Homes for sale - 426 Towner AVE NW, Albuquerque, NM 87102

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Nate Boitano

nateboitano@gmail.com +1(505) 301-4170

Listed by Weichert, Realtors Image

$565,000

Est. payment - /mo

1 Bed

1 Bath

3,191 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,191 sqft

Price per Sqft $177

Subdivision Towner Add

MLS Listing ID 1095527

Bedrooms 1

Construction Status Resale

HOA Y/N No

Year Built 1946

Annual Tax Amount $2,181

Lot Size 10,454 Sqft

Acres 0.24

Lot Dimensions Public Records

Property Sub-Type Multi Family

Property Description

Turnkey 6-plex in Albuquerque's Near North Valley--three separate structures with two units each, professionally managed and fully stabilized and occupied for predictable performance. Property has a history of low vacancy rate and high demand. Clean, well-kept residences offer private entries and practical layouts that attract long-term tenants and minimize turnover. Solid metrics strengthen the case: CAP 6.06%, GRM 9.53, IRR 13.40% (per owner's pro forma). Rent/unit under $100k, under most comps. Each unit is separately metered for gas and electric. Close to employment, transit, and amenities, this location supports steady demand and market-rate rent growth. A great price for $34,214 NOI--ideal for investors seeking reliable cash flow with low day-to-day involvement.

Location

State NM

County Bernalillo

Area 101 - Near North Valley

Interior

Heating Wall Furnace

Cooling Window Unit(s)

Flooring Carpet, Tile, Vinyl

Fireplace No

Appliance Free-Standing Gas Range, Range Hood

Laundry Washer Hookup, Dryer Hookup, Electric Dryer Hookup

Exterior

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

Accessibility None

Total Parking Spaces 6

Building

Story 1

Entry Level One

Level or Stories One

New Construction No

Construction Status Resale

Others

Tax ID 101405927228422138

Acceptable Financing Cash, Conventional, FHA, VA Loan

Green/Energy Cert None

Listing Terms Cash, Conventional, FHA, VA Loan

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Nate Boitano

+1(505) 301-4170

Realtor | License ID: 54242

Realtor License ID: 54242

426 Towner AVE NW Albuquerque, NM 87102

Nate Boitano

Key Details

Location

Interior

Exterior

Building

Others

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