126 Altez ST NE, Albuquerque, NM 87123
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The Team

The Team

+1(505) 750-0030
Listed by Keyway Properties, Inc
$ 365,000
Est. payment /mo
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126 Altez ST NE Albuquerque, NM 87123

6 Beds

3 Baths

3,072 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,072 sqft

Price per Sqft $118

Subdivision Buena Ventura

MLS Listing ID 1107596

Bedrooms 6

Construction Status Resale

HOA Y/N No

Year Built 1977

Annual Tax Amount $1,492

Lot Size 8,276 Sqft

Acres 0.19

Lot Dimensions Public Records

Property Sub-Type Quadruplex

Property Description

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.

Location

State NM

County Bernalillo

Area 50 - Northeast Heights

Interior

Heating Central

Cooling Evaporative Cooling

Flooring Vinyl

Fireplace No

Appliance Refrigerator

Exterior

Community Features Storage Facilities

Utilities Available Electricity Connected, Natural Gas Connected, Water Connected

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Construction Status Resale

Others

Tax ID 102005734304640324

Acceptable Financing Cash, Conventional, FHA, VA Loan

Green/Energy Cert None

Listing Terms Cash, Conventional, FHA, VA Loan

Southwest MLS (SWMLS IDX Plus)
The Team

The Team

The Team

+1(505) 750-0030

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126 Altez ST NE