About 403 San Felipe Street Nw
This investment opportunity, located in Historic Old Town, is a three-unit mixed-use income property with a target IRR of 20.49% and capitalization rate of 5.71% at full optimization. The current owner has made significant repairs, including installing a new roof, fixing the plumbing, sewer, and electrical systems, adding a concrete slab foundation in one unit, repairing framing, sheetrock, and flooring, and installing new air conditioning systems. The property also offers off-street parking for up to 9 vehicles and a detached garage that can be used for parking or commercial purposes. The primary building is a charming adobe home with two bedrooms and two living areas that can also be used as retail or office space. Also included is a duplex building with a studio and 1 bedroom apartment.
Features of 403 San Felipe Street Nw
| MLS® # | 1028365 |
|---|---|
| Price | $750,000 |
| Bedrooms | 2 |
| Bathrooms | 2.00 |
| Square Footage | 2,227 |
| Acres | 0.24 |
| Year Built | 1946 |
| Type | Residential Income |
| Status | Active |
| Is Green | No |
| Guest House | No |
Community Information
| Address | 403 San Felipe Street Nw |
|---|---|
| Area | 80 - Downtown Area |
| City | Albuquerque |
| County | Bernalillo |
| State | NM |
| Zip Code | 87104 |
Amenities
| Utilities | Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior | Tile, Vinyl, Wood |
|---|---|
| Appliances | Free-Standing Gas Range, Refrigerator |
| Heating | Ductless, Floor Furnace, Wall Furnace |
| Cooling | Evaporative Cooling, Refrigerated, Ductless |
| Fireplace | No |
| # of Stories | 1 |
| Stories | One |
Exterior
| Construction | Frame, Adobe |
|---|---|
| Builder | Unknown |
Additional Information
| Date Listed | January 19th, 2023 |
|---|---|
| Days on Market | 41 |
| RE / Bank Owned | No |
Listing Details
| Office | Keller Williams Realty |
|---|