Marjorie Martin
REALTOR®
BEDS4
BATHS
SQUARE FEET3,060
MLS#1099819
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONDennison Add
Property Description
This four-unit apartment building offers a strong investment opportunity with a current 9.24% cap rate at full asking price. The property features four residential 1 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. Located in an established rental area surrounded by other multifamily properties. Ideal for investors seeking the potential of immediate cash flow. Do NOT disturb tenants. Walkthrough will not be permitted until Earnest Money is delivered to Title. Property is sold in AS IS Condition.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Evaporative Cooling
Heating: Forced Air
Lot Size: 0.17 Acres
Stories: 1.0
Taxes: $2,164
Year Built: 1956
Feature Descriptions
Appliances: Free-Standing Electric Range, Refrigerator
Days on Site: 43
Flooring: See Remarks
Parcel#: 102005708208030909
Units: 4
Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Listed By / Shown By
Listed By
Agency Name: Keyway Properties, Inc
Agency Phone: (505) 903-2040
Shown By
Agent Name: Marjorie Martin
Agent Phone: (505) 301-7215
Agency Title: Coldwell Banker Legacy
Estimate Your Payment
Estimated Payment
$ 1,086.54 per month $801.20 Principal & Interest $180.33 Property Tax $105.00 Homeowner's InsuranceChange Payment Information
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123 General Arnold Street Ne | MLS# 1099819
This multi-family property located at 123 General Arnold Street Ne, Albuquerque, NM 87123 is currently listed for sale with an asking price of $360,000. Search Albuquerque real estate on mmartin.cblegacy.com today.