316 Princeton Drive Se Albuquerque, NM 87106

12 Units
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$1,150,000 Est. $4,235 / mo.*
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Property Type: Multifamily
Status: Active
Year Built: 1977
Days on Website: 41

Courtesy of The M Real Estate Group.

Description

Currently a 6% Market Cap Opportunity in the heart of the University Area! Owner asking less than $96k/Unit!!! This complex offers 12 units; 6 (1 bedroom floor plans) & 6 (studio floor plans) each with patio space located in a single 2-story building with 18 covered parking spaces. Capital Improvements:Each unit has been updated with tile or laminate and mini-split units. Newer roof installed in 2023. All current rents are below market rents and present an investor with a potential 8.5% Cap if rents are brought up to current market pricing. INDIVIDUAL UNITS NOT FOR SALE.

Open House

Property Details and Features

  • Description: FreeStandingElectricRange,Refrigerator
  • Total Bathrooms: 1
  • Construction Materials: BoardAndBattenSiding,Frame
  • Levels: ThreeOrMore
  • Year Built: 1977
  • Details: Ductless,Refrigerated
  • Features: Lighting
  • Flooring: Laminate,Tile,Vinyl
  • Heating: Ductless
  • Days on Market: 40
  • Listing Price: 1150000
  • Status: Active
  • Address: 316 PRINCETON Drive SE
  • Area: 42 - UNM South
  • City: Albuquerque
  • State: NM
  • Zip: 87106
  • County: Bernalillo
  • Directions: Heading east on Central Ave, turn right onto Princeton Dr and head south, Continue on Princeton Dr SE past Lead Ave and property will be located on left-hand side of street at 316 Princeton Dr SE before reaching Coal Ave.
  • Acres: 0.16
  • Size: 0
  • Size Source: PublicRecords
  • Utilities: CableConnected,ElectricityConnected,NaturalGasConnected,SewerConnected,WaterConnected

Location

$1,150,000 - 316 Princeton Drive Se, Albuquerque, NM 87106
316 Princeton Drive Se Albuquerque, NM 87106
Address: 316 PRINCETON Drive SE

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