123 General Arnold Street NE, Albuquerque, NM 87123
Dennison Add · Bernalillo County
Key Facts
Description
This four-unit apartment building offers a strong investment opportunity with a current 9.24% cap rate at full asking price. The property features four residential 1 bed, 1 bath units. Most tenants are supported by subsidized housing programs, providing stable and consistent rental income. Utilities are currently included in the rent with those tenants; however, the building is equipped with individual gas and electric meters, offering future ownership the option to separate utilities. Located in an established rental area surrounded by other multifamily properties. Ideal for investors seeking the potential of immediate cash flow. Do NOT disturb tenants. Walkthrough will not be permitted until Earnest Money is delivered to Title. Property is sold in AS IS Condition.
Property Information
Property Type
Residential Income
Sub-Type
Multi Family
Year Built
1956
Stories
1
Living Area
3,060 sq ft
Lot Size
0.17 acres
Days on Market
129
MLS® Listing#
1099819
Property Features
Appliances
Cooling
Heating
Flooring
Utilities
Financial Details
Annual Taxes
$2,165
Parcel Number
102005708208030909
Directions
Located nearest the intersection of Wyoming and Central
Affordability Calculator
$70,000
Estimated monthly payment
$1,863/mo
Principal $280,000 · Est. interest $390,625 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Albuquerque, NM
- $406,579
- Median Listing Price
- 45
- Median Days on Market
- 1,943
- Median Sq Ft
- $222
- Median Price / Sq Ft
- 1,285
- Active Listings
- This home’s price is 14% below the area median.
- Its price per sq ft is 48% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Albuquerque, NM.
Location
Points of Interest in Albuquerque, NM
Showing the Albuquerque area map.
Nearby Schools
Cornerstone Christian Academy
School · 0.4 mi away
Hawthorne Elementary School
Elementary · 0.4 mi away
BK Taiko
School · 0.7 mi away
All Seasons Day School
Elementary · 0.9 mi away
Sandia Base Elementary School
Elementary · 0.9 mi away
La Mesa Elementary School
Elementary · 0.9 mi away
Our Lady of the Assumption Catholic School- Albuquerque, NM
Secondary · 1.0 mi away
Vision Quest Alt Middle
Elementary · 1.1 mi away
Hayes Middle School
Secondary · 1.1 mi away
Grant Middle School
Secondary · 1.2 mi away
Van Buren Middle School
Secondary · 1.2 mi away
Alice King Community School
Elementary · 1.2 mi away
New Mexico School for the Blind & Visually Impaired
Elementary · 1.3 mi away
Gilbert L. Sena Charter High School
Secondary · 1.3 mi away
Tomasita Elementary School
Elementary · 1.4 mi away
Emerson Elementary School
Elementary · 1.4 mi away
Our Montessori School
Elementary · 1.4 mi away
Kennedy Middle School
Secondary · 1.4 mi away
Wherry Elementary School
Elementary · 1.4 mi away
La Petite Academy
School · 1.5 mi away
Commute Calculator
Nearby Homes
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Similar Home Values
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|---|---|---|---|---|
| 8116 Kathryn Avenue SE, Albuquerque, NM | $245,000 | 3 | 1 | 875 |
| 5801 Lowell Street NE 24B, Albuquerque, NM | $249,000 | 3 | 2 | 1,197 |
| 416 Kentucky Street SE, Albuquerque, NM | $249,900 | 4 | 3 | 1,584 |
| 4203 Axtell Street SE, Albuquerque, NM | $250,000 | 3 | 2 | 1,178 |
| 4701 Morris Street NE 3503, Albuquerque, NM | $250,000 | 3 | 3 | 1,347 |
| 4701 Morris Street NE APT 703, Albuquerque, NM | $250,000 | 3 | 3 | 1,290 |
Moving Cost Estimate
EXIT Agents in Albuquerque
Listing Courtesy: Keyway Properties, Inc - 5059032040