Value add opportunity! There are four detached units on one parcel. 607, 609, 611 Pacific Ave SE and 820 Walter St SE. You can lot split, raise rents to market, split 607 into 2 units, or live in 607 and let the rentals pay your mortgage. 607 unit received a new water heater, swamp cooler, and windows in 2024. The whole unit has fresh stucco as of 2023. 611 has a new TPO roof in the flat section as of 2023. Property is fully occupied with two tenants on month to month. Total monthly income is $3,810. Market rates for rents would bring income up to $4,900.
For sale
Price cut: $5.1K (9/30)
$409,900
607 Pacific Ave SE, Albuquerque, NM 87102
6beds
5baths
--sqft
Est.:
Quadruplex, Multi Family
Built in 1916
-- sqft lot
$408,100 Zestimate®
$--/sqft
$-- HOA
What's special
New water heaterNew tpo roofSwamp coolerFresh stucco
- 195 days |
- 331 |
- 26 |
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