About 423 Princeton Drive Se
423 Princeton SE is located just 4 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 69 Walk Score, 79 Bike Score and a Transit score of 44, and is in the epi-center of the UNM/CNM campuses and close to the University area Smith's Grocery store.The property will have a unit ready for an owner occupant in the last half of May 2024.Measures of investment performance at ask price of $508,245 and current average rent of $975 are a GRM of 10.86, a 6.13% cap rate, $127,061 per unit, $247.20/sf. Ten recent closed or pending sales indicate a value closet to $510,269.The owner is including the ocean container unit, used for storage, located on the west side parking lot of the property, as part of the sale
Features of 423 Princeton Drive Se
| MLS® # | 1062189 |
|---|---|
| Price | $508,245 |
| Bathrooms | 1.00 |
| Square Footage | 2,056 |
| Acres | 0.16 |
| Year Built | 1940 |
| Type | Residential Income |
| Sub-Type | Quadruplex |
| Status | Active |
Community Information
| Address | 423 Princeton Drive Se |
|---|---|
| Area | 42 - UNM South |
| Subdivision | University Heights |
| City | Albuquerque |
| County | Bernalillo |
| State | NM |
| Zip Code | 87106 |
Amenities
| Utilities | Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior | Carpet, Tile, Wood |
|---|---|
| Appliances | Refrigerator |
| Heating | Central, Forced Air |
| Cooling | Evaporative Cooling |
| Fireplace | No |
| # of Stories | 1 |
| Stories | One |
Exterior
| Exterior Features | Landscaping |
|---|---|
| Construction | Frame |
Additional Information
| Date Listed | May 7th, 2024 |
|---|---|
| Days on Market | 12 |
| RE / Bank Owned | No |
Listing Details
| Office | NM Apartment Advisors, Inc. |
|---|