BEDS3
BATHS
SQUARE FEET3,003
MLS#1103865
STATUSPending
PROPERTY TYPEMulti Unit - Multiple
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!
Property Features
Property Type: Multi Unit - Multiple
Cooling: Evaporative Cooling
Heating: Central, Forced Air
Lot Size: 0.18 Acres
Stories: 1.0
Taxes: $3,906
Year Built: 1978
Amenities
Patio
Feature Descriptions
Appliances: Dishwasher, Free-Standing Gas Range, Microwave, Refrigerator
Community Features: Patio
Days on Site: 45
Flooring: Carpet, Vinyl
Laundry: Washer Hookup, Dryer Hookup, In Unit
Parcel#: 102105950741911316
Patio/Porch: Patio
Units: 4
Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Listed By / Shown By
Listed By
Agency Name: NAI SunVista Commercial RE
Agency Phone: (505) 878-0001
Shown By
Agency Title: Coldwell Banker Legacy
Agency Phone: (505) 293-3700
Estimate Your Payment
Estimated Payment
$ 1,558.94 per month $1,090.53 Principal & Interest $325.50 Property Tax $142.92 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
2616 Muriel Street Ne | MLS# 1103865
This multi-family property located at 2616 Muriel Street Ne, Albuquerque, NM 87112 is currently listed for sale with an asking price of $490,000. Search Albuquerque real estate on www.cblegacy.com today.