If you’re looking to expand your investment portfolio, then this New Mexico investment property for sale is definitely worth considering. This four-plex has been operating as a month-to-month rental and has an excellent income record. The current CAP rate is 7.9%, and the average rent per unit is $1520 per month. With three of the four units coming furnished and having been remodeled, this property is turnkey and ready for you to start earning income.
Unit C currently has a long-term tenant who is on a month-to-month lease, which provides an excellent opportunity for you to renovate the unit and increase the income even more. This property’s convenient location in Abq Uptown also provides great upside potential, making it a smart investment choice.
The great thing about this investment property is that there is still room to grow the already excellent income. With a little bit of effort, you can increase the rent even further and maximize your returns. Whether you’re an experienced investor or just starting, this property provides an excellent opportunity to take your investment portfolio to the next level.
When it comes to investing in real estate, location is everything, and this New Mexico investment property ticks all the right boxes. Abq Uptown is a highly desirable location, which means that you’ll always have a steady stream of tenants looking to rent your units. Plus, the area is close to many amenities, making it an attractive option for renters.
If you’re ready to take your investment portfolio to the next level, then this New Mexico investment property for sale is definitely worth considering. With its excellent income record, convenient location, and potential for growth, this property is a smart investment choice that will provide you with a steady stream of income for years to come.
908 Alcazar NE, Albuquerque, NM 87710