Excellent investment opportunity in the heart of Belen, NM. Propery provides 9 units, located just off Main St. The property is fully rented with appealing returns. Current CAP rate of 7.2%. Don't hesitate to move on this one. It won't last long.
Sold on 07/17/23
Price Unknown
1201 S Main St, Belen, NM 87002
2beds
2baths
5,400sqft
Multi Family
Built in 2008
-- sqft lot
$-- Zestimate®
$--/sqft
$1,365 Estimated rent
Home value
Not available
Estimated sales range
Not available
$1,365/mo
Zestimate® history
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Owner options
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What's special
Zillow last checked: 8 hours ago
Listing updated: July 19, 2024 at 10:23am
Listed by:
The Cavnar Group 505-206-0722,
Keller Williams Realty
Bought with:
The Cavnar Group
Keller Williams Realty
Source: SWMLS,MLS#: 1024314
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
Heating
- Central, Forced Air
Cooling
- Central Air, ENERGY STAR Qualified Equipment, Ceiling Fan(s)
Appliances
- Included: Free-Standing Gas Range, Range Hood
Features
- Ceiling Fan(s)
- Flooring: Laminate, Tile
- Has basement: No
Interior area
- Total structure area: 5,400
- Total interior livable area: 5,400 sqft
Property
Features
- Levels: One
- Stories: 1
- Exterior features: Satellite Dish
Lot
- Size: 0.46 Acres
Details
- Parcel number: 1006027507240000000
- Zoning description: C-1
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Frame, Stucco
Condition
- Resale
- New construction: No
- Year built: 2008
Utilities & green energy
- Electric: None
- Utilities for property: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Community & neighborhood
Location
- Region: Belen
Other
Other facts
- Listing terms: Cash,Conventional,Owner May Carry
Price history
| Date | Event | Price |
|---|---|---|
| 7/11/2024 | Listing removed | -- |
Source: Zillow Rentals | ||
| 5/17/2024 | Price change | $1,275-3.8% |
Source: Zillow Rentals | ||
| 5/6/2024 | Listed for rent | $1,325 |
Source: Zillow Rentals | ||
| 7/17/2023 | Sold | -- |
Source:  SWMLS #1024314 | ||
| 6/24/2023 | Pending sale | $750,000$139/sqft |
Source: SWMLS #1024314 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $8,281 +60.3% | $221,447 +65.1% |
| 2023 | $5,165 +7.2% | $134,152 +3% |
| 2022 | $4,817 +7.7% | $130,245 +3% |
Find assessor info on the county website
Neighborhood: 87002
Nearby schools
GreatSchools rating
- 2/10Central Elementary SchoolGrades: 4-6Distance: 1.4 mi
- 7/10Belen Middle SchoolGrades: 7-8Distance: 0.9 mi
- 5/10Belen High SchoolGrades: 9-12Distance: 1.3 mi