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316 Princeton Drive SE

Albuquerque, NM 87106
  • $1,150,000
  • STATUS: Active
  • ON SITE: 19 Days
  • MLS #: 1081016
UPDATED: 34 min ago
$1,150,000
  • 1
    BEDS
  • 0.16
    ACRES
  • 1
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1977
County:

School Ratings & Info

Description

Great Investment Opportunity in the heart of the University Area! Owner asking less than $96k/Unit!!! This complex offers 12 units located in a single 2 story building with underneath drive-in shaded parking. 6 (1 bedroom floor plans) & 6 (studio floor plans) each with patio space. Each unit has been updated with tile flooring or laminate, mini-split units, newer roof installed in 2022 and covered parking with 18 spaces. All current rents are below market rents and present an investor with tremendous upside potential. An excellent Value Add property in a coveted investor's location! INDIVIDUAL UNITS NOT FOR SALE.

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IDX information © 2025 The Southwest Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by The Southwest Multiple Listing Service or Sandi Pressley Team | Coldwell Banker Legacy. Data last updated: 2025-04-18T00:05:33.833.
www.sandisells.com/homes/162035029
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316 Princeton Drive SE Albuquerque, NM 87106

  • Price: $1,150,000
  • Status: Active
  • On Site: 19 Days
  • Updated: 34 min ago
  • MLS #: 1081016
1
Beds
1
Baths
0
½ Baths
0.16
Acres
1977
Built
Neighborhood:
42 - UNM South
County:
Bernalillo
Area:
42 - UNM South
Property Description
Great Investment Opportunity in the heart of the University Area! Owner asking less than $96k/Unit!!! This complex offers 12 units located in a single 2 story building with underneath drive-in shaded parking. 6 (1 bedroom floor plans) & 6 (studio floor plans) each with patio space. Each unit has been updated with tile flooring or laminate, mini-split units, newer roof installed in 2022 and covered parking with 18 spaces. All current rents are below market rents and present an investor with tremendous upside potential. An excellent Value Add property in a coveted investor's location! INDIVIDUAL UNITS NOT FOR SALE.
Exterior Features

Construction Materials Board & Batten Siding Frame Exterior Features Lighting Levels Three Or More Stories Total 2

Interior Features

Appliances Free- Standing Electric Range Refrigerator Basement YN No Cooling Ductless Refrigerated Cooling YN Yes Flooring Laminate Tile Vinyl Heating Ductless Heating YN Yes

Property Features

Additional Parcels YN Yes Builder Name unknown Community Features Deck / Porch Green Energy Generation None Gross Income 98597 Listing Agreement Exclusive Right To Sell Listing Terms Cash Conventional Other See Remarks New Construction YN No Operating Expense 19570 Property Condition Resale Property Sub Type Multi Family Tax Annual Amount 2982.22 Tenant Pays Electricity Gas Other See Remarks Utilities Cable Connected Electricity Connected Natural Gas Connected Sewer Connected Water Connected Zoning Description MX- L*

Southwest MLS] logo Listing courtesy of The M Real Estate Group: (505) 247-1002. © 2025 Southwest Multiple Listing Service, Inc.


IDX information © 2025 The Southwest Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by The Southwest Multiple Listing Service or Sandi Pressley Team | Coldwell Banker Legacy. Data last updated: 2025-04-18T00:05:33.833.
 
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Sandi Pressley Team | Coldwell Banker Legacy
10400 Academy Rd NE Suite 100
Alburquerque NM, 87111