401 Vermont ST NE new Save Request In-Person Tour Request Virtual Tour
Albuquerque,NM 87108
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,719 sqft
Price per Sqft $143
Subdivision Mesa Verde Addition
MLS Listing ID 1094694
Bedrooms 1
Construction Status Resale
HOA Y/N No
Year Built 1958
Annual Tax Amount $3,457
Lot Size 6,969 Sqft
Acres 0.16
Lot Dimensions Appraiser
Property Sub-Type Quadruplex
Property Description
Exceptional 4plex offers an immediate, low-management cash flow stream with significant upside potential. 100% Occupancy with stable, reliable tenants who have expressed a strong desire to remain. Current rents are below market, providing an achievable rent increase strategy to boost the Cap Rate and overall ROI. Structured as tenant-paid utilities, minimizing landlord operating expenses and maximizing NOI. New sewer lines and a durable TPO membrane roof. Each unit offers highly desirable features including a small backyard and dedicated off-street parking, enhancing tenant retention. Strategically positioned near major economic and entertainment hubs with easy access to I-40. Showings will only be scheduled after an executed purchase agreement, and are subject to tenant availability.
Location
State NM
County Bernalillo
Area 70 - Fairgrounds
Interior
Heating Wall Furnace
Cooling Evaporative Cooling
Flooring Laminate, Vinyl
Fireplaces Type Option
Fireplace No
Appliance Free-Standing Gas Range,Disposal,Refrigerator,Range Hood
Exterior
Exterior Feature Lighting, Patio
Community Features Patio
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Accessibility None
Porch Patio
Building
Story 1
Entry Level One
Level or Stories One
New Construction No
Construction Status Resale
Others
Tax ID 1-019-057-438-271-1-05-02
Acceptable Financing Cash,Conventional,FHA,VA Loan
Green/Energy Cert None
Listing Terms Cash,Conventional,FHA,VA Loan