Bought with Deacon Property Services
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2 Beds
1 Bath
3,852 SqFt
Key Details
Sold Price -
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,852 sqft
Subdivision Recent Replat, See Listing Broker
MLS Listing ID 1099257
Sold Date -
Bedrooms 2
Construction Status Resale
HOA Y/N No
Year Built 1930
Annual Tax Amount $614
Lot Size 0.440 Acres
Acres 0.44
Lot Dimensions Public Records
Property Sub-Type Multi Family
Property Description
2129 Edna NW presents a rare opportunity to acquire a six-unit multifamily property in immediate proximity to Albuquerque's historic Old Town Plaza. This walkable infill location places the asset steps from over 100 retail and restaurant establishments, as well as Sawmill Market, museums, and major cultural amenities.The property consists of six one-bedroom units totaling approximately 3,850 square feet on A+/-0.19 acres. It is being offered at $351,204, representing an attractive basis of approximately $58,500 per unit within a highly desirable submarket.The asset has been family-held for decades and requires substantial renovation. Current average rents are approximately $638 per unit, producing a modest in-place return. However, the investment thesis centers on repositioning.
Location
State NM
County Bernalillo
Area 80 - Downtown Area
Interior
Heating Central
Cooling Evaporative Cooling, Multi Units
Flooring Carpet, Vinyl
Fireplace No
Appliance Refrigerator
Exterior
Community Features Storage Facilities
Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Accessibility None
Building
Story 1
Entry Level One
Level or Stories One
New Construction No
Construction Status Resale
Others
Tax ID 101305806636021289
Acceptable Financing Cash, Conventional
Green/Energy Cert None
Listing Terms Cash, Conventional
Financing Conventional
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