316 Princeton Drive Se Albuquerque, NM 87106

12 Units
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$1,150,000 Est. $4,235 / mo.*
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Property Type: Multifamily
Status: Active
Year Built: 1977
Days on Website: 20

Courtesy of The M Real Estate Group.

Description

Great Investment Opportunity in the heart of the University Area! Owner asking less than $96k/Unit!!! This complex offers 12 units located in a single 2 story building with underneath drive-in shaded parking. 6 (1 bedroom floor plans) & 6 (studio floor plans) each with patio space. Each unit has been updated with tile flooring or laminate, mini-split units, newer roof installed in 2022 and covered parking with 18 spaces. All current rents are below market rents and present an investor with tremendous upside potential. An excellent Value Add property in a coveted investor's location! INDIVIDUAL UNITS NOT FOR SALE.

Open House

Property Details and Features

  • Description: FreeStandingElectricRange,Refrigerator
  • Total Bathrooms: 1
  • Construction Materials: BoardAndBattenSiding,Frame
  • Levels: ThreeOrMore
  • Year Built: 1977
  • Details: Ductless,Refrigerated
  • Features: Lighting
  • Flooring: Laminate,Tile,Vinyl
  • Heating: Ductless
  • Days on Market: 5
  • Listing Price: 1150000
  • Status: Active
  • Address: 316 PRINCETON Drive SE
  • Area: 42 - UNM South
  • City: Albuquerque
  • State: NM
  • Zip: 87106
  • County: Bernalillo
  • Directions: Heading east on Central Ave, turn right onto Princeton Dr and head south, Continue on Princeton Dr SE past Lead Ave and property will be located on left-hand side of street at 316 Princeton Dr SE before reaching Coal Ave.
  • Acres: 0.16
  • Size: 0
  • Size Source: PublicRecords
  • Utilities: CableConnected,ElectricityConnected,NaturalGasConnected,SewerConnected,WaterConnected

Location

$1,150,000 - 316 Princeton Drive Se, Albuquerque, NM 87106
316 Princeton Drive Se Albuquerque, NM 87106
Address: 316 PRINCETON Drive SE

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