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2900 Palo Verde Drive NE

Albuquerque, NM 87112
  • $625,000
  • STATUS: Active
  • ON SITE: 12 Days
  • MLS #: 1062424
Price Reduced
UPDATED: 155 min ago
$625,000
  • 1
    BEDS
  • 0.19
    ACRES
  • 1
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1979
County:

School Ratings & Info

Description

Explore prime investment potential in this Albuquerque fourplex! Situated in the sought-after Foothills area east of Tramway Blvd, this property offers a rare opportunity. Each unit features desirable amenities like in-unit washer/dryer and stylish tile/wood floors, and fireplaces. TPO roof and other upgrades in the last few years. Plus, tenants will enjoy outdoor space with enclosed backyards. 1.5 parking spaces per unit (6 total) and a stable 5.6% cap rate from full occupancy, this investment is a solid choice for savvy investors. Don't let this rare chance slip by!

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IDX information © 2024 The Southwest Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by The Southwest Multiple Listing Service or The Team | Realty Executives Advantage. Data last updated: 2024-05-23T12:06:11.827.
www.trtnm.com/homes/150409824
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2900 Palo Verde Drive NE Albuquerque, NM 87112

  • Price: $625,000
  • Status: Active
  • On Site: 12 Days
  • Updated: 155 min ago
  • MLS #: 1062424
1
Beds
1
Baths
0
½ Baths
0.19
Acres
1979
Built
Neighborhood:
51 - Foothills South
County:
Bernalillo
Area:
51 - Foothills South
Property Description
Explore prime investment potential in this Albuquerque fourplex! Situated in the sought-after Foothills area east of Tramway Blvd, this property offers a rare opportunity. Each unit features desirable amenities like in-unit washer/dryer and stylish tile/wood floors, and fireplaces. TPO roof and other upgrades in the last few years. Plus, tenants will enjoy outdoor space with enclosed backyards. 1.5 parking spaces per unit (6 total) and a stable 5.6% cap rate from full occupancy, this investment is a solid choice for savvy investors. Don't let this rare chance slip by!
Exterior Features

Construction Materials Frame Exterior Features Lighting Levels One

Interior Features

Appliances Dryer Dishwasher Free Standing Electric Range Refrigerator Washer Basement YN No Cooling Evaporative Cooling Cooling YN Yes Fireplace Features Option Flooring Tile Wood Heating Central Forced Air Heating YN Yes Laundry Features Washer Hookup Dryer Hookup Electric Dryer Hookup In Unit

Property Features

Builder Name Unknown Green Energy Generation None Gross Income 58200 Listing Agreement Exclusive Right To Sell Listing Terms Cash Conventional New Construction YN No Operating Expense 21784 Property Condition Resale Property Sub Type Quadruplex Property Sub Type Additional Quadruplex Tax Annual Amount 4734.26 Tenant Pays Electricity Gas Utilities Electricity Connected Natural Gas Connected Sewer Connected Water Connected Zoning Description PD*

Southwest MLS] logo Listing courtesy of 360 Ventures Real Estate: (505) 750-3360. © 2024 Southwest Multiple Listing Service, Inc.


IDX information © 2024 The Southwest Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by The Southwest Multiple Listing Service or The Team | Realty Executives Advantage. Data last updated: 2024-05-23T12:06:11.827.
 
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The Team | Realty Executives Advantage
2440 Lousiana Blvd
Albuquerque NM, 87110