Albuquerque NM Multi Family for Sale
$1,650,000
24 Matisse Road Albuquerque, NM 87123
- Type:
- Multi-Family
- Sq.Ft.:
- 9,950
- Status:
- Active
- Beds:
- 3
- Lot size:
- 10.71 Acres
- Year built:
- 1946
- Baths:
- 4.00
- MLS#:
- 1072898
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Courtesy: Mazzola Inc RealEstate and Ren
505-281-9177
505-730-5232
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
- Type:
- Fourplex
- Sq.Ft.:
- 3,928
- Status:
- Active
- Beds:
- 2
- Lot size:
- 0.22 Acres
- Year built:
- 1980
- Baths:
- 1.00
- MLS#:
- 1071142
- Subdivision:
- Dorado Skies Subdivision
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Courtesy: NM Apartment Advisors, Inc.
505-440-8633
505-440-8633
ADDITIONAL INFORMATION
Each unit contains a large two bedroom, one bathroom unit with fireplace and washer/dryer connections. Downstairs units have a private backyard area.The site offers an abundance of off-street and on-street parking and is very visible due to its elevation over the other buildings in the area.A recently vacated unit is available for an owner-occupant and features brand new refrigerator, stove and dishwasher.At the current average rents of $863, and an ask price of $428,763 the measures of investment performance include a price per unit of $107,191, price per square foot of $109.16, a GRM of 10.36, an after reserves cap rate of 5.89%.If rents are raised to the market average of $1,200, the measures of investment performance improve to a before reserves cap rare of 8.74%.
- Type:
- Fourplex
- Sq.Ft.:
- 3,000
- Status:
- Active
- Beds:
- 2
- Lot size:
- 0.22 Acres
- Year built:
- 1977
- Baths:
- 2.00
- MLS#:
- 1070313
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Courtesy: Maddox & Co/REALTORS
505-764-0400
505-228-0292
ADDITIONAL INFORMATION
Four-plex in Chelwood Park area. Large 2 bedroom 1.75 bath units with private yards, washer/dryer hook ups, eat in kitchens and off street parking. Long term tenants in place. Cosmetic updates to flooring and vanities can improve rents. Seller has priced it accordingly for Buyer to start having immediate rental income with room for future improvement and rental increases. Central heating and cooling. Individual gas and electric meters. DO NOT DISTURB TENANTS OR WALK PROPERTY. Offer Subject to Inspection.
- Type:
- Fourplex
- Sq.Ft.:
- 3,000
- Status:
- Active
- Beds:
- 2
- Lot size:
- 0.17 Acres
- Year built:
- 1978
- Baths:
- 1.00
- MLS#:
- 1070279
View additional info
Courtesy: Colliers International
505-883-7676
505-250-8830
ADDITIONAL INFORMATION
Property has three vacant units. Seller has agreed to credit Buyer $25,000 for renovation / repairs at closing. Parking lot and roof needs to be replaced. Laundry room is in need of renovation.
- Type:
- Fourplex
- Sq.Ft.:
- 3,264
- Status:
- Active
- Beds:
- 2
- Lot size:
- 0.3 Acres
- Year built:
- 1978
- Baths:
- 1.00
- MLS#:
- 1065089
View additional info
Courtesy: Mallory Realty & Investments
505-883-3797
505-883-3797
ADDITIONAL INFORMATION
Great investment opportunity to add to your portfolio for the experienced investor or for an investor new to the market. 3 units currently leased. DO NOT DISTURB TENANTS.
- Type:
- Fourplex
- Sq.Ft.:
- 3,596
- Status:
- Active
- Beds:
- 2
- Lot size:
- 0.18 Acres
- Year built:
- 1979
- Baths:
- 1.00
- MLS#:
- 1062290
- Subdivision:
- Copperwood Manzano Manor
View additional info
Courtesy: NM Apartment Advisors, Inc.
505-440-8633
505-440-8633
ADDITIONAL INFORMATION
The property contains four, large two-story townhouse style apartment homes with bedrooms upstairs, flexible living areas, and large kitchens downstairs. All units include spacious utility closets for extra storage w/ full size washer / dryer sets included. They also feature unique, very private backyards and patio spaces. Three of the four units have been significantly updated in the last few years with vinyl plank flooring and newer fixtures and finishes. Units C and D boast an additional 1/2 bathroom downstairs with more recent contemporary updates including granite tile counters in the kitchens and updated bathrooms. Review flyer and info for Sellers concessions to buyer to buy down the interest rate closer to 4.99%
The data relating to real estate for sale on this web site comes in part from the IDX Program of the Southwest Multiple Listing Service Inc., a wholly owned subsidiary of the Greater Albuquerque Association of REALTORS®, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2024 Southwest Multiple Listing Service, Inc.
Albuquerque Real Estate
The median home value in Albuquerque, NM is $308,100. This is higher than the county median home value of $297,600. The national median home value is $338,100. The average price of homes sold in Albuquerque, NM is $308,100. Approximately 56.14% of Albuquerque homes are owned, compared to 37.24% rented, while 6.62% are vacant. Albuquerque real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Albuquerque real estate agent to arrange a tour today!
Albuquerque, New Mexico 87123 has a population of 562,336. Albuquerque 87123 is more family-centric than the surrounding county with 26.99% of the households containing married families with children. The county average for households married with children is 25.49%.
The median household income in Albuquerque, New Mexico 87123 is $56,366. The median household income for the surrounding county is $56,920 compared to the national median of $69,021. The median age of people living in Albuquerque 87123 is 37.5 years.
Albuquerque Weather
The average high temperature in July is 91.8 degrees, with an average low temperature in January of 23.5 degrees. The average rainfall is approximately 11.1 inches per year, with 10.6 inches of snow per year.