2616 Muriel ST NE, Albuquerque, NM 87112
2616 Muriel ST NE, Albuquerque, NM 87112
2616 Muriel ST NE, Albuquerque, NM 87112
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Listed by NAI SunVista Commercial RE
$490,000
Est. payment /mo
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3 Beds
2 Baths
3,003 SqFt
Price Dropped by $10K

2616 Muriel ST NE Albuquerque, NM 87112

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Vinay Rodgers

Vinay Rodgers

+1(505) 417-2733

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,003 sqft

Price per Sqft $163

MLS Listing ID 1103865

Bedrooms 3

Construction Status Resale

HOA Y/N No

Year Built 1978

Annual Tax Amount $3,906

Lot Size 7,840 Sqft

Acres 0.18

Lot Dimensions Public Records

Property Sub-Type Quadruplex

Property Description

2616 Muriel St. NE offers investors a strong value-add opportunity with a 5.95% acquisition cap rate and a projected 6.21% pro forma cap rate. Current rents remain approximately 8.5% below market, providing additional upside potential for future ownership. The property features washer/dryer hookups in every unit and benefits from a recently replaced roof in 2022, helping reduce near-term capital expenses. Located in Albuquerque's established Northeast Heights rental market, the property offers stable tenant demand and long-term investment appeal. Seller will consider seller finance!

Location

State NM

County Bernalillo

Area 50 - Northeast Heights

Interior

Heating Central, Forced Air

Cooling Evaporative Cooling

Flooring Carpet, Vinyl

Fireplace No

Appliance Dishwasher, Free-Standing Gas Range, Microwave, Refrigerator

Laundry Washer Hookup, Dryer Hookup, In Unit

Exterior

Exterior Feature Patio

Community Features Patio

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Porch Patio

Building

Story 1

Entry Level One

Level or Stories One

New Construction No

Construction Status Resale

Others

Tax ID 102105950741911316

Acceptable Financing Cash, Conventional, FHA, Owner May Carry, VA Loan

Green/Energy Cert None

Listing Terms Cash, Conventional, FHA, Owner May Carry, VA Loan

Southwest MLS (SWMLS IDX Plus)

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Vinay Rodgers

Vinay Rodgers

Real Estate Broker's

+1(505) 417-2733

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2616 Muriel ST NE