1709 Walter Street SE, Albuquerque, NM 87102
- $295,000
- 2
- BD
- 2
- BA
- 1,219
- SqFt
- List Price
- $295,000
- MLS#
- 1108732
- Property Type
- Multifamily
- Bedrooms
- 2
- Bathrooms
- 2
- Sqft. of Residence
- 1,219
- Lot Size
- 5,532
- Region
- Downtown Area
- Status
- COMING SOON
Property Description
Investment opportunity with built-in income and exciting future flexibility. This updated two-unit property offers options to maintain as a fully occupied rental, potentially occupy one unit while renting the other as leases permit, or explore a future multigenerational living arrangement. The front studio is leased at $775 through 11/30/26, and the rear 2BR/1BA is rented month-to-month at $1,320, producing current gross income of $2,095/month. Seller-reported improvements completed from 2022-2026 include ductless heat-pump systems, sewer-line work, Unit B electrical-panel and gas-line upgrades, Unit A metal roof, tankless water heater, insulation, kitchen and bath updates, flooring and xeriscaping. Gas and electric are separately metered and tenant-paid; owner pays water, sewer and trash. Four confirmed off-street parking spaces plus potential additional tandem parking. City certification dated 5/2/22 supports the existing two-unit use as legally nonconforming. Both units occupied. APOD and tenant-free rent roll available. Buyer to verify square footage, zoning/use, financing, leases, parking configuration and suitability for intended use.
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Additional Information
- County
- Bernalillo
- Subdivison
- Eastern Add
- Acres
- 0.13
- Exterior Features
- Landscaping, Lighting
- Appliances
- Free-Standing Gas Range, Refrigerator, Range Hood
- Construction
- Stucco
- Cooling
- Ductless, Heat Pump, Refrigerated
- Flooring
- Carpet Free, Tile, Vinyl
- Heating
- Ductless, Electric, Heat Pump
- Owner Pays
- Sewer, Trash Collection, Water
- Utilities
- Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
- Zoning
- R-1A*
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Listing courtesy of Realty One Group Concierge.
Some of the information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers’ personal, non-commerical use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.