BEDS2
BATHS
SQUARE FEET6,684
MLS#1107082
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONStar Heights 2
Property Description
Prime Multi-Family Investment Opportunity in Rio Rancho!Discover this rare investment consisting of two separately parceled 4-plex buildings offered for sale together. These eight well-maintained 2-bedroom, 1-bath units are currently occupied by long-standing tenants, delivering immediate, stable income with strong upside potential. Located in a high-demand rental market where quality multi-family properties are extremely difficult to find, this portfolio offers a turnkey solution for the savvy investor. The units are clean, functional, and have been thoughtfully cared for, resulting in reliable cash flow and minimal deferred maintenance.Don't miss this exceptional chance to acquire a performing 8-unit asset in one of the area's most desirable locations.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Evaporative Cooling
Heating: Central, Forced Air
Lot Size: 0.57 Acres
Stories: 2.0
Taxes: $3,716
Year Built: 1980
Amenities
Lighting
Feature Descriptions
Appliances: Dishwasher, Refrigerator
Exterior: Frame, Stucco
Flooring: Carpet
Parcel#: 1011069267181
Units: 8
Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected
Listed By / Shown By
Listed By
Agency Name: Absolute Real Estate
Agency Phone: (505) 681-8578
Shown By
Agency Title: Coldwell Banker Legacy
Agency Phone: (505) 892-1000
Estimate Your Payment
Estimated Payment
$ 2,902.42 per month $2,292.33 Principal & Interest $309.67 Property Tax $300.42 Homeowner's InsuranceChange Payment Information
Top REALTORS® in this Area
Ashly Jaramillo
I had an excellent experience working with Ashly. I would recommend her to anyone that is in the process of buying a home.
— Martha Edwards
— Martha Edwards
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
309-313 Geraldine Loop Se | MLS# 1107082
This multi-family property located at 309-313 Geraldine Loop Se, Rio Rancho, NM 87124 is currently listed for sale with an asking price of $1,030,000. Search Rio Rancho real estate on www.cblegacy.com today.