4705 MARQUETTE Avenue NE, Albuquerque, NM 87108

$1,650,000

Property Type: Residential Income Square Footage: 8,160 Lot Size (sq. ft.): 13,068 Status: Closed

Current Price: $1,650,000 List Date: 7/25/2022 Last Modified: 1/28/2025

Overview

Description

Incredible money-maker! Beautiful Airbnb units always rented as short and long term furnished. Each unit is over 1600/sf with 3 bedrooms and at least 2 baths. Gorgeous spaces constantly rented. The light filled Marquis Unit above the garages is 3 br/3.5 Bath. Take over this Airbnb/VRBO rental and start making money! Take a look at the pictures-these are beautiful units! Most units are completely renovated with the exception of two bathrooms. 4 units have in unit laundry, 5th unit uses the common laundry rm. 5 garages used by owner, guests can park in front of them. Turn-key operation seller will help you set up your new Airbnb page, or for a little extra you can buy the LLC and have all the 5 star reviews!

Listing Details MLS# 1019640

Status Change Info

Pending Date: 2022-09-16
Closing Date: 2022-11-29

Contract Information

List Price/SqFt: 202.21
Allowance/Concession: No

Location

Street #: 4705
Street Name: MARQUETTE
St Suffix: Avenue
Post Direction: NE
County: Bernalillo
City/Town Code: Albuquerque
State/Province: NM
Zip Code: 87108
Zip +4: 1267
MLS Area Major: 40 - UNM
Zone Atlas: K17

General Property Description

# of Units: 5
5+ Units: Yes
Units for Sale: 5
Property Sub-Type: Multi-Family
Living Area: 8160
SqFt Source: Per Appraisal
Lot Size Source: On-Line
Acres: 0.3
Lot SqFt: 13068
Directions: Lomas and Washington south on Washington to Marquette, east to property on the north side of the street
Stories: 2
Total Stories in Bldg: 2
Total # of Buildings: Yes
Year Built: 1962
Age: 51 - 60
# Parking Spaces: 5
Disability Access: Unknown
LBP Disclosure: Yes
Builder: Unknown
Owner Occupant Unit: No
Multiple Lots: One
Flood Zone: X

Basement

Basement: No

Sales Info

Trade/Xch Considered: No

More Information

# of Unit Types (1)

# of Units: Yes
# of Bedrooms: 3
# Baths: 3
Approx. SqFt: 1680
Actual Rent: 244
Max Rent: 281
Market Rent: 244

# of Unit Types (2)

# of Units: 4
# of Bedrooms: 3
# Baths: 2
Approx. SqFt: 1600
Actual Rent: 168
Max Rent: 200

Unit Summary

Total Units: 5
Average Unit Size: 1616
Average Actual Rent: 183.2
Annualized: 10992
Total Actual Rent: 916

Currently Not Used

Bank Owned: No

City/County Data

UPC Code: 101705734840012526

Tax & Legal Info

GRT Code: 02-100
Tax Exemption: No
Tax Annual Amount: 5461.06

Construction Materials

Board & Batten Siding: Yes
Brick: Yes
Frame: Yes

Amenities

Balconies/Deck: Yes
Fireplace Some Units: Yes
Laundry Equip. Owned: Yes
Private Patios: Yes
Some Landscaping: Yes
Wshr/Dryr HU in Unit: Yes

Cooling

Evaporative Cooling: Yes

Flooring

Carpet: Yes
Tile: Yes
Wood: Yes

Heating

Central: Yes
Forced Air: Yes

Owner Pays

Electric: Yes
Gas: Yes
Maintenance: Yes
Sewer: Yes
Trash Removal: Yes
Water: Yes

Tenant Pays

None: Yes

Income & Expenses

Annual Gross Income: 208000
Vacation Rental Income: 208000

Build Description

Resale: Yes

Appliances included

Dishwasher: Yes
Dryer: Yes
Fan/Hood: Yes
Free-Standing Gas Range: Yes
Microwave: Yes
Range Hood: Yes
Refrigerator: Yes
Washer: Yes

Utilities

Cable Connected: Yes
Electricity Connected: Yes
Natural Gas Connected: Yes
Phone Available: Yes
Sewer Connected: Yes
Water Connected: Yes

Electric Provider

Public Utility: Yes

Electric

None: Yes

Miscellaneous Info

All Furnished: Yes
No Sign: Yes
Vacation Rental: Yes

Metering

Individual Electric: Yes
Master Gas: Yes

Operating Expenses

All: Yes

Parking

1 Space Per Unit: Yes

Roof

Bitumen: Yes
Flat: Yes

Finance Considered

Cash: Yes
Other - See Remarks: Yes

Rental Info

Other - See Remarks: Yes

Zoning

R-MH*: Yes

Property Features

Construction Materials: Board & Batten Siding; Brick; Frame Build Description: Resale Amenities: Balconies/Deck; Fireplace Some Units; Laundry Equip. Owned; Private Patios; Some Landscaping; Wshr/Dryr HU in Unit Appliances included: Dishwasher; Dryer; Fan/Hood; Free-Standing Gas Range; Microwave; Range Hood; Refrigerator; Washer Utilities: Cable Connected; Electricity Connected; Natural Gas Connected; Phone Available; Sewer Connected; Water Connected Heating: Central; Forced Air Cooling: Evaporative Cooling Flooring: Carpet; Tile; Wood Electric Provider: Public Utility Electric: None Miscellaneous Info: All Furnished; No Sign; Vacation Rental Metering: Individual Electric; Master Gas Operating Expenses: All Owner Pays: Electric; Gas; Maintenance; Sewer; Trash Removal; Water Tenant Pays: None Parking: 1 Space Per Unit Roof: Bitumen; Flat Rental Info: Other - See Remarks Finance Considered: Cash; Other - See Remarks Zoning: R-MH*

Listing Office: Unica Real Estate LLC

Last Updated: January - 28 - 2025

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