304-308 Pennslvania Street NE, Albuquerque, NM 87108

$945,000
2
BD
1
BA
List Price
$945,000
MLS#
1058913
Property Type
Multifamily
Bedrooms
2
Bathrooms
1
Lot Size
16,204
Region
Fairgrounds
Status
PENDING

Property Description

Welcome to this exceptional investment opportunity in Albuquerque! We are proud to present a well-maintained 10-unit multifamily property offering affordable housing solutions. This property offers an opportunity for a reliable stream of rental income fulfilling a vital community need through the Section 8 housing program. Socially conscious investors provide much-needed 2-bed units with 850 SQFT layouts, with its own w/d hookups. SECT 8 housing provides stability & direct deposit of rent payments. Current rents are 50% below SECT 8 rates with current leases all at month to month. Viewing the property is available AFTER an accepted offer. Current tenants have rights. Secure your investment in this lucrative opportunity.

Additional Information

County
Bernalillo
Subdivison
La Mesa
Acres
0.37
Exterior Features
Lighting
Appliances
Free-Standing Electric Range, Refrigerator
Construction
Frame
Cooling
Evaporative Cooling
Flooring
Carpet, Tile
Heating
Central, Forced Air
Utilities
Cable Available, Electricity Connected, Natural Gas Connected, Water Connected
Zoning
R-ML*

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Realty One of New Mexico.

Some of the information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers’ personal, non-commerical use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.