NM > Albuquerque
Albuquerque, NM 87106,2702 Morrow RD NE
Albuquerque, NM 87106,2702 Morrow RD NE
Albuquerque, NM 87106,2702 Morrow RD NE
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Listed by Talia Freedman and Co.
$1,000,000
Est. payment /mo
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6 Beds
7 Baths
2,837 SqFt
Price Dropped by $200K

2702 Morrow RD NE Albuquerque, NM 87106

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Brad Leigh Patton

Brad Leigh Patton

+1(505) 917-5133

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Square Footage 2,837 sqft

Price per Sqft $352

MLS Listing ID 1088936

Bedrooms 6

Full Baths 1

Three Quarter Bath 6

Construction Status Resale

HOA Y/N No

Year Built 1952

Annual Tax Amount $5,245

Lot Size 10,018 Sqft

Acres 0.23

Lot Dimensions Public Records

Property Sub-Type Detached

Property Description

''House of Modern,'' is a beautifully designed home that can be used as a single family house, but also comes with an incredible business opportunity. $178k in gross income, over $122k net and an unheard of 11.25% cap rate. Live in the front with a truly custom kitchen, formal dining (easily transformed into a bedroom with a retractable wooden wall), and a primary bedroom suite. The property currently features 5 highly profitable furnished Short Term Rentals (STRs). The spa-like suites boast dedicated parking, private entrances, outdoor spaces, and an attention to decor and features resulting in many repeat clients. Create a 6th suite out of the primary - and to use the entire property for investment - easily use the front living space as a one bedroom suite for a total of seven space

Location

State NM

County Bernalillo

Area 40 - Unm

Rooms

Other Rooms Shed(s), Storage

Interior

Interior Features Breakfast Bar, Separate/ Formal Dining Room, High Speed Internet, Main Level Primary, Multiple Primary Suites, Pantry, Shower Only, Separate Shower

Heating Ductless, Multiple Heating Units

Cooling Ductless, Refrigerated

Flooring Carpet Free, Tile, Wood

Fireplaces Number 1

Fireplaces Type Custom, Wood Burning

Fireplace Yes

Laundry Electric Dryer Hookup

Exterior

Exterior Feature Courtyard, Fire Pit, Patio, Privacy Wall, Private Entrance

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Water Access Desc Public

Roof Type Metal, Pitched

Porch Covered, Open, Patio

Private Pool No

Building

Faces North

Story 1

Entry Level One

Foundation Combination

Sewer Public Sewer

Water Public

Level or Stories One

Additional Building Shed(s), Storage

New Construction No

Construction Status Resale

Schools

Elementary Schools Montezuma

Middle Schools Jefferson

High Schools Albuquerque

Others

Tax ID 101605918501530801

Acceptable Financing Cash, Conventional, FHA, VA Loan

Green/Energy Cert None

Listing Terms Cash, Conventional, FHA, VA Loan

Special Listing Condition Standard

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Brad Leigh Patton

Brad Leigh Patton

Broker Associate | License ID: 52414

+1(505) 917-5133

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2702 Morrow RD NE