Matthew Meadows Albuquerque, NM Homes for Sale
1237 Menaul Blvd. NW presents an attractive value-add multifamily investment opportunity in Albuquerque's North Valley, offering a projected 6.32% pro forma cap rate at market rental rates. This fully occupied 4-plex features an efficient unit mix consisting entirely of spacious 2-bedroom, 1-bathroom units, with significant upside potential through rental rate increases. Several units have undergone interior renovations, providing investors an opportunity to capitalize on below-market rents and continued income growth. Unit amenities include refrigerated air, in-unit washer/dryer hookups, and private balconies or patios. Conveniently located near I-40 and the Indian Pueblo Cultural Center, the property offers excellent accessibility to Downtown Albuquerque, major employment centers, and surrounding amenities.
- $545,000
- 8Bd
- 4Ba
- 3,400 Sq Ft
$5K