ADOBE Tri-Plex in Corrales

Multi-Family for Sale
Sale Pending/Contingent
Catylist Listing ID: 30471298
Property Subtypes: Duplex/Fourplex
Status: Pending/Contingent
Number of Units: 3 Units
Building Size (RSF): 4,012 SF
Gross Building Area: See Agent
Gross Land Area: 43,560 SF
Sale Price: $753,000
Unit Price: $251,000 Per Unit
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 95
Last Updated: 2/25/2020

Overview / Comments

Beautiful Adobe Tri-plex in Corrales! Fantastic rental property with views! This home was built by Albert Utton an prominent and well respected attorney in the State of NM. This home is an approved non-conforming property sitting on 1 full acre off Camino De Lucia. There is a small barn and corral area that was previously used to keep goats. 2 units are currently rented. The 3rd is available vacant for a short period of time to allow for Owner Occupancy if desired.

Additional Details

Nearest MSA: Albuquerque
County: Sandoval
Submarket/Township: Rio Rancho
Taxing Authority: Sandoval County
Tax ID/APN: R128758
Percent Occupied: 100%
Property Located Between: Camino De Lucia and Corrales Rd
Site Description: Flat with views, Septic and Well with separately metered gas and electric.
Area Description: Rio Grande Valley in the Village of Corrales, NM
Total Number of Buildings: 1
Property Condition: Good
Number of Stories: 2
Year Built: 1968
Year Renovated: 2019
Roof Type: Flat
Construction/Siding: Stucco
Parking Type: Surface
Parking Description: Plenty of room for RV, Boat or additional cars.
Laundry: In Each Unit
Heat Type: Natural Gas
Heat Source: Central
Fuel: Gas, Electric
Air Conditioning: Evaporative Cooler
Interior Description: Unit B - 2 Story unit with Hardwood and Saltillo Tile floors. Ceramic Tile in the Bathrooms, Adobe plastered walls. Unit A & Unit C brick floors with ceramic tile. Each unit has a full kitchen and 3/4 bathroom. Each unit has water heater, furnace and evaporative cooler. Unit B has a tankless water heater. Unit C has the laundry located outside in a covered area. Multiple courtyards private to each unit.
Water Service: Well
Sewer Type: Septic
Easements: Utilities
Legal Description: S: 26 T: 12N R: 3E SUBD: LANDS OF UTTON ALBERT E AND MARY LOT: A

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,999 20,313 112,637
Median Age: 51.87 46.54 41.22
Households: 855 8,246 44,237


Photograph of Listing Agent

Kimberly Boucher

Re/Max Alliance, REALTORS CARNM CIE Member
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