304-308 Pennslvania Street NE, Albuquerque NM, 87108
(Pending)
$945,000
|
2 beds, 1 baths
|
MLS# 1058913
Last Updated: 4/27/2024 2:54 PM
Description for
304-308 Pennslvania Street NE
Albuquerque, NM 87108
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.
Price
$945,000
La Mesa
Bernalillo
2
1
1058913
Pending
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.
Listing Information
| Property Type: Multi-Family, 2 Story | ||
| 2 | 1 | |
| 0.37 Acres | 1980 | 2 |
| Frame | ||
La Mesa
Natural Gas Available, Cable Available, Electricity Connected, Natural Gas Connected, Water Connected
Neighborhood
Room Information
Laundry Room, Washer Hookup, Electric Dryer Hookup, In Unit
Interior Features
Free-Standing Electric Range, Refrigerator
Tile, Carpet
Evaporative
Other,
Forced Air, Central
Exterior / Lot Features
Frame
R-ML*
Lighting
Driving Directions
From Central, North on Pennsylvania St NE. Property is on the East side of road.
Financial Considerations
| Not Available |
| $5,596 |
Cash, Conventional
Listing Price History
Albuquerque Real Estate
Albuquerque is located in New Mexico. Albuquerque, New Mexico 87108 has a population of 572,777.
The median household income in Albuquerque, New Mexico 87108 is $32,346. The median household income for the surrounding county is $56,090 compared to the national median of $66,222. The median age of people living in Albuquerque 87108 is 38 years.
Data provided below are primarily sourced from Public Records data.
Nearby Recent Sales (Sourced from Public Records)
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Price History
| Date | Event | Price | Source |
|---|---|---|---|
| 4/22/2024 | Pending | $945,000 USD |
|
| 3/15/2024 | Active | $945,000 USD |
|