SOLDAPR 12, 2024
401 Georgia St SE
Albuquerque, NM 87108
South San Pedro
2 Beds
1 Bath
3,032 sqft
- 2 Beds
- 1 Bath
- 3,032 sqft
2 Beds
1 Bath
3,032 sqft
Homes for Sale Near 401 Georgia St SE
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Local Information
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Description
This property is no longer available to rent or to buy. This description is from April 12, 2024
Seller is willing to offer financing for an owner occupant (who must move into the property) with a 5% down payment 30 year amortization, 5.75% interest rate, 7 year balloon, subject to approval of the buyers credit report, financial statement and tax returns.This fourplex contains two bedroom one bathroom units that are renting at $1,200. There are washer dryer hook-ups in each unit and the units are renovated.At the current average rents of $1,200, and an ask price of $486,614 the measures of investment performance include a price per unit of $121,654, price per square foot of $160.49, a GRM of 8.45, an after reserves cap rate of 6.65%.If rents are raised to the market average of $1,325, the measures of investment performance improve to a before reserves cap rare of 6.95%.
Home Highlights
Parking
6 Parking Spaces
Outdoor
No Info
A/C
Heating & Cooling
HOA
None
Price/Sqft
$160/sqft
Listed
124 days ago
Home Details for 401 Georgia St SE
Interior Features |
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Beds & Baths Number of Bedrooms: 2Number of Bathrooms: 1 |
Dimensions and Layout Living Area: 3032 Square Feet |
Appliances & Utilities Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water ConnectedAppliances: Dishwasher, RefrigeratorDishwasherRefrigerator |
Heating & Cooling Heating: Central,Forced AirHas CoolingAir Conditioning: Evaporative CoolingHas HeatingHeating Fuel: Central |
Gas & Electric Electric: None |
Windows, Doors, Floors & Walls Flooring: Carpet, Tile |
Levels, Entrance, & Accessibility Stories: 2Number of Stories: 2Levels: TwoFloors: Carpet, Tile |
Exterior Features |
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Parking & Garage Parking Spaces: 6 |
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: 101805641752312811 |
Price & Status |
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Price List Price: $486,614Price Per Sqft: $160/sqft |
Status Change & Dates Off Market Date: Fri Apr 12 2024 |
Active Status |
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MLS Status: Closed |
Location |
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Direction & Address City: AlbuquerqueCommunity: Mesa Park |
Building |
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Building Area Building Area: 3032 Square Feet |
Lot Information |
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Lot Area: 6969.6 sqft |
Offer |
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Listing Terms: Cash, Owner May Carry, Other, See Remarks, VA Loan |
Compensation |
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Buyer Agency Commission: 3Buyer 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: None |
Miscellaneous |
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Mls Number: 1054702Living Area Range Units: Square Feet |
Last check for updates: about 11 hours ago
Listed by Todd D Clarke, (505) 440-8633
NM Apartment Advisors, Inc.
Bought with: Michael Schlichte, (505) 318-6264, Absolute Real Estate
Source: SWMLS, MLS#1054702
Price History for 401 Georgia St SE
| Date | Price | Event | Source |
|---|---|---|---|
| 04/12/2024 | -- | Sold | SWMLS #1054702 |
| 03/19/2024 | $486,614 | Pending | SWMLS #1054702 |
| 03/08/2024 | $486,614 | PendingToActive | SWMLS #1054702 |
| 01/19/2024 | $486,614 | Pending | SWMLS #1054702 |
| 12/27/2023 | $486,614 | Listed For Sale | SWMLS #1054702 |
| 09/17/2022 | -- | Sold | SWMLS #1018600 |
| 07/30/2022 | $322,000 | Pending | SWMLS #1018600 |
| 07/09/2022 | $322,000 | Listed For Sale | SWMLS #1018600 |
| 09/01/2005 | -- | Sold | N/A |
Property Taxes and Assessment
| Year | 2022 |
|---|---|
| Tax | $2,128 |
| Assessment | $150,120 |
Home facts updated by county records
Comparable Sales for 401 Georgia St SE
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.19 | Multi-Family Home | - | 03/15/24 | 4 | 2 | 1,839 | |
0.22 | Multi-Family Home | - | 02/27/24 | 4 | 2 | 2,000 | |
0.41 | Multi-Family Home | - | 08/24/23 | 3 | 2 | 2,373 | |
0.82 | Multi-Family Home | - | 10/18/23 | 2 | 1 | 3,000 | |
0.83 | Multi-Family Home | - | 06/06/23 | 2 | 1 | 2,940 | |
0.63 | Multi-Family Home | - | 02/16/24 | 2 | 1 | 1,550 | |
0.63 | Multi-Family Home | - | 08/18/23 | 3 | 2 | 3,040 | |
0.63 | Multi-Family Home | - | 08/18/23 | 3 | 2 | 3,040 | |
0.53 | Multi-Family Home | - | 11/20/23 | 2 | 2 | 1,225 |
Assigned Schools
These are the assigned schools for 401 Georgia St SE.
- Emerson Elementary School
- PK-5
- Public
- 400 Students
2/10GreatSchools RatingParent Rating AverageThis school is great. It struggles with children of poverty, homelessness and many kinds of abuse but also loving parents. Emerson is a strong school that struggles academically due to above mentioned issues yet teachers are dedicated and resilient as are the kids.Teacher Review3y ago - Highland High School
- 9-12
- Public
- 1147 Students
3/10GreatSchools RatingParent Rating AverageFor the 2014-15 term, Highland got a new principal. He is incredibly driven and strives to make connections with students, supporting them however possible. His enthusiasm is contagious, and he makes it clear he truly cares about students. While there are surely some teachers who are lacking that same enthusiasm, there are some stellar teachers who work endlessly to educate their students. Highland presents a welcoming environment, filled with diversity. I was hesitant to start attending the school last year, having heard about a negative reputation. I was pleasantly surprised. As a sophomore moving into my second semester, I am faced with nothing but future opportunities, encouragement, and guidance as I move forward. Thank you, Highland, for letting me grow as a person.Student Review9y ago - Van Buren Middle School
- 6-8
- Public
- 531 Students
4/10GreatSchools RatingParent Rating AverageMy child enjoys this school much more than Sandia Base. He loves that he got to pick some of his own classes and gets to learn guitar. He has witnessed fights already that left children bloody. He has also been bullied already but the principal took care of it as soon as it was brought to his attention. So far this year the school had to be locked down only a couple months into the school year because someone had a gun outside the school. Glad to be leaving this state soon.Parent Review6mo ago - Coronado Elementary School
- K-5
- Public
- 292 Students
6/10GreatSchools RatingParent Rating AverageThe overall vibe at Coronado is a positive one! The administration and teachers all work together for the good of the students and you can tell they are happy to be there! The lessons are engaging and the students seem to be happy to be learning.Parent Review2y ago - Nex Gen Academy
- 9-12
- Public
- 267 Students
6/10GreatSchools RatingParent Rating AverageI like how much trust and freedom the teachers give the students.Parent Review1y ago - Ecademy Virtual High School
- K-12
- Public
- 2826 Students
2/10GreatSchools RatingParent Rating Average
No reviews available for this school. 
Check out schools near 401 Georgia St SE.
Check with the applicable school district prior to making a decision based on these schools. Learn more.
Neighborhood Overview
Neighborhood stats provided by third party data sources.
What Locals Say about South San Pedro
- Trulia User
- Resident
- 6mo ago
"The stores here are all closing. Business is bad in this area. The homelessness in this area is at a all time high. "
- Trulia User
- Resident
- 7mo ago
"I've been living here for 12 years and I had very minimal problems not too bad unless you cross on the other side of Catherine"
- Trulia User
- Resident
- 7mo ago
"easy to get around easy access to public transportation you can walk to any of the locations it's pretty close in the middle of everything"
- Trulia User
- Prev. Resident
- 7mo ago
"I used to live in this area, it was great.. I have children añd I felt it was safe for them to play and be children."
- Trulia User
- Resident
- 9mo ago
"there are not many kids around but there is a park. there are several schools located nearby. it is easy to access public transportation. "
- Trulia User
- Resident
- 2y ago
"family friendly community nice parks the areas are very clean people pick up after their pet dropping"
- Rhonda L.
- Prev. Resident
- 3y ago
"I do have a dog .he lets me know when people are around its just me and him .I feel very safe when has around me.He doesn't go to other people he stays with me"
- Sanders.bosslady87
- Visitor
- 3y ago
"to many homeless people and drugs around the house and not safe for pets or people who live in the same area"
- Louisa E.
- Resident
- 4y ago
"Everything is walking distance if you don’t have a vehicle. During the day it’s nice at night it can get a lil scary "
- Niteranger359
- Resident
- 5y ago
"there's a lot of speeding cars in the neighborhood. you won't see many kids playing in the front yards."
- Robert R.
- Resident
- 5y ago
"There is a colorful mix of people, all ages and nationalities. Great local pizza shop and excellent Asian inspired restaurants."
- Xeturah W.
- 9y ago
"I have lived in the South San Pedro neighborhood for over 7 years. I love the central location, the friendly neighbors and easy access to UNM/CNM. There are great locally-owned restaurants and shops. I always support local businesses. Overall, it is a great place to live and work!"
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
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.
Homes for Rent Near 401 Georgia St SE
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Off Market Homes Near 401 Georgia St SE
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401 Georgia St SE, Albuquerque, NM 87108 is a 2 bedroom, 1 bathroom, 3,032 sqft multi-family built in 1980. 401 Georgia St SE is located in South San Pedro, Albuquerque. This property is not currently available for sale. 401 Georgia St SE was last sold on Apr 12, 2024 for $486,614 (0% higher than the asking price of $486,614). The current Trulia Estimate for 401 Georgia St SE is $486,900.