644 Louisiana SE Blvd Albuquerque, NM 87108

This exceptional Albuquerque investment opportunity presents a 4-unit multifamily property, boasting a strong 8% cap rate and a substantial net operating income (NOI) of $47,438. The property, located at 644 Louisiana Blvd SE, comprises three buildings totaling 3,411 square feet on a 0.032-acre lot. Renovated between 2022 and 2023, the portfolio includes a three-bedroom house, a two-unit building with two one-bedroom apartments, and a separate two-bedroom apartment. Currently operating at 100% occupancy, this property offers immediate cash flow with significant upside potential. The convenient location, directly off Louisiana Blvd SE south of Central Ave, provides easy access from all directions. Adding to the income stream is a leased billboard on the property. The property is zoned MX-L, and adjacent properties, including vacant land, are also available for acquisition. This is a rare chance to secure a high-performing, cash-flowing investment in a desirable Albuquerque rental market. The asking price is $593,000, representing $148,250 per unit and $173.85 per square foot. Detailed financial information is available upon request.