A splendid surprise awaits the savvy real estate investor in the heart of a bustling Southwest Albuquerque neighborhood, nestled snugly on the west side of the Rio Grande River. This meticulously maintained triplex offers an astounding opportunity in the form of seller financing, opening up the realm of possibilities for those who maybe seeking financial flexibility.
A true gem of the southwest, the residence mesmerizes with its versatile layout. The front of the property sports a duplex, complemented perfectly by a quaint one-bedroom, affectionately referred to as a "granny" apartment, situated in the back. The charm doesn't end there, as the property has recently added new pitched roofs, nursing a fresh paint coat to maintain its pristine condition.
The units are separately metered for gas and electric, making bill-management easy and convenient. Each unit's utilities like water and trash are estimated to be around $1,200 per year, making it fairly manageable. Each of the two main units boasts two spacious bedrooms whereas the last unit charms with one cozy bedroom and one bathroom, an irresistible invitation for potential tenants.
A unique feature to draw residents in? A spacious backyard for a pet's paradise, complimented by a new stove and refrigerator, adding modern comforts to a quaint abode. The central location places the triplex in proximity to I-25, the UNM Stadiums, Isotopes/NM United Stadium, UNM, downtown, the airport, hospitals and an array of restaurants. All contributing to the massive appeal!
Market trends have suggested a gross income of approximately $1,250 per unit, indicating the valuable presence of a great cap rate. Beyond its economic appeal, this triplex holds a special charm as it is situated in an Opportunity Zone, contributing to the significant value of the property.
A unique blend of opportunity, value, and location, coupled with the irresistible charm of the Southwest, this triplex property could be more than just a splendid investment - it could be your golden ticket. It's more than a property - it's an adventure in profitable living. Don't let this brilliant opportunity pass you by!
