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 YN: 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

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

Some of the information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers' personal, non-commercial use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.

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4705 MARQUETTE Avenue NE, Albuquerque, NM 87108 (MLS# 1019640)