Homes for sale - 401 Vermont ST NE, Albuquerque, NM 87108

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Tracy Highspencer

tracy@abqliving.realestate +1(505) 934-1646

Listed by Real Broker, LLC

$ 389,000

Est. payment | -/mo

1 Bed

1 Bath

2,719 SqFt

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$ 389,000

Est. payment | -/mo

Save

1 Bed

1 Bath

2,719 SqFt

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

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Tracy Highspencer

REALTOR® | Lic# 41482

tracy@abqliving.realestate

+1(505) 934-1646

811 Silver Ave SW, Albuquerque, NM, 87102, USA

401 Vermont ST NE Albuquerque, NM 87108

Tracy Highspencer

Key Details

Location

Interior

Exterior

Building

Others

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401 Vermont ST NE