309-313 Geraldine Loop SE, Rio Rancho, NM 87124
- $1,030,000
- 2
- BD
- 8
- BA
- 6,684
- SqFt
- List Price
- $1,030,000
- Status
- ACTIVE
- Days on Market
- 21
- MLS#
- 1107082
- Subtype
- Residential Income
- Year Built
- 1980
- Bedrooms
- 2
- Bathrooms
- 8
- Living Area
- 6,684
- Lot Size
- 24,829
- Acres
- 0.57
- Subdivision
- Star Heights 2
- Neighborhood
- Star Heights 2
- MLS Area Major
- Rio Rancho MiD
Property Description
Prime Multi-Family Investment Opportunity in Rio Rancho!Discover this rare investment consisting of two separately parceled 4-plex buildings offered for sale together. These eight well-maintained 2-bedroom, 1-bath units are currently occupied by long-standing tenants, delivering immediate, stable income with strong upside potential. Located in a high-demand rental market where quality multi-family properties are extremely difficult to find, this portfolio offers a turnkey solution for the savvy investor. The units are clean, functional, and have been thoughtfully cared for, resulting in reliable cash flow and minimal deferred maintenance.Don't miss this exceptional chance to acquire a performing 8-unit asset in one of the area's most desirable locations.
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Additional Information
- Exterior Features
- Lighting
- Taxes
- $3,716
- Zoning
- R-3
- Flooring
- Carpet
- Appliances
- Dishwasher, Refrigerator
- Heating
- Central, Forced Air
- Air Conditioning
- Evaporative Cooling
- Exterior Construction
- Frame, Stucco
- Stories
- 2
- Levels
- Two
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Listing courtesy of Michael Schlichte from Absolute Real Estate
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.