2616 Muriel Street Ne, Albuquerque, NM 87112

    $500,000
    • 2616 Muriel Street Ne, Albuquerque, NM 87112 Main Photo

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    Active
    BEDS3 BATHS SQUARE FEET3,003 MLS#1103865
    STATUSActive PROPERTY TYPEMulti Unit - Multiple

    Property Description

    2616 Muriel St. NE offers investors a strong value-add opportunity with a 5.82% acquisition cap rate and a projected 6.08% pro forma cap rate. Current rents remain approximately 8.5% below market, providing additional upside potential for future ownership. The property features washer/dryer hookups in every unit and benefits from a recently replaced roof in 2022, helping reduce near-term capital expenses. Located in Albuquerque's established Northeast Heights rental market, the property offers stable tenant demand and long-term investment appeal. Seller financing is available.

    2616 Muriel Street Ne | MLS# 1103865

    This multi-family property located at 2616 Muriel Street Ne, Albuquerque, NM 87112 is currently listed for sale with an asking price of $500,000. Search Albuquerque real estate on gdellamaggiora.cblegacy.com today.

    Property Features

    Property Type: Multi Unit - Multiple
    Cooling: Evaporative Cooling
    Heating: Central, Forced Air
    Lot Size: 0.18 Acres
    Stories: 1.0
    Taxes: $3,906
    Year Built: 1978

    Amenities

    Patio

    Feature Descriptions

    Appliances: Dishwasher, Free-Standing Gas Range, Microwave, Refrigerator
    Community Features: Patio
    Days on Site: 9
    Flooring: Carpet, Vinyl
    Laundry: Washer Hookup, Dryer Hookup, In Unit
    Parcel#: 102105950741911316
    Patio/Porch: Patio
    Units: 4
    Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

    Listed By / Shown By

    Listed By

    Agency Name: NAI SunVista Commercial RE
    Agency Phone: (505) 878-0001

    Shown By

    Agent Name: Gene Della Maggiora
    Agent Phone: (510) 684-2539
    Agency Title: Coldwell Banker Legacy

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    Estimated Payment

    $ 1,584.12 per month $1,112.78 Principal & Interest $325.50 Property Tax $145.83 Homeowner's Insurance

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