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720 Truman Street NE

Albuquerque, NM 87110
  • $2,500,000
  • STATUS: Active
  • ON SITE: 31 Days
  • MLS #: 1033741
UPDATED: 24 min ago
$2,500,000
  • 2
    BEDS
  • 0.18
    ACRES
  • 1
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
40 - UNM
Type:
Multi-Family
Built:
1956
County:
Bernalillo
Area:
40 - UNM

School Ratings & Info

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Description

6.5% CAP RATE!!! Welcome to your fully renovated 15 unit apartment. This property has undergone a complete transformation, with new floors, windows, HVAC system, electrical, plumbing, and more. Everything has been updated so your tenants can enjoy a modern living experience. Plus, with a CAP rate of 6.5% at the asking price, you'll see a solid return on your investment. The property has been cashflowing since the renovations were completed, making this an excellent opportunity for any savvy investor. Whether you want to do long term tenants or Airbnb/corporate housing the opportunities are limitless. Don't miss out on the chance to own a turnkey property that is move-in ready for tenants!

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IDX information © 2023 The Southwest Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by The Southwest Multiple Listing Service or Carson & Carson | Keller Williams Santa Fe. Data last updated: 2023-06-05T11:05:21.013.
www.santafepropertyfinder.com/homes/139216130
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720 Truman Street NE Albuquerque, NM 87110

  • Price: $2,500,000
  • Status: Active
  • On Site: 31 Days
  • Updated: 24 min ago
  • MLS #: 1033741
2
Beds
1
Baths
0
½ Baths
0.18
Acres
1956
Built
Neighborhood:
40 - UNM
County:
Bernalillo
Area:
40 - UNM
Property Description
6.5% CAP RATE!!! Welcome to your fully renovated 15 unit apartment. This property has undergone a complete transformation, with new floors, windows, HVAC system, electrical, plumbing, and more. Everything has been updated so your tenants can enjoy a modern living experience. Plus, with a CAP rate of 6.5% at the asking price, you'll see a solid return on your investment. The property has been cashflowing since the renovations were completed, making this an excellent opportunity for any savvy investor. Whether you want to do long term tenants or Airbnb/corporate housing the opportunities are limitless. Don't miss out on the chance to own a turnkey property that is move-in ready for tenants!
Exterior Features

Construction Materials BlockFrameMasonry Exterior Features LightingPatio Levels One Patio And Porch Features Patio

Interior Features

Appliances DryerDishwasherFreestandingelectricrangeFreestandinggasrangeMicrowaveRefrigeratorWasher Basement YN No Cooling CentralairDuctlessCeilingfans Cooling YN Yes Electric None Flooring Vinyl Heating CentralDuctlessForcedair Heating YN Yes Interior Features Ceilingfans Laundry Features WasherhookupDryerhookupInunit

Property Features

Accessibility Features None Builder Name Unknown Community Features Patio Listing Agreement Exclusiverighttosell Listing Terms CashConventional New Construction YN No Property Condition Resale Property Sub Type Multifamily Tax Annual Amount 5508.92 Tenant Pays OtherSeeremarks Utilities CableavailableElectricityconnectedNaturalgasconnectedPhoneavailableSewerconnectedWaterconnected Zoning Description R-Mh*

Southwest MLS] logo Listing courtesy of Re/Max Exclusive: (505) 833-1400. © 2023 Southwest Multiple Listing Service, Inc.


IDX information © 2023 The Southwest Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by The Southwest Multiple Listing Service or Carson & Carson | Keller Williams Santa Fe. Data last updated: 2023-06-05T11:05:21.013.
 
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