304-308 Pennslvania Street Ne Albuquerque, NM 87108

10 Units
Property Type: Multifamily
Status: Pending
Year Built: 1980
Neighborhood: La Mesa
Days on Website: 45

Courtesy of Realty One of New Mexico.

Description

Welcome to this exceptional investment opportunity in Albuquerque! We are proud to present a well-maintained 10-unit multifamily property offering affordable housing solutions. This property offers an opportunity for a reliable stream of rental income fulfilling a vital community need through the Section 8 housing program. Socially conscious investors provide much-needed 2-bed units with 850 SQFT layouts, with its own w/d hookups. SECT 8 housing provides stability & direct deposit of rent payments. Current rents are 50% below SECT 8 rates with current leases all at month to month. Viewing the property is available AFTER an accepted offer. Current tenants have rights. Secure your investment in this lucrative opportunity.

Open House

Property Details and Features

  • Description: FreeStandingElectricRange,Refrigerator
  • Total Bathrooms: 2
  • Construction Materials: Frame
  • Levels: Two
  • Year Built: 1980
  • Details: EvaporativeCooling
  • Features: Lighting
  • Flooring: Carpet,Tile
  • Heating: Central,ForcedAir
  • Description: WasherHookup,DryerHookup,ElectricDryerHookup,InUnit
  • Days on Market: 36
  • Listing Price: 945000
  • Status: Pending
  • Address: 304-308 Pennslvania Street NE
  • Area: 70 - Fairgrounds
  • City: Albuquerque
  • State: NM
  • Zip: 87108
  • County: Bernalillo
  • Subdivision: La Mesa
  • Directions: From Central, North on Pennsylvania St NE. Property is on the East side of road.
  • Acres: 0.37
  • Size: 0
  • Size Source: PublicRecords
  • Utilities: CableAvailable,ElectricityConnected,NaturalGasConnected,WaterConnected