412 Tennessee St Albuquerque, NM 87108
- Residential income homes
- 1,367 SF
Current Use by Public Records
- Residential income homes
Property Details for 412 Tennessee St
- Property size
- 1,367 SF
- Property type
- Residential income homes
Description
This Albuquerque, NM triplex at 412 Tennessee St NE offers a compelling investment opportunity. Priced at $300,000, this property boasts a 10.19% cap rate and a pro-forma cap rate of 10.17%. The property features three units totaling 1,367 square feet on a 6,969 square foot lot. The building consists of two structures, each one story, with a total of six parking spaces. The property is zoned residential and includes two one-bedroom units and a one-bedroom casita with a family room and storage. All units feature full baths, tile floors, air conditioning, and washer/dryer hookups. The property's Net Operating Income (NOI) is $30,576, with a pro-forma NOI of $30,500. Owner financing is available with a $50,000 down payment. This represents a price per unit of $100,000 and a price per square foot of $219.46. While the year built is unknown, this property presents a strong return on investment with potential for future appreciation. All offers will be considered. The property is located in Bernalillo County, New Mexico, zip code 87108.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Albuquerque
- County
- Bernalillo
- State
- New Mexico
- Longitude
- -106.557
- Latitude
- 35.0806
