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 5.95% acquisition cap rate and a projected 6.21% 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 will consider seller finance!
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: 33
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: Lanya Androlewicz
Agent Phone: (505) 280-2380
Agency Title: Coldwell Banker Legacy
Estimate Your Payment
Estimated Payment
$ 1,558.94 per month $1,090.53 Principal & Interest $325.50 Property Tax $142.92 Homeowner's Insurance
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 $490,000. Search Albuquerque real estate on lanya.cblegacy.com today.