Courtesy: Rose Hansen Realty
505-294-0429
Exceptional four-plex in the desirable Northeast Heights! Each unit boasts its own private courtyard and convenient washer/dryer hookups. Enjoy stunning views from each residence. Located close to shopping centers, freeway access, and an array of restaurants, this property offers both convenience and charm. Whether you're looking to invest or find a new place to call home, this four-plex is a must-see opportunity in a prime location. Don't miss out on this rare find!
Courtesy: The M Real Estate Group
505-720-6929
This triplex in Albuquerque's South Valley offers three units, ideal for investors or owner-occupiers looking for rental income and willing to add some TLC.**Unit 1:**- 2 bedrooms, 1 bathroom**Unit 2:**- 1 bedroom, 1 bathroom**Unit 3:**- 2 bedrooms, 1 bathroom**Features:**- Shared parking area- Close to schools, parks, Old town, and downtown. This property offers a fantastic investment opportunity in a vibrant community, with local markets and nearby Bosque trails. Easy access to major highways ensures a quick commute to downtown Albuquerque. With some updates and a little TLC, this triplex can reach its full potential!
Courtesy: Realty One of New Mexico
505-328-8848
Cashflowing, stabilized triplex with updates! New roof in 2024, updated electrical servcies and remodeled Apt 3 in 2022, Furnaces replaced in last 6 years, and 2 new water heaters in 2020. Rents are improvable, and 3 attached garages with high density zoning offers a potential value-add opportunity.
Courtesy: NM Apartment Advisors, Inc.
505-440-8633
South Valley investment with two houses on one lot. Located at 1322 and 1322 1/2 Fairhaven and just a few minutes drive to Old Town and Downtown, this well located property is also just steps from North America's largest bosque forest along the Rio Grande River.The property offers two spacious three bedroom homes that are currently on month to month leases.The unit mix includes: Unit 1322 is a 1,136 square foot 3 bedroom / 1 bath unit Unit 1322 1/2 is a 923 square foot 3 bedroom / 1 bath unitBesides the spacious units, the main amenity for this property is the quiet and serene location just west of the Rio Grande River trails.Measures of investment performance at ask price of $216,063 and average rents, as of $975 are a GRM of 9.23, a 5.50% cap rate, $108,031 pe
Courtesy: Keller Williams Realty
505-362-6823
What a gem of duplex! Situated right across the street from Roosevelt Park, this two bedroom/one bath and one bedroom/one bath is minutes from the University of New Mexico, UNMH, Presbyterian Hospital, Lovelace Hospital and Downtown Albuquerque. Lovingly maintained by the owner the units boast luxury vinyl tile floors, newer mini split systems, new windows in 2021, new water heaters and updated electrical. Fresh paint, new stucco and newly painted trim. Clean and bright. A one car detached shared garage and a sweet, oversized shared patio in the back. With the layout and size of the lot, alley access this would be a great candidate for an additional ADU. Buyer asked to do their own research to the feasibility of an additional unit.
Courtesy: Maddox & Co/REALTORS
505-270-5798
Income producing compound w/ saltwater pool located in the coveted Sawmill District just a few blocks away from the Sawmill Market, museums, Tiguex Park and Old Town. Two separate homes on an oversized lot are nestled behind a stucco and latilla wall. The front home has been a successful short term furnished rental at elevated rents and has many tasteful updates including granite counters in kitchen and saltillo floors. The back home has loads of New Mexican charm featuring 2 kiva fireplaces, brick floors throughout, vigas and nichos. The kitchen was completely remodeled in 2022 with custom cabinets, solid surface counter, SS appliances and wine fridge! Primary suite has high ceilings, skylight and sitting room. TPO roofs installed in 21/22. Property offers an idyllic Sawmill lifestyle
Courtesy: EXP Realty LLC
505-463-4377
Great Income producing property ready to be rented! Both units vacant so you can live in one rent the other or rent both out for max rent and max value. Updated flooring, fgresh paint, new fixtures. Lots of room for a big back yard on units and plenty of parking. This south valley gem is surrounded by big trees and back up to a vineyard. Come view this property today!
Courtesy: 360 Ventures Real Estate
505-750-3360
Single story 4 Plex in the NE Heights- brick pitched roof with a great owner's unit. Fully rented. Owner's unit has backyard and washer and dryer hookups. Tons of potential! Seller would consider REC / Owner financing with the following terms: 20% down, 7% amort over 30 yrs, w/ 5 yr call.
Courtesy: Coldwell Banker Legacy
505-263-2173
Welcome to this beautifully restored cottage nestled in the vibrant Wells Park neighborhood. GREAT rental potential with 2-Bedroom turnkey cottage PLUS a 1-bedroom casita with kitchen & living area. Step inside the main house to an interior full of light highlighting fabulous wood floors that run throughout the home. Go downstairs to an expansive basement with excellent storage. Recent renovations include updated electrical, fresh new paint, stucco work. Step outside to discover a beautifully landscaped oasis perfect for entertaining & relaxation. This well-contained area features both a gazebo & covered patio. For those with pets, there is a convenient dog run, & fully-fenced & gated yard provides security & privacy. Off-street parking plus ample backyard access.
Courtesy: Helix Real Estate Group
505-401-5424
6% REC or cash only!!! Nob Hill Value Add Opportunity! 5 unit multi family. Currently has three units that have been completely remodeled including: bathrooms, plumbing, refrigerated air, full kitchens, carpet, washer/dryer hookups etc. and need nothing. (1) one bed room and two (2) two bedrooms. All finished units are occupied and have leases in place. Units 4 and 5 are fully gutted and ready for your contractor to finish. SOLD ''as is'' Please do not disturb tenants. Management company will transfer all leases to new buyer. REC wrap welcome with 150K down, 6% APR, 7 year ballon!
Courtesy: EXP Realty LLC
505-507-2777
Excellent rental opportunity near UNM! 3/2 house PLUS furnished CASITA - live in one, rent out the other, or rent out both as short/mid or long term rentals. Seller has done all the expensive upgrades: separate electric meters with 200 amp service (each), mini-splits throughout (refrigerated air!), redone stucco, gorgeous refinished hardwood flooring, some new wiring, partial new plumbing, Each unit has it's own outdoor space plus 3 parking spaces in the driveway and 3 more off the alley. Vintage charm! Extra storage in the shed and basement. Casita furniture available for separate purchase for fast rental income. Take advantage of this unique opportunity and make your showing appointment now!
Courtesy: Full House Real Estate,LLC
505-440-9487
Professionally managed income producing 4 plex. All units feature 2 bedrooms/1 bathroom. 3 units were updated before current owner purchased the property. Updates to Unit A & D include vinyl wood flooring, bedroom carpet, and matching appliances. Unit B is carpet throughout, vinyl wood flooring in bathroom and kitchen. Unit C has not been updated. All occupied units are established tenants. Unit D is vacant. Each unit has its own RING doorbell and 1 camera on the building. The current tenants have access to their RING. 6 total parking spaces (current tenants have an assigned parking spot). Tenants have access to a large shared fenced in backyard.
Courtesy: NM Apartment Advisors, Inc.
505-440-8633
On behalf of the owner, NM Apartment Advisors and Deacon Property Services are thrilled to bring to market this mid-century modern gem of a 10 unit apartment complex. Excellent Ridgecrest location: pride of ownership block right off Ridgecrest Ave. and Kathryn Ave. Close to UNM, CNM, Kirtland Air Force Base, the Sunport, and Nob Hill. This property is positioned to reap the benefits of one Albuquerque's largest and most concentrated revitalizations and in
Courtesy: Coldwell Banker Legacy
505-209-1246
8 unit multifamily investment for sale! REC available! This complex is split into (2) 4 plexes so they can be purchased on residential loans. 8 identical floorplans of approx 840 sq ft each with a shared yard. Professionally managed. Each unit is equipped with washer/dryer hookups. Each unit is individually metered for gas and electricity and the tenants pay their respective bills. Fully occupied. Well kept maintenance records and rent roll in documents. Rents below market and room to grow!Seller is also selling 409-413 Indiana
Courtesy: NM Apartment Advisors, Inc.
505-440-8633
Property being sold using BID Process.Tour date is 7/30 at noon, buyer must be registered. Extreme value add 9 unit property with rents that are 32% below market. Located on 2 lots at 516 & 520 Palomas SE, this 5plex+4plex is being offered as a package using the BID process with one date/time for tours (noon on July 9th, 2024) and a fixed deadline for offers (noon on July 11th, 2024).At the current average rents of $537, and an ask price of $555,227 the measures of investment performance include a price per unit of $61,692, price per square foot of $112.92, a GRM of 9.58, an after reserves cap rate of 6.25%, and an after-tax IRR of 16.20%. If rents are raised to the market average of $762, the measures of investment performance improve to a cap rate of 10.66%.
Courtesy: Keller Williams Realty
505-220-7781
Great investment opportunity! Seller prefers to close with Albert Martinez @ Fidelity National Title.
Courtesy: NM Apartment Advisors, Inc.
505-440-8633
Recent property upgrades include a newer roof, thermal windows, updated electrical service, zoned mini-split heating and cooling in all units, and upgraded, quality contemporary finishes across all four apartments. Each apartment features a very distinct floor plan with unique artistic touches and amenities throughout. You'll also find awesome value-add opportunities by capitalizing on creating more common and private yard spaces or adding additional apartments.Large lot offers tons of great off-street parking and access options (off both the alley and Lead Ave) and lots of potential for additional units. Detached garage is separately metered for electric and could be converted into another unit or generate more income renting to a resident (owners currently retain the garage
Courtesy: HomeSmart Realty Pros
505-908-1364
Well maintained and fully rented! Three 2BR/1BA units approx 837 SF each with off-street parking. Grassy courtyard with large shade tree and Gazebo shared with 316 RI. Recently painted exterior, new flooring in some units, new paint in some units, new evaporative coolers in some units. 316 Rhode Island also for sale by same owner. See SWMLS listing #1065335
Courtesy: HomeSmart Realty Pros
505-908-1364
Well maintained and fully rented! Three 2BR/1BA units with off-street parking. Grassy courtyard with large shade tree and Gazebo shared with 320 RI. Recently painted exterior, new flooring in some units, new paint in some units, new evaporative coolers in some units. 320 Rhode Island also for sale by same owner. See listing SWMLS #1065336
Courtesy: Full House Real Estate,LLC
505-440-9487
**Rare Gem in the NE Heights** Seize this unique opportunity to own a one-of-a-kind 4-plex showcasing a 2006 Sq Ft owner's suite. This exceptional property features a spacious main residence. 3 bedrooms/2 bathrooms, refrigerated air, washer/dryer, wood burning fireplaces, 2 car garage, front courtyard and backyard. Each additional unit has their own private courtyards and a private walled in backyard, refrigerated air, washer/dryer wood burning fireplaces. All units are separately metered. Unit A 3 bedroom/2 bathrooms, Unit B 2 bedroom/1 bathroom, Unit C 3 bedroom/1bathroom, Unit D 3 bedroom/1 bathroom. Perfectly situated in the sought-after NE Heights neighborhood, this property places you close to all the amenities including schools, shopping restaurants, gyms and parks.Rents:
Courtesy: Re/Max Exclusive
505-366-1626
Showings available with at least 24 hour notice.(2) 4-Plex Units, Separate legal description. 1st Building 420 (units are labeled #B5-B8) All units are fully rehabbed. 2nd building 420A (units 1-4) Units #1 and #2 have not been rehabbed, the other 2 are have been fully rehabbed.All Units pay their own electric, gas and $50 towards water. Except Unit B6 - seller pays electric, gas, & water. Photos of vacant unit #B7 available. All updates have been complete in the last 2 years. Both buildings have been exterior painted and it's gated.
Courtesy: Q Realty
505-238-9822
Enchanting Northern New Mexican style sanctuary in the heart of the North Valley on 1 acre of land. Live in the main house and rent the detached guest house . Main house is 2288/sf with 3 Bedrooms and the guest house is 814/sf with 1 bedroom, kitchen and W/D hookups. Plus there is a detached 2 car garage w/heated & cooled workshop (570/sf). The expansive 1-acre lot, fully fenced and gated, invites imaginative real estate opportunities as a long term rental or mid term rental. Quick access to Alameda and 4th street.
Courtesy: Keller Williams Realty
505-710-6918
Don't miss out on this 6 plex featuring 6 remodeled 1 bedroom 1 bath units - fully tenant-occupied, cash-flowing, commercial, multi family property with new mechanical and all new, commercial grade, tankless water heaters! Cap rate of 6.9% and highly motivated seller. This property has been remodeled and upgraded over the past two years, including tiled showers, LVT, and updated kitchens. Landlord pays utilities. Units are all electric, hot water is delivered via service room tankless water heaters (gas). Units are 100% occupied with minimum 6-month lease term. DO NOT WALK PROPERTY OR DISTURB TENANTS
Courtesy: Mallory Realty & Investments
505-883-3797
Great investment opportunity to add to your portfolio for the experienced investor or for an investor new to the market. 3 of 4 units currently leased. DO NOT DISTURB TENANTS.
Courtesy: RealABQ
505-506-6866
Excellent opportunity to purchase an updated four unit property that consists of a duplex main house and two additional, detached units surrounding a small courtyard. The main duplex has a 3 bed, I bath unit and a two room studio. The two detached units are each 1 bed, 1 bath. There's a detached four unit storage shed, so each residence has its own storage space. Two of the units have hardwood and vinyl flooring and two units have tile and vinyl. Each unit has separate electric and gas meters. The current owner rents through a number of private-public programs and enjoys solid cash flow from those programs. A new owner could continue with the existing programs or choose their own path. The building layout would make for a nice owner occupied property with rental cash flow.
Albuquerque is located in New Mexico. Albuquerque, New Mexico has a population of 556,718. Albuquerque is less family-centric than the surrounding county with 27.8% of the households containing married families with children. The county average for households married with children is 27.86%.
The median household income in Albuquerque, New Mexico is $49,878. The median household income for the surrounding county is $50,386 compared to the national median of $57,652. The median age of people living in Albuquerque is 36.2 years.
The average high temperature in July is 91 degrees, with an average low temperature in January of 25.1 degrees. The average rainfall is approximately 12.5 inches per year, with 14.2 inches of snow per year.
