This triplex located in the La Mesa neighborhood is fully occupied and is currently selling at a 7.2% cap rate! Total monthly rent income is $2,780. All units are 2 bed 1 bath with a small back yard space. Units were renovated between 2020-2021 with all new windows and tile floors through. Property provides off street parking and courtyard space. Building has a pitched metal roof.
Investment Opportunity: Profitable Turnkey Airbnb in Albuquerque Seller Financing Considered for Well-Qualified Investors Property Overview: Discover the charm of the Land of Enchantment with the Boutique-On-Beryl, a profitable Airbnb property perfect for investors. Prime Location: 1 mile to Old Town 2 miles to Botanic Gardens, Robinson Park, & Tingley Beach 3 miles to the Zoo, Aquarium, Rio Grande Park, & downtown ABQ 4 miles to UNM, Nob Hill, & Route 66 Key Selling Points: Well-established, profitable Airbnb with a strong booking history Renovated 1957 Pueblo-style home 3 bedrooms with King beds and Casper mattresses 2 full bathrooms with premium toiletries Modern kitchen with stainless steel appliances Spacious living room with a 55'' Smart TV Private backyard with a deck and bistro lights Pet-friendly with free WiFi and Central AC Neighborhood rich in character with wild peacocks nearby Every booking supports local nonprofits Invest in this unique property and capitalize on its success in one of Albuquerque's most desirable areas.
Great Investment!! Located along historic Route 66 and across from City of Albuquerque Fire Station #7, this property provides convenience to tenants utilizing ART Rapid Transit. It experienced a complete remodel in 2019. This included a new roof, some new plumbing, electrical, paint & stucco, heaters and coolers in all units and new kitchenettes in all units
Tired of the corporate grind? Are you ready to take control of your financial future? Introducing: A prime real estate investment opportunity! This three-unit triplex offers a stable income stream and the potential for significant returns. Key features: * Three rentable one-bedroom units * Modern amenities and comfortable living spaces * Insulated storage unit * Secured gated property * Ample parking for your future tenants * Estimated 9% Cap Rate for a lucrative investment * Washer/Dryer hookups Don't miss out on this chance to become your own boss. Contact us today to schedule a viewing and learn more about this exceptional opportunity.
Well maintained 8-unit property in the Southeast neighborhood of Albuquerque. This complex, originally constructed in 1971, has a track record of consistent occupancy and hassle-free management, making it an ideal investment opportunity. The property is priced at an in-place cap rate of 7%, which accounts for a 40% expense ratio including management costs. Each of the eight units is separately metered for gas and electric. Water is master metered. All utilities are currently paid by the landlord. Recent upgrades include a roof replacement in 2020 and new exterior paint in 2023. Additionally, ceramic tile flooring has been installed in the living rooms, kitchens, and bathrooms, offering durability and easy maintenance. Additional income can be generated by upgrading the on-site laundry rooms and storage units. Don't miss the opportunity to own a well-maintained, income generating property with a proven track record of success. 630-632 Alcazar St SE is poised to provide both steady returns and long-term appreciation.
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
Two story 4 plex with townhouse style floor plan. 2 bedroom, 1 bath layout.
2 Homes on large lot. Both have backyard access, 1st is a 3 bedroom, 1 3/4 bath and 2nd home is a 2 bedroom, 1 Bath. Both homes are FULLY REMODELED, including New Roofs, Windows, Water heaters, flooring, Paint, Fixtures, New double sided wall heater in Casita and large unit has newer heater. Newer swamp cooler in large unit and Large window A/C unit in the Casita. Electrical updated, New gas lines, Great for a large family or investment. Won't last long. Come see this beauty! Live in 1 & rent out the other and have the Casita pay half your Mortgage!!!
Amazing opportunity! All the work has been done for you! Fully rehabbed in 2020, with the addition of a Casita. All new, flooring, electrical, windows, doors, fixtures, water heater, etc. **NEW ROOF** August 2023. Backyard fully fenced and separated so each have their own fenced yard. Both house and casita are fully rented, great investment opportunity or great multi-family home. Added Bonus - Located in an Opportunity Zone!
The prior owner remodeled the property with a new roof, new windows, synthetic stucco, hard surface flooring, new lighting, new vanities, washer/dryers new evaporative coolers updated electrical, wrought iron security fence, new toilets as well as replacing some of the hot water heaters and furnaces.This 8-plex is located in an area of that has had major announcements of new employment. Couple that with the impact of the citywide expansion of Netflix, Facebook, Intel and Amazon and this property is well positioned to enjoy the forthcoming wave of appreciation and rent growth.Measures of investment performance at ask price of $772,863 and current average rent of $856 are a GRM of 9.40, a 5.32% cap rate, $96,608 per unit, $128.81/sf.
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.