Bought with Hallmark Realty
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Key Details
Sold Price -
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,072 sqft
Subdivision Buena Ventura
MLS Listing ID 1107596
Sold Date -
Bedrooms 6
Construction Status Resale
HOA Y/N No
Year Built 1977
Annual Tax Amount $1,492
Lot Size 8,276 Sqft
Acres 0.19
Lot Dimensions Public Records
Property Sub-Type Quadruplex
Property Description
This four-unit apartment building offers a strong investment opportunity with a current 9.39% cap rate at full asking price. The property features four residential 2 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. A new roof was installed August of 2023 Located in an established rental area surrounded by other multifamily properties. Ideal for investors seeking the potential of immediate cash flow.
Location
State NM
County Bernalillo
Area 50 - Northeast Heights
Interior
Heating Central
Cooling Evaporative Cooling
Flooring Vinyl
Fireplace No
Appliance Refrigerator
Exterior
Community Features Storage Facilities
Utilities Available Electricity Connected, Natural Gas Connected, Water Connected
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Construction Status Resale
Others
Tax ID 102005734304640324
Acceptable Financing Cash, Conventional, FHA, VA Loan
Green/Energy Cert None
Listing Terms Cash, Conventional, FHA, VA Loan
Financing Conventional
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