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Multifamily

421 Tennessee St NE

421 Tennessee St NE, Albuquerque, NM 87108

Listing Price: $227,000

Cap Rate
7.00%
Number of Units
3
Occupancy
100.0%
Price/Unit
$75,667
Price/Gross SF
$93.26
Gross SF
2,434

Investment Overview

Marcus & Millichap is pleased to present 421 Tennessee St NE, Albuquerque, NM 87108. The 2,434 square foot apartment building has been fully rented to long term tenants. The low unit count and renovations make this an easy to manage cash flow investment. The property was originally built in 1963 consisting of 3, 2 bed and 1 bath units. Each unit includes a shared yard space, washer/dryer hook ups, separately metered gas/electric, new roof in 2020, ceramic tile in living room, kitchen, bathrooms and some bedrooms, perimeter security fence and new paint. Landlord currently pays all utilities. There is an opportunity to increase cash flow through rent and transferring utilities to tenants.

Investment Highlights

  • Fully Occupied
  • Washer/Dryer Hook-Ups in Unit
  • New Roof, Ceramic Tile and New Paint

Exclusively Listed By

Listing Price: $227,000

Cap Rate
7.00%
Number of Units
3
Occupancy
100.0%
Price/Unit
$75,667
Price/Gross SF
$93.26
Gross SF
2,434

Investment Highlights

  • Fully Occupied
  • Washer/Dryer Hook-Ups in Unit
  • New Roof, Ceramic Tile and New Paint

Investment Overview

Marcus & Millichap is pleased to present 421 Tennessee St NE, Albuquerque, NM 87108. The 2,434 square foot apartment building has been fully rented to long term tenants. The low unit count and renovations make this an easy to manage cash flow investment. The property was originally built in 1963 consisting of 3, 2 bed and 1 bath units. Each unit includes a shared yard space, washer/dryer hook ups, separately metered gas/electric, new roof in 2020, ceramic tile in living room, kitchen, bathrooms and some bedrooms, perimeter security fence and new paint. Landlord currently pays all utilities. There is an opportunity to increase cash flow through rent and transferring utilities to tenants.

Exclusively Listed By

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