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.
Listed By
Agency Name: Keyway Properties, Inc
Agency Phone: (505) 903-2040
Shown By
Agent Name: Sarah Hill
Agent Phone: (505) 259-4933
Agency Title: Coldwell Banker Legacy
Estimated Payment
$ 1,068.30 per month $834.59 Principal & Interest $124.33 Property Tax $109.38 Homeowner's InsuranceCONTACT ME
Sarah Hill
126 Altez Street Ne | MLS# 1099820
This multi-family property located at 126 Altez Street Ne, Albuquerque, NM 87123 is currently listed for sale with an asking price of $375,000. Search Albuquerque real estate on shill.cblegacy.com today.