Albuquerque NM Multi Family for Sale

ADDITIONAL INFORMATION

The property features a 1915 Adobe house with enclosed framed porches that has been converted into a fourplex in the 1930's. Three units downstairs with an attic apartment. Heavy textured walls, faux fireplaces and wood floors. Large double 50' x 142' lot with alley access.Four distinct apartments offer well-preserved vintage character and charm. Residents love the built-ins, the raised ceilings, great natural light, and the gleaming wood floors. All units are separately metered for gas and electric. Shared water heater in separate cellar space. New 2024 roof with transferable warranty. Seller has also recently updated major portions of the water and sewer lines. The property is being marketed using the BID process, with a set date and time for property tour and offer deadlin

ADDITIONAL INFORMATION

Incredible opportunity! Rare 15-plex on a quiet cul-de-sac street in the Trumbull Village neighborhood. Two 2BR (approx 900 sf) and thirteen 1BR units (approx 600 SF). Rent roll and expenses on attached documents or emailed by request to listing broker. Mostly rented, landlord searching for 3 tenants currently. Most units are below market rate. Low overhead! Individually metered for gas/elec. Needs some TLC but nothing major. All 3 buildings have newer roofs. Window A/C's, wall heaters. North and South buildings are one story, East/Middle building is two stories. Large Mature shade trees create a pleasant courtyard. Each unit has a small patio/yard area. Exterior is adobe construction. Drive by only, do not disturb tenants. Interior viewing with accepted offer.

ADDITIONAL INFORMATION

LET THE SUNSHINE INN!!! Pun intended. Over 100 windows, skylights, and sliding glass doors in this BART PRINCE MASTERPIECE! Multiple outdoor spaces, an ATRIUM, nearly 4000 sq ft, and plenty of living space that has served tremendously as a Bed and Breakfast and Short Term Rental. Located in the desirable Laurelwood Park neighborhood with easy access to I-40, Amazon, Rio Rancho, and Double Eagle Airport. Parks, Walking/Biking Trails, Disc Golf, and REAL Golf, are all in the neighborhood! HEALTHCARE, RESTAURANTS, and RETAIL is all within 2 miles. Real Estate Contracts will be considered so SEND YOUR OFFER TODAY!

ADDITIONAL INFORMATION

Extremely well-maintained tri-plex located near Kirtland Air Force Base/Ridgecrest/University of New Mexico. This property features 3 single story spacious units. Two units are 1bed/1bath and one unit is 2beds/1bath and 1 car garage. Each unit is individually metered for gas and electric, providing convenience and flexibility for both tenants and owners. The roof was replaced in 2018, and the property offers both on-site and street parking options. Tenants currently hold month-to-month leases, making it a versatile opportunity for owner-occupiers or investors. This is an ideal property with steady rental demand in a highly desirable area.

ADDITIONAL INFORMATION

Well performing triplex for sale. 3 two bedroom one bathroom units all currently occupied. Off street parking, and extra fenced area off the last unit. Units all have washer and dryer hookups, large eat in kitchens and an 800sqft layout.

ADDITIONAL INFORMATION

Residents love the complex's private and secluded courtyard entry, the circular driveway and off-street parking options, the bonus exterior storage assigned to each apartment, and the large private yard spaces, almost as much as the quality and unique architectural finishes in each apartment. All units are separately metered for gas and electric and feature small slat oak floors, original custom tile, built-ins, and well-preserved vintage fixtures throughout. The residence at 309 Palomas NE has just been renovated to make the ideal owner occupancy apartment while also demonstrating where value-add renovation work will take the next investor with a market rent that is over 50% higher than the other 3 units.An owner occupant, w/ 3.5% down payment and a 30 yr amtz, could live here for $750

ADDITIONAL INFORMATION

Investment gem! Owner financing available starting at 4.99% interest with 25% down and good credit! This is a fabulous investment property in an exceptionally convenient location! Zoned MX-M allows office, retail, residence, so much potential! 4 bedrooms, 2 bathrooms, added on living/recreation area with many uses. Hardwood and tile floors, newer roof, evaporative cooling, and water heater. Separate laundry area has great storage. Across from Coronado Mall, near, restaurants, shopping, grocery store, and bus station. Includes appliances, and washer/dryer, ready to move in! Most recent tenant paid $1,950 in actual rent (August 2024). Cap rate of 7.5%! Please see rental history in documents.

ADDITIONAL INFORMATION

Introducing Hermosa Commons at 200 Hermosa Dr. NE, Albuquerque, NM 87108 -- a prime turnkey investment in the heart of Nob Hill.This mixed-use property includes 22 units (20 studios, 2 one-bedrooms, and commercial spaces) across 11,369 sq. ft., just minutes from Nob Hill Business Center and the University of New Mexico (UNM). Studios at 330 sq. ft. are ideal, efficient spaces for renters.Since 2019, Hermosa Commons has undergone significant improvements, including fresh paint and flooring in 17 units and a new high-efficiency boiler installed in 2020. Attracting and retaining quality tenants. Three previously vacant units have also been renovated and leased.Located steps from the Albuquerque Rapid Transit (ART) station, the property provides unmatched citywide accessibility.

ADDITIONAL INFORMATION

This is a 4 Plex with Large Units approaching 1000 sf each. There are Fireplaces in each Unit, tiled floors at kitchen, baths & laundry room, Each unit also has a storage room to use. In addition there is a stand alone Garage of approx. 240sf in the alleyway that can have multiple uses by a new owner ( larger storage areas for extra rent? Onsite Owner use or One tenant lease for use as a garage for their expensive car? ) The Roof was replaced in 2023 and the heating and evaporative cooling equipment has been changed out in recent years. Each Unit allows for a full Size Washer and Dryer.Cap rate is 6% if rents are at minimum market rent. APOD with Cap rate calculations are in Listing Documents.

ADDITIONAL INFORMATION

Cash Flowing property with a potential for Value Add. Leases in place for all units. Private Courtyards for each unit. Contact listing broker or your broker for details. Please do not enter property or disturb tenants.

ADDITIONAL INFORMATION

Welcome to this incredible 4-plex situated just steps away from the lovely Mesa Verde Park! Featuring four updated units, each with two bedrooms and one bath, this property also offers the convenience of individually metered electricity. Enjoy a range of outdoor activities at the nearby Mesa Verde Community Center and Tennis Courts. One unit has been recently upgraded to refrigerated air. With all units currently leased at top market rents, this investment property checks all the boxes for savvy buyers looking for a solid addition to their portfolio.

ADDITIONAL INFORMATION

Nice size Duplex in the Nob Hill/Ridgecrest area. NOT ON the busy part of Zuni! This is a hidden gem off the busy street!Two spacious 2-bedroom units with garages. The units have washer-dryer hook-ups, hardwood floors, cute back patios for each unit. Great money-maker with room to increase the rents. DO NOT go on the property, currently rented. Property shown with accepted Purchase Agreement.

ADDITIONAL INFORMATION

Beautifully updated 4-bedroom home in the highly desirable North Valley, just off Rio Grande. Previously operated as an Airbnb, this property offers potential for growth, and may qualify for bed and breakfast zoning--buyers should verify with city regulations. Recent updates include a newer roof, HVAC system, fresh paint, and more. This home is an excellent opportunity for those looking to invest in a prime location!

ADDITIONAL INFORMATION

Step into an early 1900s farmhouse, perfectly blending historic charm with modern convenience in Albuquerque's vibrant Wells Park neighborhood. This property is designed for cash flow with two fully updated, separate living units--each featuring contemporary finishes, gleaming wood floors, upgraded systems (roof, plumbing, HVAC, electrical), and double-hung windows that preserve its character. The main level includes an office space and renovated basement, offering flexible options for small businesses, all within the unique MX-T zone's character protection overlay (CPO#12).Ideal for investors, the property includes three fully furnished apartments--consistently rented over the past four years for reliable income--along with ample gated parking, RV access, and a lighted patio area.

ADDITIONAL INFORMATION

Discover this unique, fully gated property in the coveted Los Duranes neighborhood, featuring two charming houses, each with 1 bed and 1 bath. Enjoy the beauty of New Mexico-style artistic details and luxurious exterior finishes. Each unit boasts its own private enclosed yard, open patio, and convenient carport--perfect for relaxation or entertaining. Ideal for investment or AirBnB hosting, this property also accommodates multi-generational living. The durable metal roofs add to the appeal while ensuring longevity. Nestled near the picturesque Rio Grande River and close to hiking trails and parks, this gem combines comfort with outdoor adventure. Minutes from Old Town, Down Town, Rio Grande Bosque, Los Poblanos.

ADDITIONAL INFORMATION

Come start or add to your investment portfolio with this great property which has recently been rehabbed. Building has had all the electric replaced, Plumbing upgrades, New stucco, New doors and windows, New Tile flooring, New kitchen cabinets with New granite countertops, New TPO roofing and it has all been fenced in. It is beautiful!! Don't miss out!!

ADDITIONAL INFORMATION

Historic Hiway 66 property Beautiful 5000 square foot ranch house with New Mexico adobe style charm. Also a built in air bnb business or rental property that now makes 9000 dollars a month income with potential for much more. All units are unique and newly renovated. Sitting on 10 acres in the beautiful granite boulder country of the back side of the Sandia Mountians, this canyon holds a wide variety of flora and fauna and is near hiking trails to the National forest 1/2 mile away. This property also has two casitas that are separate units from the main house. With the location being in the canyon of Carnuel, it is a perfect place to feel far away from Albuquerque yet 3 minutes to town. The feel of Northern New Mexico with architecture elements of 1940

ADDITIONAL INFORMATION

Well kept 10 plex in good southeast rental areaSee attached APOD

ADDITIONAL INFORMATION

Back on the market with a new, improved price! Don't miss this incredible investment opportunity in the heart of the South Valley. This property features 5 units, all of which are being offered VACANT and sold AS-IS.There's potential to demolish the back duplex and renovate the front property into a single-family home to comply with zoning regulations.

ADDITIONAL INFORMATION

ADDITIONAL INFORMATION

Updated four plex featuring all two bedroom, one bath units. Seller has installed new CMU court yard walls on the front of each unit. TPO Roof, evaporative coolers in good condition. Current numbers with a 5% vacancy allowance, and a 5% maintenance allowance results in a CAP rate of 6.65 and GRM or 10.5 with one vacancy. If rents were raised to $1222.00 a CAP of 11.43 and GRM of 6.99 would be achieved. Seller will sell single buildings or any combination thereof including all four buildings. See 3413, 3409 & 3421 Eastern listings.

ADDITIONAL INFORMATION

This is a rare opportunity to own a well-maintained triplex in one of Albuquerque's most sought-after rental areas. Perfect for both new and seasoned investors looking to capitalize on the high-demand rental market near UNM. It has an impressive rental history and less than 3% vacancy rate over the last six years which is an excellent indicator of stability and continued profitability. At the ask price of $560,000, the GRM is 11.18. Each home is a freestanding building with no shared walls. Each is equipped with a private yard, a washer and dryer, newer double paned windows, and assigned parking. Mainline sewer replaced in 2023. 1 of the 3 units was built in 2023!

ADDITIONAL INFORMATION

Excellent income on this 4 unit property with 4 large 2 bed 1 bath townhome style units with each unit having upstairs and downstairs. Washer/dryer hook ups in each unit.

ADDITIONAL INFORMATION

Incredible income-producer in the heart of the UNM Corridor within walking distance to CNM, restaurants, shopping and more! This duplex features Two 2-bedroom units each with a lengthy rental history. Each unit has its own 1-car garage plus evaporative cooling for both units and tons of yard space. NEW TPO Roof, Fresh paint, NO carpet, and front unit has newer furnace & water heater (2022). Call today for more information.

ADDITIONAL INFORMATION

Own your own Triplex!! These properties are just south of the Uptown retail district and just east of the Nob Hill gourmet eatery row. New granite, new mini splits installed in Units A &B, Unit C is Swamp cooler and central heating. Unit C is a Owner Unit with 2 or can be 3 bedrooms with a fireplace and larger backyard. This is a perfect property to live in one unit while the other 2 units can pay your mortgage plus extra. This is a turn key cash flowing property. These units are in great condition and ready for new tenants/owners!