Don't miss out on this turn-key investment opportunity to own a residential income property convenient located in the heart of downtown

Within a short distance of Tingley Beach, BioPark, Old Town and Nob Hill with a wide array of fantastic restaurant options, shopping, groceries and entertainment. This property features five charmng bright units (2-1 Bedrooms) that have been renovated throughout the years with premium flooring, neutral color palette throughout, providing a comfortable and invi ting living space for tenants.

Beautiful low maintenance landscaping complimented by well-maintain common area gardens, creating a lush and private community atmosphere. Plenty of street parking and a large back and side yards for tenants to use. This property also offers a free common laundry.

Request Information
on 503 7th St SW
in Albuquerque, NM
Presented by Isaac Romero at
EXP Commercial, LLC.


Property MLS #1044359 from SouthwestMLS

+ Reveal additional info including schools and tax history

+ Toggle All

+ Bedrooms

Bedrooms: 3

+ Bathrooms

Total Bathrooms: 2
Full Bathrooms: 2

+ Appliances

Refrigerator

+ Heating and Cooling

Cooling Features: CentralAir, Ductless
Heating Features: Central, Ductless, ForcedAir, WallFurnace
Heating: Yes

+ Interior Features

Flooring: Laminate

+ Exterior and Lot Features

Landscaping

+ Land Info

Lot Dimensions Source: PublicRecords
Lot Size Acres: 0.1449954
Lot Size Source: PublicRecords
Lot Size Square Feet: 6316

+ Homeowners Association

Association: No
Calculated Total Monthly Association Fees: 0

+ Multi-Unit Info

Number of Buildings: 2
Number of Units: 5
Bedrooms in Unit-1: 1
Bedrooms in Unit-2: 2
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1

+ Rental Info

Gross Income: 100620

+ Amenities and Community Features

Community Features: LaundryFacilities

+ Other Property Info

Annual Tax Amount: 8816.040000000
Source Listing Status: Pending
County: Bernalillo
Directions: Head west on Lead Ave from I-25. Turn left on 8th street and an immediate next left on Coal Ave. The property is on the right.
Source Property Type: ResidentialIncome
Parcel Number: 101405703229520109
Postal City: Albuquerque
Postal Code Plus 4: 3809
Zoning Description: R-MH
Property Subtype: MultiFamily
Source System Name: C2C
+ Reveal Tax History

Year	Assessments Building + Land Total	Tax
2022	$174,483 + $6,166 $180,649	$9,810
2021	$30,524 + $5,757 $36,281	$1,625
2020	$30,524 + $5,757 $36,281	$1,644
2019	$35,385 + $6,673 $42,058	$1,643
2018	$35,385 + $6,673 $42,058	$1,909
2017	$35,385 + $6,673 $42,058	$1,896
2016	$34,354 + $6,479 $40,833	$1,830
2015	$33,354 + $6,290 $39,644	$1,770
2014	$32,382 + $6,107 $38,489	$1,538
2013	$94,328 + $17,790 $112,118	$667
2012	$94,328 + $17,790 $112,118	$639
2010	$94,328 + $17,790 $112,118	$3,124
2008	$91,581 + $17,272 $108,853	$1,505
2008	$195,600 + $18,500 $214,100	$1,505
2007	$88,914 + $16,769 $105,683	$1,459
2006	$86,325 + $16,281 $102,606	$1,366

+ Reveal Property Sale History

Price Changed 2024-02-17
$899,000
SouthwestMLS

---

Listed 2023-11-06
$920,159
SouthwestMLS

---

Sold 2022-04-29
$0
Public Record

---

Sold 2021-06-17
$0
Public Record

+ Commercial Info

Operating Expense: 31178

+ Building and Construction

Total Square Feet Living: 3729
Year Built: 1926
Building Area Source: ListingAgent
Building Area Total: 3729
Construction Materials: Frame, Stucco
Levels: One
Living Area Source: ListingAgent
Property Age: 98
Property Condition: Resale
Levels or Stories: 1

+ Utilities

CableAvailable
ElectricityConnected
NaturalGasConnected
PhoneAvailable
SewerConnected
WaterConnected

+ Display Complete School Details

Dolores Gonzales Elementary School is a public elementary school located approximately 0.3 miles away.
Map directions

Washington Middle School is a public middle school located approximately 0.5 miles away.
Map directions

Albuquerque High School is a public high school located approximately 1.6 miles away.
Map directions

St Mary's School is a private elementary and middle school located approximately 0.4 miles away.
Map directions