Albuquerque, NM 87110

Property Description

A rare opportunity in the heart of Albuquerque's Near Heights desirable neighborhoods, a fully renovated fourplex that's nothing short of spectacular!At its core is the main home in every sense: three bedrooms, two baths and more than 1,200 square feet of beautifully finished space, opening to a courtyard shaded by a mature tree, wrapped in warm cedar fencing for those Duke City evenings. Three additional units join it on the property, each renovated top to bottom. Nothing here was left half-finished, no deferred maintenance, no projects waiting, nothing to do, truly a turn the key setup.Two of the units are fully furnished and have been operated successfully as short-term rentals, giving this property a flexibility others do not have. Either continue that concept of STR, MTR (mid-term), traveling nurse market is abundant, especially with University of NM Hospital just down the street. Or simply convert the entire property into traditional long-term leases. Here's an idea, live in the main home and let the other three units help carry the mortgage, or lease all four and let it work entirely on its own. Either way you are minutes from Nob Hill's restaurants and shops, Uptown's retail and offices, and immediate access to I-40, an established tree-lined pocket of the city that puts the whole metro within a short drive and keeps the hospitals, the university and the national labs close at hand.Great for that 1031 Exchange need, a turn-key Income-producing property and genuinely move-in ready. A true home, real income and a location like this rarely arrive in one package.