Albuquerque NM Multi Family for Sale

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

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

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

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

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

Well kept 10 plex in good southeast rental areaSee attached APOD

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!

ADDITIONAL INFORMATION

ADDITIONAL INFORMATION

Outstanding rental property! Not your normal 4 plex. This is 4 individual structures on a double lot. Main house is a spacious 3 (or 4) bedroom unit with 2 baths, 1,600 sqft with refrigerated air. Other 3 units are separate structures with plenty of parking for each. Property commands outstanding rent amounts, $4,320 when fully leased. 3 Units are already at market rent and leased, last unit on market for rent. Tenants pay Electric and Gas with current rents. Ready to add to your portfolio!

ADDITIONAL INFORMATION

Well maintained 8-unit property in the Southeast neighborhood of Albuquerque. This complex, originally constructed in 1971, has a track record of consistent occupancy and hassle-free management, making it an ideal investment opportunity. The property is priced at an in-place cap rate of 7%, which accounts for a 40% expense ratio including management costs. Each of the eight units is separately metered for gas and electric. Water is master metered. All utilities are currently paid by the landlord. Recent upgrades include a roof replacement in 2020 and new exterior paint in 2023. Additionally, ceramic tile flooring has been installed in the living rooms, kitchens, and bathrooms, offering durability and easy maintenance. Additional income can be generated by upgrading the on-site laundry rooms and storage units. Don't miss the opportunity to own a well-maintained, income generating property with a proven track record of success. 630-632 Alcazar St SE is poised to provide both steady returns and long-term appreciation.

ADDITIONAL INFORMATION

Incredible investment opportunity for this one story 4 unit property. Each unit is 2 bedrooms 1 bath with exceptional but improvable rents. 1 off street parking for each tenant plus on street parking. Current HUD guidelines have rents from $900-1144 for a 2/1. All units separately metered for electric and gas (tenant pays). Owner pays water, sewer, trash. The property is gated with a low maintenance yard. Call for lease information. Avg rent of $837.50 and $93,750 per unit $130.66 per sq/ft. Minimal expenses with current cap rate of 7.5%.

ADDITIONAL INFORMATION

Tired of the corporate grind? Are you ready to take control of your financial future?Introducing: A prime real estate investment opportunity! This three-unit triplex offers a stable income stream and the potential for significant returns.Key features:* Three rentable one-bedroom units* Modern amenities and comfortable living spaces* Insulated storage unit* Secured gated property* Ample parking for your future tenants* Estimated 9% Cap Rate for a lucrative investment* Washer/Dryer hookupsDon't miss out on this chance to become your own boss. Contact us today to schedule a viewing and learn more about this exceptional opportunity.

ADDITIONAL INFORMATION

Professionally managed income producing 4 plex. All units feature 2 bedrooms/1 bathroom. 3 units were updated before current owner purchased the property. Updates to Unit A & D include vinyl wood flooring, bedroom carpet, and matching appliances. Unit B is carpet throughout, vinyl wood flooring in bathroom and kitchen. Unit C has not been updated. All units are occupied established tenants. Each unit has its own RING doorbell and 1 camera on the building. The current tenants have access to their RING. 6 total parking spaces (current tenants have an assigned parking spot). Tenants have access to a large shared fenced in backyard.

ADDITIONAL INFORMATION

Buy N Hold Alert!!! Turn-KEY!!! Property is rented for $1157, $799, and $799 with one recently renewed for $925. Property has a 7-9% cap rate. Rents should be able to be increased. Tenants are seasoned and pay all utilities except water, sewer, and trash. NO HOA. The Property: MAJORITY of the units are Freshly painted with a lot of money put in!! Includes all the appliances. Sewer line recently replaced, with newer roof and hot-water heaters. EACH comes with its OWN BACKYARD, and designated parking. The Area: You won't believe the area as it's right next to the Eubank Center, The Downs Casino, Uptown Plaza, and in fact, it is a short distance to an I-40 entrance/ exit!Showings only permitted with offer.

ADDITIONAL INFORMATION

325 Charleston Street is a duplex with two 672-square-foot units located in the accessible southeast part of Albuquerque, NM. The units showcase a traditional stucco exterior, with a fenced patio and fenced rear yard, that embodies the classic Southwestern architectural charm. Each residence is independently metered for gas and electric, and there is 4 spaces of off-street parking. The property is strategically located near Kirtland Air Force Base, the Downs Casino, Expo New Mexico, Cesar Chavez Community Center, shopping, transit lines, restaurants, and much more! This area is surrounded by single family homes, multi-family, churches, parks, schools, and healthcare options too, with significant daily traffic flows of 18,200 vehicles per day on Zuni and 17,400 VPD on Louisiana Blvd.

ADDITIONAL INFORMATION

RENOVATION COMPLETE! Nestled in the heart of Albuquerque's vibrant International District, this duplex offers not just a residence, but a lifestyle tailored for both comfort & convenience. Each of the two units boasts 2 bedrooms, 1 bathroom, separate living rooms, large kitchens & W/D hookups too!. With a spacious layout of 788 square feet per unit, these homes are ideal for modern living. Tenants will appreciate the thoughtful amenities provided, including a covered patio and courtyard in front with a small but private backyard perfect for pets, children, or gardening enthusiasts. Off-street parking for up to 2 vehicles per unit ensures convenience for residents and visitors alike. Additionally, each unit is equipped with a storage room. >>>MORE>>>

ADDITIONAL INFORMATION

9% cap rate! New fencing and new stucco surface. TPO roof in some areas, still under warranty. . Low maintenance, no carpet. Units A and B, 209 and 211 have washer hookups. All units have stoves and refrigerators. Two four Plexes with courtyard. Get an 8-plex with the benefits of residential financing. Call broker for info. BOTH 4 plexes must be sold together. Seller financing avalable with substantial down payment.

ADDITIONAL INFORMATION

9% cap rate! New fencing and new stucco surface. TPO roof in some areas, still under warranty. . Low maintenance, no carpet. Some units have washer hookups. All units have stoves and refrigerators. Four-plex next door (209 Texas) also available, so could be eight-plex. Get an 8-plex with the benefits of residential financing. Call broker for info. BOTH 4 plexes must be sold together. Seller financing available with substantial down payment, at least 20%.

ADDITIONAL INFORMATION

12 unit apartment complex for sale! back to market! Price has been lowered $220K, motivated seller priced to sell! The property is turn-key with over $200K in capex put into the property. All of the major components have been replaced/updated. Property consists of 9 top to bottom rehabbed units, newer windows, roof, electric panels, exterior paint, all new AC units, and newer wall heaters as well. Property brings in a total of $8,420 in rent monthly and has low operational costs.

ADDITIONAL INFORMATION

Do not miss out on this rare value add opportunity to buy a renovated property with rents 29% below market and a below market interest rate loan with appraisal at $930,000 as-is today, and renovated, raised rents appraisal of $1,070,000). Rents have increased 6% this year and are scheduled to increase from $783 to $906 by November 1st, 2024.Measures of investment performance with an average rent of $783 and an ask price of $930,000 include $77,500 per unit , $122.47/sf, 6.91% cap rate, and an after tax IRR of 10.8%.This 12 unit community is located in an area of that has had major announcements of new employment. Couple that with the impact of the citywide expansion of Netflix, Facebook, Intel and Amazon and this property is well positioned to enjoy the forthcoming wave of appre

ADDITIONAL INFORMATION

Employment in this area is on a uphill trajectory due to the recent expansion of Netflix, Intel, Amazon and Northrop Grumman which recently moved into its new office building a few blocks away.Measures of investment performance at ask price of $963,138 and current average rent of $917 are a GRM of 8.75, a 5.98% cap rate, $96,314 per unit, $128.42/sf. Rents have increased 13.7% in the last year.If rents are raised to the market of $1,075, the measures of investment performance improve to a cap rate of 7.37%.The prior owner remodeled the property with new soffits, new windows, synthetic stucco, new solid laminate flooring, updated lighting, updated electrical, as well as replacing some of the hot water heaters, and new central forced air furnaces.