Incredible investment opportunity for this one story 4 unit property. Each unit is 2 bedrooms 1 bath with exceptional but improvable rents. 1 off street parking for each tenant plus on street parking. Current HUD guidelines have rents from $900-1144 for a 2/1. All units separately metered for electric and gas (tenant pays). Owner pays water, sewer, trash. The property is gated with a low maintenance yard. Call for lease information. Avg rent of $837.50 and $93,750 per unit $130.66 per sq/ft. Minimal expenses with current cap rate of 7.5%.
$375,000
508 Alcazar St SE, Albuquerque, NM 87108
| Multi Family | Built in 1945 | 2870 SQFT |
| 4 Bedrooms | 2 Bathrooms | $131/sqft |