This property has potential but needs work, there is 4 Bedrooms 2 Baths and 2 living areas. The master bedroom has a large bathroom with walk in closet.
Measure of investment performance include 6.45% cap rate at $449,114 ask price. The prior owner remodeled the property with a new roof, new windows, syntheticstucco, hard surface flooring, new lighting, new vanities, washer/dryers newevaporative coolers updated electrical, wrought iron security fence, new toilets aswell as replacing some of the hot water heaters and furnaces. This 4-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 forthcomingwave of appreciation and rent growth.
SELLER FINANCING:5 year call, 5% interest, 30 year amortization, 15% down payment. 12 unit apartment complex for sale! This multifamily property is settled in one of Albuquerque's up and coming neighborhoods: South San Pedro. Significant investor activity has lead to improving properties all throughout the area which helps to increase rent and tenant basis. This property offers off-street tenant parking and backyards. Property consists of 8 rehabbed units, newer windows, roof, electric panels, exterior paint, all new AC units, and some newer wall heaters as well.
This charming brick fourplex offers a desirable living arrangement with three 2-bedroom units and one 3-bedroom unit which includes a laundry room and boasts a spacious private yard providing a tranquil outdoor space. This setup presents an excellent opportunity for homeownership with the potential to generate rental income from the additional units, enabling the possibility of offsetting mortgage and maintenance costs. The property's layout and features, make it an attractive option for individuals seeking both a comfortable living space and a smart investment opportunity.
Introducing Hermosa Commons, a stunning turnkey multi-family and commercial building investment portfolio located in the heart ofthe highly desirable Nob Hill neighborhood. As you may know, Albuquerque is in a housing crisis, and thanks to all the new job growth the demand forapartments has skyrocketed. Hermosa is a mixed-use property boasting a total of 22 units (20 studios, 2 - 1 bedrooms, and commercial units, with agross building area of 11,369 sq. ft. Most studio units are 330 sq. ft. with the same floor plans. The property is turn-key with a strong history ofoccupancy and is located in a high-demand rental market. Currently, owner-managed fully remotely with maintenance and video secu
Corner lot duplex - Featuring 2 bedroom and 1 bathroom units. Unit A has an attached one car garage and has been remodeled boasting modern finishes. The property's layout and features, make it an attractive option for an owner-occupants seeking rental income. Don't miss this opportunity to own a turnkey property with potential for increased value and rents.
Seller is willing to offer financing for an owner occupant (who must move into the property) with a 5% down payment 30 year amortization, 5.75% interest rate, 7 year balloon, subject to approval of the buyers credit report, financial statement and tax returns. This fourplex contains two bedroom one bathroom units that are renting at $1,247. Each renovated unit has washers/dryers and the belong to the owner and convey with the property. At the current average rents of $1,247, and an ask price of $493,710 the measures of investment performance include a price per unit of $123,427, price per square foot of $157.49, a GRM of 8.25, an after reserves cap rate of 6.65%.
Zia at Nob-Hill's current ownership is on a runway towards achieving a 8.15% cap rate with individual unit renovations and higher rents. The owner has done all of the non-sexy capital items including upgrading landscaping (2019), improved the parking lot (2020), installed new gas-lines (2019), a new roof (2019) and a security gate for parking. As units turn-over, the owner has developed a unit upgrade plan allowing them to capture higher rents. This combination makes the property a value add with the potential to renovate units and raise rents to a level closer to the neighboring property creating a potential cap rate of a 8.15%. Property amenities included high speed internet and laundry c
Welcome to this beautiful 5 bedroom NE Home! This versatile floor plan is great for all! Offering 2 living spaces, a huge primary suite, and an updated kitchen with stainless steel appliances. The home has been updated recently with New Tile flooring, new light fixtures throughout the home, and a front security gate. Some other recent updates include newer vinyl windows, TPO Roof, and remodeled bathrooms. And that is not all! This home also has backyard access, a two car carport, and refrigerated air to keep you cool in the summer! Topping it all off with a stunner 16x16 workshop and two sheds that provide a ton of storage/work space!
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$292,500
5 beds2 baths1,996 sq ft8,276 sq ft (lot)
422 Chama St NE, Albuquerque, NM 87108
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Income generating property!! 8.229% CAP RATE. Owner Financing available. Duplex + Mobile Home + multiple mobile home pads all in one, with a Duplex has many updates. Duplex 1 - bedroom, 1.5 bath, walk in closet, 2 fireplaces. Duplex 2 -3 bedroom, 2 bath. Owned mobile home on pad & 4 other pad lease opportunities available. Call for more details.
Beautiful triplex, all 3 apartments have two large bedrooms and 1 bath. Hardwood floors and stackable washer and dryers. Each unit has a detached storage unit and walled front yard areas. All 3 apartments are rented so please write an offer subject to inspections and walk through. Please do not walk the property nor disturb tenants.
Beautifully crafted custom home in the heart of Nob Hill. Lots of owner upgrades including new central a/c and heat. Large kitchen including full size pantry, custom cabinets, high-end appliances and custom granite. Two spa-like bathrooms feature custom floor-to-ceiling tile and custom cabinetry. Updated windows with 2-1/2'' wood blinds throughout. Recent 30yr roof and long-lasting synthetic stucco. Oversized 2car garage with automatic opener plus a convenient circular driveway in front. Side yard access possible for RV. Close to UNM and easy walking distance to restaurants, shopping and nightlife.
Great investment opportunity, live in one and rent the other one out! A long list of updates including a new roof in 2020, New main sewer line, new water heaters, new swamp coolers, new wall heaters, new light fixtures, and new appliances in both units. Updated wiring, new electrical and gas meters. This would make a great investment property since everything has been updated. This duplex has been well maintained with vents, doors and stucco being sealed, insulation was added to help with utilities. On site washer and dryer for tenants. A nice private courtyard to enjoy and relax, 2 homes for the price of one and ready to go! Solar Panels for each unit for lower electric bills. Schedule you
NM Apartment Advisors is excited to offer this once in a decade opportunity to acquire a large portfolio of single family investments spread across Albuquerque, New Mexico. The sellers are offering financing to qualified investors ( * ) with 21.5% down payment, 78.5% loan to value, 4.85% interest rate, 30 year amortization and a 6 year call. ( * subject to sellers review of buyers credit report, financial statement, deal resume, and tax returns). If you have a client who would like a tax deferral strategy - this might be their deal as this could be their last 1031 exchange into this portfolio, wait a couple of years and then sell off one house year (paying the tax) to ease through the tax
Three spacious & unique units - two 2 bed / 1 bath apartments and one 1 bed / 1 bath apartment. Residents enjoy distinct floor plans with rooms big enough for multi-purpose functionality. All three units are updated and properly restored with solid surface flooring - hardwood, tile, and luxury vinyl plank), classic built-ins, new fixtures, and newer appliances. Apartments also feature unique amenities: 4011 and 4011A have extra large yard spaces. 4009 and 4011 both have awesome covered porches. All units offer washer / dryers in the unit or washer /dryer hookups, multi-functional / spacious floor plans, and large kitchens. Each residence also comes with quality off street parking righ
A total of 53 units in 15 buildings in 9 concentration, all within 9 x 9 block area. Area amenities include Ta-Lin International market, Expo! NM, The NM State Fair, and the constructed International District Library. The portfolio straddles historic Route 66, home to the Albuquerque Rapid Transit corridor which offers quick connections to the Uptown retail district, Nob Hill, UNM/CNM Area as well as downtown, Kirtland Air Force Base and Sandia National Laboratories. The sellers are offering financing to qualified investors ( * ) with 21.5% down payment, 78.5% loan to value, 4.85% interest rate, 30 year amortization and a 6 year call. ( * subject to sellers review of buyers credit report, f
A hidden gem & one-of-a-kind property in Albuquerque's desirable Ridgecrest area. A true palace set on a generous lot with mountain views, lush yard with a flowing waterfall pond and mature trees. This home is awash in luxury and opulence. Starting with a grand entryway, terrazzo floors and hand painted 14K gold accents. The living room is expansive, with raised-panel Honduras mahogany built-ins and a fireplace. The formal dining room is equally impressive, with a striking chandelier and designer fabric wall coverings. The kitchen is a chef's dream, with loads of mahogany, finished maple cabinets, shimmering countertops, brand new SS appliances and a breakfast nook with beveled glass
Price Reduced! Great investment opportunity, live in one and rent the other one out! Nob Hill Living! Close to UNM, Restaurants, and Shopping. Two homes on one property, live in one and rent out the other. Rare find in Albuquerque! Unit A front home- One story, 2/3 Bedroom 1018 Sqft. TPO roof in 2014 New Stucco, 2014. Master Cool. Unit B 2038sqft, 2bdrm, 3 bath, Built in 2014, TPO roof, Contemporary design, top of the line Wolf and Subzero Appliances, Granite, Stained Concrete flooring on main level, white oak wood flooring, Anderson wood windows, custom carved wood interior doors throughout. 2 Ref air units, 2 car detached garage.
Welcome to 1100 Alvarado Dr. SE Apt 104 - your condo awaits! Nestled in the heart of Albuquerque this beautiful 2-bedroom, 1 bathroom corner condo offers comfort, style and location. Enjoy the convenience of city living close to a multitude of restaurants, shopping centers and more. Step inside to find a spacious open floor plan with Modern kitchen has been upgraded with stainless steel appliances, with this condo you will also enjoy of the benefits of a dedicated parking spot, in unit Ku laundry facilities Don't miss your chance to come and see it. It won't last long.
a core asset in a beloved Nob Hill neighborhood. Well-built and well maintained - each apartment at 201 Manzano and 202 Quincy NE offers a unique floor plan with amazing vintage and classic touches. Units come with carports/garages, refrigerated air and forced central heating, private off-street parking, bonus storage, on-site laundry, and lots of unique extras. Some units have private yards as well. Quality bones, well-made vintage finishes, solid and modern mechanical systems - a buyer with vision can reap the benefits of easy cosmetic updating and modernization to push rents in alliance with the improving east Nob Hill submarket. These back to back communities, separated only by a public
10 unit, recently renovated community which is located near the new Max-Q mixed-use development. Measures of investment performance at ask price of $949,530 and current average rent of $808 are a GRM of 9.79, a 6.04% cap rate, $94,530 per unit, $124.19/sf. If rents are raised to the market of $925, the measures of investment performance improve to a cap rate of 7.14%. 10 additional units available on opposite end of the block. The property is located jus a couple of blocks away from the new, under construction headquarters for the Albuquerque Community Safety (ACS), a new city department dedicated to helping the homeless that responds to 911 calls for mental health, substance use, and homel
The prior owner remodeled the property with a new TPO roof, new soffits, new windows, synthetic stucco, new solid laminate flooring, updated lighting, updated electrical, as well as replacing some of the hot water heaters, and new central forced air furnaces. Measures of investment performance at ask price of $925,488 and current average rent of $806 are a GRM of 9.57, a 5.97% cap rate, $92,549 per unit, $119.88/sf. If rents are raised to the market of $950, the measures of investment performance improve to a cap rate of 7.41%. Employment in this area is on a uphill trajectory due to the recent expansion of Netflix, Intel, Amazon and Northrop Grumman which has just completed construction of
DO NOT DISTURB TENANTS. Shown by appointment ONLY and will only be shown with accepted deal. 8.00% CAP RATE ON NOI. See broker for financial information. Fully Leased! Recently Remodeled! This Property has been recently remodeled with a number of improvements including new roofs, stucco, windows, doors. Landscaping, paving, and gravel driveway is all new. The units have kitchen remodels including countertops, cabinets, backsplashes, stainless appliances. Apt 1 received a full interior renovation. Apt 2 received a kitchen & living renovation. Apt 3: kitchen renovation, flooring, The 3 bed Home received updates throughout including a kitchen renovation and 3 new refrigerated air units a
Come take a look at this amazing Corner, improved lot right in town. All utilities in place. Water, sewer gas, electric. Near The Downs Racetracks and Casino, Mesa Verde Park, Expo New Mexico, the International District. .. Seize the opportunity! Call your realtor now, or call us today to schedule a complimentary viewing and more details
Great commercial vacant land with Central frontage. Property has 5 lots, .37 ac. It used to have a restaurant. Zoning is MX-M and has lots of possibilities to offer including restaurant, bar, gym, mobile food truck court, cannabis retail, light vehicle: repair, sales and rental, personal and business services, Bakery, general retail, grocery store, dwelling: live-work, multi-family, town house, just to mentioned a few possibilities. Call for complete list of allowable uses.