Property Description

Great Investment Opportunity - Fourplex!Well-maintained fourplex featuring four units, each offering 2 bedrooms and 1 bathroom. The property is 100% occupied, generating $4,175 in monthly rental income ($50,100 annually). The TPO roof and stucco are approximately 6 years old, and the property is in good overall condition.At a $450,000 asking price, the property offers a projected 5.79% cap rate with a 5% vacancy allowance, or 7.06% assuming full occupancy throughout the year, based on seller-provided operating expenses.Excellent opportunity for investors seeking an income-producing multifamily property in Albuquerque's Uptown area.Financial figures are estimates based on seller-provided information and are subject to buyer verification. Please see documents.

Property Features