Bought with NAI SunVista Commercial RE
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Key Details
Sold Price -
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,003 sqft
MLS Listing ID 1103865
Sold Date -
Bedrooms 3
Construction Status Resale
HOA Y/N No
Year Built 1978
Annual Tax Amount $3,906
Lot Size 7,840 Sqft
Acres 0.18
Lot Dimensions Public Records
Property Sub-Type Quadruplex
Property Description
2616 Muriel St. NE offers investors a strong value-add opportunity with a 5.95% acquisition cap rate and a projected 6.21% pro forma cap rate. Current rents remain approximately 8.5% below market, providing additional upside potential for future ownership. The property features washer/dryer hookups in every unit and benefits from a recently replaced roof in 2022, helping reduce near-term capital expenses. Located in Albuquerque's established Northeast Heights rental market, the property offers stable tenant demand and long-term investment appeal. Seller will consider seller finance!
Location
State NM
County Bernalillo
Area 50 - Northeast Heights
Interior
Heating Central, Forced Air
Cooling Evaporative Cooling
Flooring Carpet, Vinyl
Fireplace No
Appliance Dishwasher, Free-Standing Gas Range, Microwave, Refrigerator
Laundry Washer Hookup, Dryer Hookup, In Unit
Exterior
Exterior Feature Patio
Community Features Patio
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Porch Patio
Building
Story 1
Entry Level One
Level or Stories One
New Construction No
Construction Status Resale
Others
Tax ID 102105950741911316
Acceptable Financing Cash, Conventional, FHA, Owner May Carry, VA Loan
Green/Energy Cert None
Listing Terms Cash, Conventional, FHA, Owner May Carry, VA Loan
Financing Seller Financing
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