426 Towner Avenue NW, Albuquerque, NM 87102
- $565,000
- 6
- BD
- 6
- BA
- 3,191
- SqFt
- List Price
- $565,000
- Status
- ACTIVE
- Days on Market
- 239
- MLS#
- 1095527
- Subtype
- Residential Income
- Year Built
- 1946
- Bedrooms
- 6
- Bathrooms
- 6
- Living Area
- 3,191
- Lot Size
- 10,454
- Acres
- 0.24
- Subdivision
- Towner Add
- Neighborhood
- Towner Add
- MLS Area Major
- Near North Valley
Property Description
Turnkey 6-plex in Albuquerque's Near North Valley--three separate structures with two units each, professionally managed and fully stabilized and occupied for predictable performance. Property has a history of low vacancy rate and high demand. Clean, well-kept residences offer private entries and practical layouts that attract long-term tenants and minimize turnover. Solid metrics strengthen the case: CAP 6.06%, GRM 9.53, IRR 13.40% (per owner's pro forma). Rent/unit under $100k, under most comps. Each unit is separately metered for gas and electric. Close to employment, transit, and amenities, this location supports steady demand and market-rate rent growth. A great price for $34,214 NOI--ideal for investors seeking reliable cash flow with low day-to-day involvement.
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Additional Information
- Taxes
- $2,181
- Zoning
- MX-M*
- Flooring
- Carpet, Tile, Vinyl
- Appliances
- Free-Standing Gas Range, Range Hood
- Heating
- Wall Furnace
- Air Conditioning
- Window Unit(s)
- Exterior Construction
- Block, Frame
- Stories
- 1
- Levels
- One
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Listing courtesy of Peter A Cochran from Weichert, Realtors Image
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