403 SAN FELIPE Street NW, Albuquerque, NM 87104
sale
$750,000
|
Mixed Use
Courtesy Of Keller Williams Realty
This investment opportunity, located in Historic Old Town, is a three-unit mixed-use income property with a target IRR of 20.49% and capitalization rate of 5.71% at full optimization. The current owner has made significant repairs, including installing a new roof, fixing the plumbing, sewer, and electrical systems, adding a concrete slab foundation in one unit, repairing framing, sheetrock, and flooring, and installing new air conditioning systems. The property also offers off-street parking for up to 9 vehicles and a detached garage that can be used for parking or commercial purposes. The primary building is a charming adobe home with two bedrooms and two living areas that can also be used as retail or office space. Also included is a duplex building with a studio and 1 bedroom apartment.
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Property Features
- Architecture Style: Other
- Cooling System: Evaporative
- Exterior Type: Stucco
- Exterior Type: Adobe
- Floors: 1.0
- Heating System: Central Furnace
- Heating System: Floor Furnace
- MLSID: 1028416
- Roof Type: Unknown
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