Price Info

Price Summary:

  • List Price: $475,000
  • Price Per SqFt: $176/SqFt

Tax Information:

  • Annual Amount: $2,370
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Albuquerque, NM.

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Albuquerque, NM

City

Med. Sold Price

$344K

Med. Price/SqFt

$204

Avg. Days On Market

33

# of Sold Homes

530

240 Wheeler Ave SE vs Albuquerque

221 DAYS ON ROCKET

+188 Days

$475,000

+$130.9K More

$176/SqFt

-$29 Less

KEY TAKEAWAY

This property is $130.9K more than the Median Sold Price and $29/SqFt less than other homes in Albuquerque, NM.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: SWMLS
  • MLS Number: #1060434

Listing Office:

  • Office Name: Reza Realty
  • Office Phone: (505) 600-2695
  • Listing Agent: Aldo A Reza

IDXThe data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Southwest Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed.

Copyright © 2024 Southwest Multiple Listing Service. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/18/2024, 8:20:47 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$2,370$49,422
2019$2,220$47,983
2018$2,142$46,586
2017$2,142$45,229

History based on county public records data.

Payment Calculator

$2,438

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,491

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-757173
3
/10

  • East San Jose Elementary School

  • 415 Thaxton Ave SE

  • 0.47 miles

  • Public District Grades PK-5

school-card-donut-757174
6
/10

  • William W & Josephine Dorn Charter Community School

  • 1119 Edith Blvd SE

  • 1.14 miles

  • Public Charter Grades KG-5

school-card-donut-757175
3
/10

  • Lowell Elementary School

  • 1700 Sunshine Ter SE

  • 1.32 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $38,929. The most common annual income of people living in Albuquerque, NM is between $35k-100k. The most common type of family is single, no kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›New Mexico›Bernalillo County›Albuquerque›87102›240 Wheeler Ave SE

This home is located at 240 Wheeler Ave SE in Albuquerque, NM and zip code 87102 in the San Jose neighborhood. This 2,693 square foot home, which was built in 1989, sits on a 0.12 acre lot. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since April 10, 2024 and is currently priced at $475,000.

Albuquerque, NM housing market in October 2024 saw over 94 listings sold above listed price, more than 148 sold at listed price and over 288 sold below. Between September 2024 and October 2024, Albuquerque, NM real estate market has seen decrease in the number of listings by 8.2%. Listings spent 33 days on the market in October 2024, and had a median list price of $344,019 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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