1216 Coal Avenue SW - 1218, Albuquerque, NM 87102
- $575,000
- 4
- BD
- 4
- BA
- 3,000
- SqFt
- List Price
- $575,000
- MLS#
- 1109687
- Property Type
- Multifamily
- Bedrooms
- 4
- Bathrooms
- 4
- Sqft. of Residence
- 3,000
- Lot Size
- 7,013
- Region
- Downtown Area
- Status
- ACTIVE
Property Description
CHECK THIS OUT- FOURPLEX a great Downtown Investment Opportunity! The property features four one bedroom - one bath units with small private patios. Rents are currently below market with 3 longtime tenants on mo to mo leases. MANY CAPITAL IMPROVEMENTS - see documents for list. Units are in average cosmetic condition. This property offers exceptional convenience and appeal to tenants...just blocks from downtown cafes & restaurants, the bustling farmers market, the historic charm of Old Town,.Downtown , Tingley Beach, Rio Grande Pool & Park, Zoo and ACC. Offering bike access to the extensive trail system along the Rio Grande Bosque this 4-plex is a great investment at $143,750/unit. ABQ apartments still show appreciation while offering rent growth potential from entities such as Amazon, Facebook and Netflix Whether you're seeking a steady income stream or a versatile rental investment this fourplex combines location, updates, and strong rental history in one compelling package.
Additional Information
- County
- Bernalillo
- Subdivison
- Downtown Zoo Acc
- Acres
- 0.16
- Interior Features
- Ceiling Fan(s)
- Exterior Features
- Patio
- Appliances
- Free-Standing Gas Range, Refrigerator, Range Hood
- Construction
- Block, Concrete
- Cooling
- Refrigerated, Ceiling Fan(s)
- Flooring
- Wood
- Heating
- Forced Air
- Owner Pays
- Sewer, Trash Collection, Water
- Utilities
- Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
- Zoning
- R-ML*
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Listing courtesy of RE/MAX SELECT.
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.