537 Valencia Dr Se, Albuquerque, NM 87108
- $331,592
- List Price
- $331,592
- Property Type
- Multifamily
- Lot Size
- 6,752
- Region
- Southeast Heights
- Status
- ACTIVE
Property Description
On behalf of the owners, NM Apartment Advisors and Maestas Real Estate Services are pleased to present this gem of a triplex, which includes well lit off street parking, private patios and an attractive shared colonnade courtyard. Located at 537 Valencia SE, this charming community features lush landscaping and brick sidewalks, and is walking distance to multiple parks, retail establishments and restaurants. The triplex offers off-street parking, private street-facing patios, a charming shared colonnade courtyard, Solatube tubular skylights for abundant natural light, and dedicated buried tool storage for each building. Recent improvements include a new roof (2022) and new driveways and sidewalks (2024). Apartment 3 has been fully renovated and now includes a dedicated laundry room with built-in cabinetry. Apartment 1 has a washer hookup in the kitchen, and Apartments 2 and 3 offer full washer and dryer hookups. All three units are occupied, with current rents averaging $825 against a market average of $975, leaving a long runway to increase value by raising rents toward market. The owner also owns the neighboring 533 Valencia SE, which is also available. Do not miss this opportunity for an owner occupant or investor in a market with strong job growth and a housing shortage.
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Additional Information
- County
- Bernalillo
- Subdivison
- Plat Of Shirley S Subdivision
- Acres
- 0.15
- Interior Features
- Skylight(s)
- Exterior Features
- Lighting, Storage
- Appliances
- Gas Range, Refrigerator
- Cooling
- Evaporative Cooling
- Flooring
- Carpet, Vinyl
- Heating
- Central
- Tenant Pays
- Electricity, Gas
- Utilities
- Electricity Available, Sewer Connected, Water Available
- Zoning
- R-MH*
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Listing courtesy of Maestas Real Estate Services.
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.