100% Leased 4-Plex in Desirable North Valley

For Sale

 

Location Map
  • Brokers:
    Name
    Tosh Hoshino
    Email
    tosh@go-absolute.net
    Phone
    5058030387
    Name
    Alfredo Barrenechea
    Email
    alfredo@go-absolute.net
    Phone
    505-401-0135
  • Address: 1241 Menaul Blvd. NW, Albuquerque, NM 87107
  • Property Status: Active
  • Sale Pricing: $399,786
  • Property Information:
    Cap Rate
    6.50%
    Size
    +/- 0.1851 Acres
    Property Type
    Investment
    Number of Spaces
    4
    Property Description:

    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.

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