Bought with Empire NM Realty
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Key Details
Sold Price $415,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,168 sqft
Price per Sqft $130
MLS Listing ID 1079101
Sold Date 05/14/25
Bedrooms 2
Construction Status Resale
HOA Y/N No
Year Built 1978
Annual Tax Amount $3,452
Lot Size 6,534 Sqft
Acres 0.15
Lot Dimensions Public Records
Property Sub-Type Quadruplex
Property Description
Exceptional 4-Unit Multifamily Investment Opportunity in the Singing Arrow neighborhood! Each of the four units has two bedrooms and one bath with approximately 800 square feet of living space. Property has evaporative cooling, on-site laundry facilities, and off-street parking. This asset is selling at a 6.9% cap rate, with a total monthly rental income of $3,798 when fully leased. Currently, Unit D is vacant, while two tenants remain on month-to-month leases, allowing for flexible rental strategies. With its solid financials, and operational upside, this multifamily asset is ideal for both seasoned investors and those looking to expand their portfolio.
Location
State NM
County Bernalillo
Area 71 - Southeast Heights
Interior
Heating Central, Forced Air, Hot Water
Cooling Evaporative Cooling
Flooring Laminate
Fireplace No
Appliance Cooktop, Refrigerator, Range Hood
Exterior
Exterior Feature Landscaping
Community Features Laundry Facilities
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Accessibility None
Total Parking Spaces 4
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Construction Status Resale
Others
Tax ID 102205627425320415
Acceptable Financing Cash, Conventional, FHA, VA Loan
Green/Energy Cert None
Listing Terms Cash, Conventional, FHA, VA Loan
Financing FHA
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