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+15054004151
Superior Realty, LLC
2100 High St Se, Albuquerque, NM 87102
- $735,000
- List Price
- $735,000
- Property Type
- Multifamily
- Lot Size
- 7,100
- Region
- Near South Valley
- Status
- ACTIVE
Property Description
Exceptional investment opportunity! This beautifully remodeled fourplex offers a rare and highly desirable unit mix of four spacious, two-story, 3-bedroom, 1.5-bathroom units. Completely renovated from top to bottom, this property has been transformed with no shortcuts taken. Everything has been updated or replaced, delivering a truly turnkey investment with minimal anticipated maintenance and no immediate renovation work needed. Boasting an impressive 6.57% cap rate with substantial upside in rental income, this property offers investors the perfect combination of strong in-place returns and future growth potential. Current rents leave considerable room for increases, providing an opportunity to further improve cash flow and overall property value. Ideally situated in a highly desirable location, the property is just a short walk from Lobo Crossings, an exciting 38-acre mixed-use retail and dining development currently under construction. This major nearby development adds to the property's long-term investment appeal. Rare unit mix, extensive renovations, strong returns, rental upside, and an exceptional location -- this is the hassle-free multifamily investment investors have been waiting for!
Additional Information
- County
- Bernalillo
- Subdivison
- Torreon Addition
- Acres
- 0.16
- Interior Features
- Skylight(s)
- Exterior Features
- Lighting, Storage
- Appliances
- Gas Range, Convection Oven, Refrigerator
- Cooling
- Evaporative Cooling
- Flooring
- Carpet, Vinyl
- Heating
- Central
- Tenant Pays
- Electricity, See Remarks, Trash Collection, Water, Gas
- Roof
- Flat
- Utilities
- Cable Available, Electricity Available, Natural Gas Available, Sewer Connected, Water Available
- Zoning
- R-1A*
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Listing courtesy of Trinity Apartment Company LLC.
Some of the information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers’ personal, non-commerical use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.