217 General Stilwell Street NE, Albuquerque, NM 87108
- $425,155
- 7
- BD
- 4
- BA
- 3,200
- SqFt
- List Price
- $425,155
- Status
- ACTIVE
- Days on Market
- 41
- MLS#
- 1109537
- Subtype
- Residential Income
- Year Built
- 1975
- Bedrooms
- 7
- Bathrooms
- 4
- Living Area
- 3,200
- Lot Size
- 7,492
- Acres
- 0.17
- Subdivision
- Waggoman Denison Addition
- Neighborhood
- Waggoman Denison Addition
- MLS Area Major
- Northeast Heights
Property Description
The property is strategically positioned near two of New Mexico's largest employment anchors, Kirtland Air Force Base and Sandia National Laboratories, providing convenient access to thousands of jobs in defense, technology, engineering and research. The area also benefits from proximity to Central Avenue, Interstate 40, Uptown Albuquerque, shopping, restaurantsand public transportation. Albuquerque continues to experience significant public and private investment, with expansion from Netflix, Meta, Intel, Amazon and other major employers strengthening the metro's economy and supporting continued housing demand. Priced below the market average for comparable fourplex sales, 217 General Stilwell offers investors an attractive basis, strongemployment fundamentals and long-term potential for appreciation and rent growth. Don't miss this opportunity to acquire a well-positioned multifamily investment in one of Albuquerque's established rental corridors. With a start price of $425,155 and an average rent of $918 the metrics of investment performance are a GRM 9.65, 7.28% caprate, IRR after tax 14.5%. This is the type of property that feels more like housing than apartments -- a feature many residents value.
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Additional Information
- Exterior Features
- Patio
- Taxes
- $2,932
- Zoning
- R-MH*
- Flooring
- Carpet, Laminate
- Appliances
- Free-Standing Gas Range, Refrigerator
- Heating
- Central
- Air Conditioning
- Evaporative Cooling
- Exterior Construction
- Stucco
- Stories
- 1
- Levels
- One
Mortgage Calculator
Listing courtesy of Anita Maestas from Maestas Real Estate Services
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.