601 Veranda Road NW, Albuquerque, NM 87107
- $420,000
- 6
- BD
- 4
- BA
- 2,640
- SqFt
- List Price
- $420,000
- Status
- ACTIVE
- MLS#
- 1110853
- Property Type
- Detached
- Bedrooms
- 6
- Bathrooms
- 4
- Living Area
- 2,640
- Lot Size
- 7,013
- Region
- Near North Valley
Property Description
Two permitted houses on one lot. One loan, one tax bill, two rent checks. That is the pitch. The back house runs 1,391 square feet with 3 bedrooms and 2 baths. The second is 1,258 square feet, 3 bed and 1.5 bath, for roughly 2,649 square feet of rentable space. Both were built in 1940 and both are on record as legal dwellings, so the second unit is not a zoning argument waiting to happen at appraisal. Price reflects it an opportunity waiting for that savvy investor. What you are buying is a corrected rent roll, not a turnkey product. One side carries a tenant, so the numbers start working while the other side gets its rehab. North Valley, 87107, close to Fourth Street and a quick shot to I-40 and Old Town. Bring a contractor, run your own numbers, and schedule a showing.
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Additional Information
- County
- Bernalillo
- Subdivison
- Monkbridge Add
- Acres
- 0.16
- Interior Features
- Main Level Primary
- Exterior Features
- None
- Cooling
- Evaporative Cooling
- Flooring
- Carpet, Laminate, Tile
- Garage Spaces
- 1
- Heating
- Natural Gas
- Roof
- Flat
- Sewer
- Public Sewer
- Utilities
- Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
- Water
- Public
- Elementary School
- La Luz
- Middle School
- Garfield
- High School
- Valley
Mortgage Calculator
Listing courtesy of LPT Realty.
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.