BEDS6
BATHS
SQUARE FEET3,700
MLS#1102234
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONRoyal Heights Subdivision
Property Description
What makes this property stand out is its location within an established Northeast Heights single-family neighborhood. Rather than being surrounded by large apartment complexes, the property is nestled among single family homes and positioned catty-corner from a beautiful neighborhood park. This creates a quieter, more residential atmosphere that can support stronger tenant retention and long-term demand.At the ask price of $615,833 and an average rent of $1,118 the metrics of investment performance are a GRM 11.48, 6.15% cap rate, IRR before tax 14.0%.Why this asset deserves attention:-Rare fourplex in a neighborhood setting -Adjacent park enhances resident appeal -Larger unit sizes than many competing rentals -Includes 5 storage units and coin-op laundry
Property Features
Property Type: Multi Unit - Multiple
Cooling: Evaporative Cooling
Heating: Forced Air
Lot Size: 0.18 Acres
Stories: 2.0
Taxes: $3,587
Year Built: 1973
Feature Descriptions
Accessibility: None
Appliances: Refrigerator
Flooring: Carpet, Vinyl
Parcel#: 102205817817030917
Units: 4
Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Listed By / Shown By
Listed By
Agency Name: NM Apartment Advisors, Inc.
Agency Phone: (505) 440-8633
Shown By
Agency Title: Coldwell Banker Legacy
Agency Phone: (505) 293-3700
Estimate Your Payment
Estimated Payment
$ 1,849.11 per month $1,370.58 Principal & Interest $298.92 Property Tax $179.62 Homeowner's InsuranceChange Payment Information
Top REALTORS® in this Area
Casey Landis
From our very first call, Casey Landis impressed us with his in- depth market knowledge and sincere interest in our family's unique needs and timeline. At our first meeting, he presented a thorough market analysis and a well-crafted strategy that clearly stood out from other agents. Relocating across the country complicated our situation, but Casey went above and beyond by managing details, connecting us with trusted resources, and ensuring our home stayed show-ready and secure. His steady communication, expert guidance, and dedication helped ease our stress and resulted in a successful sale that met all our goals. We wholeheartedly recommend Casey to anyone seeking a knowledgeable,
trustworthy, and committed realtor.
— Gregory Howell
— Gregory Howell
12404 Rosemont Avenue Ne | MLS# 1102234
This multi-family property located at 12404 Rosemont Avenue Ne, Albuquerque, NM 87112 is currently listed for sale with an asking price of $615,833. Search Albuquerque real estate on www.cblegacy.com today.