Absolute Investment Realty is the exclusive representative of this newly remodeled 4-plex multi-family investment opportunity located at 1241 Menaul Blvd. NE, in Albuquerque, NM. The property is located directly across Menaul from the Indian Pueblo Cultural Center mixed use development. This 100% leased 4-plex is part of a larger complex of 5 total 4-plexes, each individually platted and metered – Which can also be purchased (inquire with broker for more information).
After undergoing a complete remodel in 2018, the property is currently leased “introductory” lease rates averaging $756.25. Market lease rates for the trade area are estimated to be approximately $850 per month, giving the new owner of this property significant potential upside.
Because of its central city location, proximity to I-40, and shopping and dining options, this property is ideal for an investor looking for a property with stable income and upside.