DO NOT DISTURB TENANTS.Shown by appointment ONLY and will only be shown with accepted deal.8.00% CAP RATE ON NOI. See broker for financial information.Fully Leased! Recently Remodeled! This Property has been recently remodeled with a number of improvements including new roofs, stucco, windows, doors.Landscaping, paving, and gravel driveway is all new.The units have kitchen remodels including countertops, cabinets, backsplashes, stainless appliances. Apt 1 received a full interior renovation.Apt 2 received a kitchen & living renovation. Apt 3: kitchen renovation, flooring, The 3 bed Home received updates throughout including a kitchen renovation and 3 new refrigerated air units and has a private walled yard area.
Property Details
Property Features
Property Information:
Stories: 1
Living Area: 3,411 SqFt
Listing Office:
Office Name: Absolute Investment Realty
Office Phone: (505) 346-6006
Listing Agent: Alfredo Barrenechea
Interior Features
Interior Information:
Appliances: Gas Range, Microwave, Refrigerator
Basement: No
Flooring Type: Carpet, Laminate
Bedroom and Bathroom Information:
Total Bedroom Count: 1
Exterior Features
Exterior Information:
Exterior: Landscaping
Lot Features
Lot Information:
Lot Size: 0.31 Acres
Utilities
Utilities Information:
Heating: Hot Water, Wall Furnace
Cooling: Evaporative Cooling
Other
Directions Information:
Directions: Property is Located at the NEC of Louisiana & Southern Blvd.
Price Information
Listing Price Info
Price Summary:
List Price: $593,000
Price Per SqFt: $174/SqFt
Tax Information:
Annual Amount: $3,427
Tax Year: 2020
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Albuquerque, NM.
This property is $248.9K more than the Median Sold Price and $31/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: #1031092
Listing Office:
Office Name: Absolute Investment Realty
Office Phone: (505) 346-6006
Listing Agent: Alfredo Barrenechea
The 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.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$3,027
Per Month
Principal & Interest
$2,960
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$1,844
Powered By
Advertisement
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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
2
/10
Emerson Elementary School
620 Georgia St SE
Distance between this listing and this school0.19 miles
Public District Grades PK-5
1
/10
Wherry Elementary School
Bldg 25000th Kafb East
Distance between this listing and this school0.76 miles
Public District Grades PK-5
3
/10
La Mesa Elementary School
7500 Copper Ave NE
Distance between this listing and this school0.90 miles
Public District Grades PK-5
Nearby Schools
4
/10
Van Buren Middle School
700 Louisiana Blvd SE
Distance between this listing and this school0.08 miles
Public District Grades 6-8
4
/10
Wilson Middle School
1138 Cardenas Dr SE
Distance between this listing and this school0.72 miles
Public District Grades 6-8
3
/10
Hayes Dual Language Magnet Middle School
1100 Texas St NE
Distance between this listing and this school1.73 miles
Public District Grades 6-8
Nearby Schools
1
/10
Cesar Chavez Community School
1325 Palomas Dr SE
Distance between this listing and this school1.03 miles
Public Charter Grades 9-12
3
/10
Highland High School
4700 Coal Ave SE
Distance between this listing and this school1.45 miles
Public District Grades 9-12
6
/10
Media Arts Collaborative Charter
4401 Central Ave NE Bldg 2
Distance between this listing and this school1.72 miles
The neighbors living near this home have an average income of $30,000. Typical income of Albuquerque, NM residents is less than $35k annually. Residents typically live in single, no kids family. Typical level of education for residents in this area is high school diploma.
This home is located at 644 Louisiana Blvd SE in Albuquerque, NM and zip code 87108 in the Trumbull Village neighborhood. This 3,411 square foot home sits on a 0.31 acre lot. Features: 1 bedroom, 1 bathroom. It has been listed on Rocket Homes since March 18, 2023 and is currently priced at $593,000.
In October 2024, from all listings sold in Albuquerque, NM there were more than 94 sold above asking price, over 288 sold below and more than 148 were sold right at the asked price. In October 2024 in Albuquerque, NM there were 8.2% less homes for sale than in September 2024. In October 2024, listings were on the market for 33 days. During the same period, the median list price in this real estate market was $344,019.
From Rocket Homes Real Estate and based on county public records data.