Well-maintained 4-plex in quiet neighborhood near shopping, transportation, schools, medical/dental, theater and restaurants. All units remodeled in last year, newer stoves and refrigerators and roof overlay 1 year ago. No Polybutylene, all units replaced with PEX from water meter. Each apartment has 4' x 8' storage unit, covered parking for 1 vehicle and additional parking for 2+ vehicles. Property is in an easy-to-rent area of Rio Rancho and all units are currently leased with excellent payment history. Current actual rent is $40,800 annually, cap rate of 6.97% at asking price.
Sold on 03/29/24
Price Unknown
312 Geraldine Rd SE, Rio Rancho, NM 87124
8beds
4baths
3,308sqft
Quadruplex, Multi Family
Built in 1983
-- sqft lot
$552,500 Zestimate®
$--/sqft
$2,053 Estimated rent
Home value
$552,500
$519,000 - $591,000
$2,053/mo
Zestimate® history
Loading...
Owner options
Explore your selling options
What's special
Zillow last checked: 8 hours ago
Listing updated: April 01, 2024 at 04:52pm
Listed by:
Robert A Dennis 505-615-2887,
Realty One Group Concierge
Bought with:
Lidia Temple, 40415
Re/Max Exclusive
Source: SWMLS,MLS#: 1055329
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Heating
- Central, Forced Air
Cooling
- Central Air, Evaporative Cooling
Appliances
- Included: Dishwasher, Free-Standing Gas Range, Disposal, Refrigerator, Range Hood
- Laundry: Washer Hookup, Dryer Hookup, ElectricDryer Hookup, In Unit
Features
- Flooring: Carpet, Laminate, Tile
- Has basement: No
Interior area
- Total structure area: 3,308
- Total interior livable area: 3,308 sqft
Property
Parking
- Total spaces: 8
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
- Patio & porch: Patio
- Exterior features: Patio
Lot
- Size: 0.27 Acres
Details
- Parcel number: 101106928617133536
- Zoning description: R-2
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex, Multi Family
Materials
- Frame, Stucco
Condition
- Resale
- New construction: No
- Year built: 1983
Utilities & green energy
- Utilities for property: Natural Gas Connected, Sewer Connected, Underground Utilities, Water Connected
Green energy
- Energy generation: None
Community & neighborhood
Community
- Community features: Patio, Storage Facilities
Location
- Region: Rio Rancho
- Subdivision: Star Heights
Other
Other facts
- Listing terms: Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 3/29/2024 | Sold | -- |
Source:  SWMLS #1055329 | ||
| 1/20/2024 | Pending sale | $585,000$177/sqft |
Source: SWMLS #1055329 | ||
| 1/19/2024 | Listed for sale | $585,000$177/sqft |
Source: SWMLS #1055329 | ||
| 1/15/2024 | Pending sale | $585,000$177/sqft |
Source: SWMLS #1055329 | ||
| 1/11/2024 | Listed for sale | $585,000$177/sqft |
Source: SWMLS #1055329 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,019 +119.7% | $172,481 +126.9% |
| 2024 | $2,739 -0.4% | $76,009 |
| 2023 | $2,749 +1.9% | $76,009 +3% |
Find assessor info on the county website
Neighborhood: Solar Village/Mid-Unser
Nearby schools
GreatSchools rating
- 7/10Maggie Cordova Elementary SchoolGrades: K-5Distance: 1.2 mi
- 5/10Lincoln Middle SchoolGrades: 6-8Distance: 0.9 mi
- 7/10Rio Rancho High SchoolGrades: 9-12Distance: 2 mi
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$552,500
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$552,500