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Michael Chochol

michaelchochol.simply@gmail.com +1(505) 780-0315

Listed by Keyway Properties, Inc

$ 350,000

Est. payment | -/mo

4 Beds

4 Baths

3,060 SqFt

Save

$ 350,000

Est. payment | -/mo

Save

4 Beds

4 Baths

3,060 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,060 sqft

Price per Sqft $114

Subdivision Dennison Add

MLS Listing ID 1099819

Bedrooms 4

Construction Status Resale

HOA Y/N No

Year Built 1956

Annual Tax Amount $2,164

Lot Size 7,405 Sqft

Acres 0.17

Lot Dimensions Public Records

Property Sub-Type Multi Family

Property Description

This four-unit apartment building offers a strong investment opportunity with a current 9.24% cap rate at full asking price. The property features four residential 1 bed, 1 bath units. Most tenants are supported by subsidized housing programs, providing stable and consistent rental income. Utilities are currently included in the rent with those tenants; however, the building is equipped with individual gas and electric meters, offering future ownership the option to separate utilities. Located in an established rental area surrounded by other multifamily properties. Ideal for investors seeking the potential of immediate cash flow. Do NOT disturb tenants. Walkthrough will not be permitted until Earnest Money is delivered to Title. Property is sold in AS IS Condition.

Location

State NM

County Bernalillo

Area 50 - Northeast Heights

Interior

Heating Forced Air

Cooling Evaporative Cooling

Flooring See Remarks

Fireplace No

Appliance Free-Standing Electric Range, Refrigerator

Exterior

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Building

Story 1

Entry Level One

Level or Stories One

New Construction No

Construction Status Resale

Others

Tax ID 102005708208030909

Acceptable Financing Cash, Conventional, FHA

Green/Energy Cert None

Listing Terms Cash, Conventional, FHA

Schools and Properties Nearby

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+1(505) 780-0315

michaelchochol.simply@gmail.com

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123 General Arnold ST NE Albuquerque, NM 87123