Are you looking to expand your investment portfolio and take it to the next level? Look no further than this incredible four-plex property for sale in New Mexico. With a proven track record of excellent income and a convenient location, this investment opportunity is one you won’t want to miss.
This four-plex has been operating as a month-to-month rental, ensuring a steady stream of income for its fortunate owner. Currently, the property boasts an impressive Capitalization (CAP) rate of 7.9%, guaranteeing a healthy return on investment. With an average rent of $1520 per unit per month, the potential for a lucrative income is evident.
What sets this property apart is the fact that three out of the four units come fully furnished and have been recently remodeled. This means that potential tenants can move in immediately without any hassle, making it an attractive option for renters. Additionally, the turnkey nature of these units ensures that the property is low-maintenance, allowing you to focus on maximizing your returns.
Unit C, which currently has a long-term tenant on a month-to-month basis, presents an exciting opportunity to increase your income even further. By renovating this unit and renting it out on a mid-term basis, you can tap into a new revenue stream and maximize the property’s potential. Don’t miss this chance to optimize your investment and boost your returns.
The location of this four-plex is another selling point. Situated in the highly desirable Abq Uptown area, this property offers great upside potential. With its close proximity to shopping centers, restaurants, and entertainment options, it is sure to attract quality tenants who are willing to pay a premium for convenience. This prime location ensures a strong demand for rentals, making it an ideal investment opportunity.
Moreover, there is room to grow the already excellent income on this property. With the potential to increase rents in the future and capitalize on the ever-growing demand for rental properties in the area, the possibilities are endless. As the property market in New Mexico continues to thrive, investing in this four-plex could prove to be a smart and profitable decision.
In conclusion, this New Mexico investment property for sale presents an exceptional opportunity for investors looking to take their portfolio to the next level. With its proven income record, turnkey units, and potential for further growth, this four-plex is a lucrative investment waiting to be seized. Don’t miss out on the chance to maximize your returns and secure a valuable asset in the thriving New Mexico real estate market.
908 Alcazar NE, Albuquerque, NM 87710