2616 Muriel St. NE offers investors a strong value-add opportunity with a 5.82% acquisition cap rate and a projected 6.08% 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 financing is available.
Listed By
Agency Name: NAI SunVista Commercial RE
Agency Phone: (505) 878-0001
Shown By
Agent Name: Nicolas Ceccacci
Agent Phone: (505) 206-4119
Agency Title: Coldwell Banker Legacy
Estimated Payment
$ 1,584.12 per month $1,112.78 Principal & Interest $325.50 Property Tax $145.83 Homeowner's Insurance
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 $500,000. Search Albuquerque real estate on nceccacci.cblegacy.com today.