FOR SALE
130 Rhode Island St SE
Albuquerque, NM 87108
Trumbull Village
2 Beds
1 Bath
3,000 sqft
- 2 Beds
- 1 Bath
- 3,000 sqft
2 Beds
1 Bath
3,000 sqft
Local Information
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Commute Destination
Description
130 Rhode Island SE with average rents now at $830, a 18% increase over June 2022 when they averaged $681 and at the ask price of $373,105 the measures of investment performance include a GRM of 9.37, a before reserves cap rate of 6.28% and an after tax IRR of 12.70%. If rents are raised to the market of $1,247 (which an identical property on this street is achieving), the measures of investment performance improve to a cap rate of 11.11%, and cash on cash of 22.86%In addition to raising rents to the market untapped upside exists in renovating and generating income from the unused laundry rooms.Extensive renovations list can be found on page 6 of the flyer(s) and full inspection reports, leases and additional information for 130 Rhode Island SE are available to qualified investor
Home Highlights
Parking
No Info
Outdoor
No Info
A/C
Heating & Cooling
HOA
None
Price/Sqft
$124
Listed
53 days ago
Home Details for 130 Rhode Island St SE
Interior Features |
|---|
Beds & Baths Number of Bedrooms: 2Number of Bathrooms: 1 |
Dimensions and Layout Living Area: 3000 Square Feet |
Appliances & Utilities Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water ConnectedAppliances: RefrigeratorRefrigerator |
Heating & Cooling Heating: Central,Forced AirHas CoolingAir Conditioning: Evaporative CoolingHas HeatingHeating Fuel: Central |
Gas & Electric Electric: None |
Windows, Doors, Floors & Walls Flooring: Vinyl |
Levels, Entrance, & Accessibility Stories: 2Number of Stories: 2Levels: TwoFloors: Vinyl |
Days on Market |
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Days on Market: 53 |
Property Information |
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Year Built Year Built: 1980 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Quadruplex, Multi Family |
Building Construction Materials: FrameNot a New ConstructionHas Additional Parcels |
Property Information Condition: ResaleParcel Number: 101905731802940206 |
Price & Status |
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Price List Price: $373,105Price Per Sqft: $124 |
Active Status |
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MLS Status: Active |
Location |
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Direction & Address City: AlbuquerqueCommunity: Unity Addition |
Agent Information |
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Listing Agent Listing ID: 1058183 |
Building |
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Building Area Building Area: 3000 Square Feet |
Lot Information |
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Lot Area: 6969.6 sqft |
Offer |
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Listing Terms: Cash, Conventional, FHA, VA Loan |
Compensation |
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Buyer Agency Commission: 2Buyer Agency Commission Type: % |
Notes The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed |
Business |
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Expense Tenant Pays: Other, See Remarks |
Miscellaneous |
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Mls Number: 1058183Living Area Range Units: Square Feet |
Last check for updates: about 1 hour ago
Listing courtesy of Todd D Clarke, (505) 440-8633
NM Apartment Advisors, Inc., (505) 440-8633
Timothy Blake Levrets, (505) 585-1420
EA Property Management, (505) 750-0255
Source: SWMLS, MLS#1058183
Price History for 130 Rhode Island St SE
| Date | Price | Event | Source |
|---|---|---|---|
| 03/04/2024 | $373,105 | PriceChange | SWMLS #1058183 |
| 09/19/2023 | $354,068 | PendingToActive | SWMLS #1006634 |
| 07/11/2023 | $354,068 | Pending | SWMLS #1006634 |
| 07/03/2023 | $354,068 | PriceChange | SWMLS #1006634 |
| 06/23/2023 | $346,509 | PriceChange | SWMLS #1006634 |
| 08/26/2022 | $330,222 | Pending | SWMLS #1006634 |
| 07/30/2022 | $330,222 | PendingToActive | SWMLS #1006634 |
| 07/21/2022 | $330,222 | Pending | SWMLS #1006634 |
| 06/14/2022 | $330,222 | PriceChange | SWMLS #1006634 |
| 04/05/2022 | $305,129 | Pending | SWMLS #1006634 |
| 02/21/2022 | $305,129 | PriceChange | SWMLS #1006634 |
| 01/30/2022 | $299,000 | Pending | SWMLS #1006634 |
| 01/03/2022 | $299,000 | Listed For Sale | SWMLS #1006634 |
| 08/25/2016 | -- | Sold | SWMLS #872460 |
| 04/28/2016 | $139,900 | ListingRemoved | Agent Provided |
| 03/02/2016 | $139,900 | PriceChange | Agent Provided |
| 12/09/2015 | $150,000 | Listed For Sale | Agent Provided |
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Property Taxes and Assessment
| Year | 2022 |
|---|---|
| Tax | $2,019 |
| Assessment | $142,431 |
Home facts updated by county records
Comparable Sales for 130 Rhode Island St SE
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.01 | Multi-Family Home | - | 10/18/23 | 2 | 1 | 3,000 | |
0.39 | Multi-Family Home | - | 07/25/23 | 1 | 1 | 2,581 | |
0.02 | Multi-Family Home | - | 03/20/24 | 8 | 4 | 3,126 | |
0.45 | Multi-Family Home | - | 05/26/23 | 2 | 2 | 2,900 | |
0.03 | Multi-Family Home | - | 03/25/24 | 8 | 4 | 3,126 | |
0.73 | Multi-Family Home | - | 06/16/23 | 2 | 1 | 2,700 | |
0.22 | Multi-Family Home | - | 12/11/23 | 3 | 3 | 1,872 | |
0.17 | Multi-Family Home | - | 11/08/23 | 4 | 2 | 1,584 | |
0.82 | Multi-Family Home | - | 04/12/24 | 2 | 1 | 3,032 | |
0.41 | Multi-Family Home | - | 07/27/23 | 2 | 1 | 7,480 |
Neighborhood Overview
Neighborhood stats provided by third party data sources.
What Locals Say about Trumbull Village
- Teresita B.
- Resident
- 3y ago
"This neighborhood has great access to the city bus route. The main bus everybody takes or needs to take goes right through the area. This bus will take you to where you can choose different bus routes that can take you where you need to go. "
- Teresita B.
- Resident
- 3y ago
"We hardly have events but when we do usually it's from the church or the community center. They do have places in the neighborhood that give out food, sometimes fruits and vegetables but even tho it's rare they are still helping the community by doing things like that. "
- Rnavarrette660
- Resident
- 3y ago
"The abundance of drug paraphernalia and trash all throughout the area. There also arent any dog parks in this area to take animals to run freely which I know any pet owner wouldn't be happy about. "
- Monicaperkins
- Resident
- 3y ago
"They would not like that there is no dog park. People do not clean up after there pets. I don't like that they don't walk there dogs on leashes."
- Generosostella342
- Resident
- 3y ago
"get the homeless out and guns there too many guns shots almost every night once it's clear this then I'll think about going outside"
- Addie N.
- Resident
- 4y ago
"glass and needles all over... no grass... no one picks up their dogs poop... loose dogs... dangerous area...not ideal "
- Kelly L. B.
- Prev. Resident
- 5y ago
"Dogs are common to have an almost needed here ! This area is not Disneyland you need to look out for each other ! "
- Leslie R.
- Resident
- 5y ago
"Its is very diverse. For the most part people look out for each other. It can get a little crazy around here at times, but I havent had any major issues other thsn a vehicle broken into, but thats everywhere."
- Samantha B.
- Resident
- 5y ago
"There are crazies shooting guns and waving axes around in this nieghborhood. I also see a lot of homeless people and drug addicts."
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Todd D Clarke, NM Apartment Advisors, Inc.
Some of the information contained herein has been provided by Southwest Multiple Listing Service, Inc. (SWMLS) This information is from sources deemed reliable but not guaranteed by SWMLS. The information is for consumer’s personal, non-commerical use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
130 Rhode Island St SE, Albuquerque, NM 87108 is a 2 bedroom, 1 bathroom, 3,000 sqft multi-family built in 1980. 130 Rhode Island St SE is located in Trumbull Village, Albuquerque. This property is currently available for sale and was listed by SWMLS on Mar 4, 2024. The MLS # for this home is MLS# 1058183.