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Sold

223 Cornell Drive SE

223 Cornell Drive SE, Albuquerque, NM 87106

Located just 2 blocks to UNMs main campus with quick and immediate access to an ART Stop and all that downtown and Nob Hill have to offer. 82 Walk Score. 98(!) Bike Score and a transit score of 50, 223 Cornell SE is in the epi-center of the UNM/CNM campuses.The property consists of a 98 year old house and a 23 year old duplex. The house is large with 1,432 square feet, in a 3 bedroom, 1 bathroom configuration, and that does not include the basement area. At the listing brokers request, the owner is holding the main house vacant for potential owner occupancy or a fully furnished conversion for traveling nurses.Measures of investment performance at ask price of $464,392 and current average rent of $1,133 are a GRM of 11.38, a 5.45% cap rate, $154,797 per unit, $176.51/sf.

3
beds

1
bath

2,631 Sq.Ft. LIVING AREA

6,969.6 Sq.Ft. lot

Joshua Christensen

Joshua Christensen

Features & Amenities

Interior

  • total bedrooms3
  • Total bathroom1
  • Flooring Wood
  • APPLIANCES Refrigerator

Area & Lot

  • Status Sold
  • Living Area2,631 Sq.Ft.
  • Total Area2,631 Sq.Ft.
  • Lot Area6,969.6 Sq.Ft.
  • MLS® ID1039345
  • TypeMulti-Family
  • YEAR BUILT2000

Exterior

  • STORIES1
  • utilitiesElectricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • HEAT TYPECentral, Forced Air
  • AIR CONDITIONINGEvaporative Cooling
  • Disability FeaturesNone
  • Green featuresNone
  • other exterior FeaturesLandscaping

Financial

  • Price Upon Request
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Realty One of New Mexico

Founded in New Mexico, R1 is more than a real estate brokerage; we're a cornerstone of community growth and stability. With 16+ years in business and over $16 billion in sales, we've become the largest and most productive brokerage, a testament to our commitment of excellence and authenticity.

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Contact Details

R1 REAL ESTATE PROS

Phone

(505) 883-9400

Email

[email protected]

Address

9674-3 EAGLE RANCH ROAD ALBUQUERQUE NM 87114

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