426 Towner AVE NW, Albuquerque, NM 87102
426 Towner AVE NW, Albuquerque, NM 87102
426 Towner AVE NW, Albuquerque, NM 87102
426 Towner AVE NW, Albuquerque, NM 87102
426 Towner AVE NW, Albuquerque, NM 87102
426 Towner AVE NW, Albuquerque, NM 87102
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Jeremiah Collins

Jeremiah Collins

+1(505) 710-5478
Listed by Weichert, Realtors Image
$ 565,000
Est. payment | /mo

6 Beds

6 Baths

3,191 SqFt

Save
$ 565,000
Est. payment | /mo
Save

6 Beds

6 Baths

3,191 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,191 sqft

Price per Sqft $177

Subdivision Towner Add

MLS Listing ID 1095527

Bedrooms 6

Construction Status Resale

HOA Y/N No

Year Built 1946

Annual Tax Amount $2,181

Lot Size 10,454 Sqft

Acres 0.24

Lot Dimensions Public Records

Property Sub-Type Multi Family

Property Description

Turnkey 6-plex in Albuquerque's Near North Valley--three separate structures with two units each, professionally managed and fully stabilized and occupied for predictable performance. Property has a history of low vacancy rate and high demand. Clean, well-kept residences offer private entries and practical layouts that attract long-term tenants and minimize turnover. Solid metrics strengthen the case: CAP 6.06%, GRM 9.53, IRR 13.40% (per owner's pro forma). Rent/unit under $100k, under most comps. Each unit is separately metered for gas and electric. Close to employment, transit, and amenities, this location supports steady demand and market-rate rent growth. A great price for $34,214 NOI--ideal for investors seeking reliable cash flow with low day-to-day involvement.

Location

State NM

County Bernalillo

Area 101 - Near North Valley

Interior

Heating Wall Furnace

Cooling Window Unit(s)

Flooring Carpet, Tile, Vinyl

Fireplace No

Appliance Free-Standing Gas Range, Range Hood

Laundry Washer Hookup, Dryer Hookup, Electric Dryer Hookup

Exterior

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

Accessibility None

Total Parking Spaces 6

Building

Story 1

Entry Level One

Level or Stories One

New Construction No

Construction Status Resale

Others

Tax ID 101405927228422138

Acceptable Financing Cash, Conventional, FHA, VA Loan

Green/Energy Cert None

Listing Terms Cash, Conventional, FHA, VA Loan

Southwest MLS (SWMLS IDX Plus)

Nearby Locations

Jeremiah Collins

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(505) 710-5478

redbooth@gmail.com

150 Washington Ave Suite 201, Santa Fe, NM, 87501, USA

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426 Towner AVE NW