123 General Arnold Street NE, Albuquerque, NM 87123
- $350,000
- 4
- BD
- 4
- BA
- 3,060
- SqFt
- List Price
- $350,000
- Status
- ACTIVE
- Days on Market
- 148
- Price Change
- ▼ $10,000 1784588881
- MLS#
- 1099819
- Subtype
- Residential Income
- Year Built
- 1956
- Bedrooms
- 4
- Bathrooms
- 4
- Living Area
- 3,060
- Lot Size
- 7,492
- Acres
- 0.17
- Subdivision
- Dennison Add
- Neighborhood
- Dennison Add
- MLS Area Major
- Northeast Heights
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.
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Additional Information
- Taxes
- $2,164
- Zoning
- MX-T*
- Flooring
- See Remarks
- Appliances
- Free-Standing Electric Range, Refrigerator
- Heating
- Forced Air
- Air Conditioning
- Evaporative Cooling
- Stories
- 1
- Levels
- One
Mortgage Calculator
Listing courtesy of Angelo Mora from Keyway Properties, Inc
Some of the information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers’ personal, non-commerical use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.