4200 Ridgeway Court SE, Rio Rancho, NM 87124
$549,000
Property Type:
Residential Income
Square Footage:
4,340
Lot Size (sq. ft.):
12,632
Status:
Closed
Current Price:
$549,000
List Date:
4/15/2023
Last Modified:
6/01/2023
Description
Ideally located Rio Rancho 4-plex that's walking distance to shopping, medical, and transportation routes. Lots of potential for higher income as RR rentals are scarce and local employers are hiring. 2 3BR ground floor units, and two upper level 2BR units---all of which have 2 bathrooms and all units have washer/dryer. Fireplace in downstairs 3BR units. Tile roof, stucco, and ample parking for tenants and guests.
More Information MLS# 1032686
Status Change Info
Pending Date: 2023-04-17
Closing Date: 2023-05-31
Contract Information
Listing Price: 549000
Current Price: $549,000
List Price/SqFt: 126.5
Status: Closed
Allowance/Concession: No
Bank Owned: No
Location
Street #: 4200
Street Name: Ridgeway
St Suffix: Court
Post Direction: SE
County: Sandoval
City/Town Code: Rio Rancho
State/Province: NM
Zip Code: 87124
Zip +4: 4011
Geo Lat: 35.253627
Geo Lon: -106.652027
Area: 150 - Rio Rancho MiD
Zone Atlas: 55
City/County Data
UPC Code: 1014069085267
Subdivision: Ridgecrest Subdivision
General Property Description
# of Units: 4
5+ Units: No
Units for Sale: 1
Property Sub-Type: Four Plex
Apx Structured SqFt: 4340
SqFt Source: Per Appraisal
Lot Size Source: On-Line
Acres: 0.29
Lot SqFt: 12632.4
Directions: Hwy. 528 (Rio Rancho Blvd.) north past Southern and turn left/west on High Resort Blvd., turn right/north on Ridgeway Drive, then turn left into Ridgeway Ct.., the first unit on your right (no sign).
Stories: 2
Total Stories in Bldg: 2
Total # of Buildings: 1
Year Built: 2005
Age: 16 - 20
# Parking Spaces: 6
Disability Access: Unknown
LBP Disclosure: No
Builder: unknown
Owner Occupant Unit: Yes
Flood Zone: X
Tax & Legal Info
GRT Code: 29-524
Current Taxes: 3578.32
Tax Exemption: Yes
Basement
Basement: No
Income & Expenses
Annual Gross Income: 30276
Operating Expenses: 9847
Sales Info
Trade/Xch Considered: No
# of Unit Types (1)
# of Units: 1
# of Bedrooms: 3
# Baths: 2
Approx. SqFt: 1172
Max Rent: 1200
Market Rent: 1200
# of Unit Types (2)
# of Units: 1
# of Bedrooms: 3
# Baths: 2
Approx. SqFt: 1172
Actual Rent: 1181
Max Rent: 1200
Market Rent: 1200
# of Unit Types (3)
# of Units: 1
# of Bedrooms: 2
# Baths: 2
Approx. SqFt: 997
Actual Rent: 760
Max Rent: 1000
Market Rent: 1000
# of Unit Types (4)
# of Units: 1
# of Bedrooms: 2
# Baths: 2
Approx. SqFt: 997
Actual Rent: 760
Max Rent: 1000
Market Rent: 1000
Unit Summary
Total Units: 4
Average Unit Size: 1084.5
Average Actual Rent: 675.25
Annualized: 32412
Total Actual Rent: 2701
Property Features
Construction: Frame
Exterior Material: Stucco
Build Description: Resale
Amenities: Balconies/Deck; Ceiling Fan(s); Fireplace Some Units; Laundry Equip. Owned
Appliances included: Dishwasher; Disposal; Dryer; Frestnd Gas Stv/Ovn; Microwave; Refrigerator; Washer; Washer H/U
Utilities: Cable Available; Electricity Connected; Natural Gas Connected; Phone Available; Sewer Connected; Underground Utilities
Heating: Central Forced Air
Cooling: Central Air; Refrigerated
Flooring: Carpet; Tile; Vinyl
Electric Provider: Public Utility
Electric: None
Miscellaneous Info: No Sign
Operating Expenses: Accounting and Legal; Miscellaneous; Property Management; Repairs/Maintenance
Owner Pays: Some Utilities
Tenant Pays: Electric; Gas
Parking: 1 Space Per Unit; Paved Lot
Roof: Pitched; Tile
Rental Info: Other - See Remarks
Finance Considered: Cash; Conventional; FHA; VA
Zoning: R-3
Listing Office: EXP Realty LLC
Last Updated: June - 01 - 2023
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