About 127 Garcia Street Ne
Stable cash-flowing property! This well-maintained 4-unit apartment complex features four spacious 2-bed, 1-bath units, consistently attracting tenants. Currently generating a gross annual income of $51,000 with an estimated NOI of $29,782, offering an attractive standalone cap rate of 7.94%. Must be sold together with the separately listed property at 126 Altez St. SE. MLS # 1078578. Both properties provide a combined cap rate of 8.14%. A strategic investment bundle in a strong rental market.Please see attached APOD's
Features of 127 Garcia Street Ne
| MLS® # | 1078579 |
|---|---|
| Price | $360,000 |
| Bedrooms | 2 |
| Bathrooms | 1.00 |
| Acres | 0.19 |
| Year Built | 1977 |
| Type | Residential Income |
| Sub-Type | Quadruplex |
| Status | Pending |
Community Information
| Address | 127 Garcia Street Ne |
|---|---|
| Area | 50 - Northeast Heights |
| City | Albuquerque |
| County | Bernalillo |
| State | NM |
| Zip Code | 87123 |
Amenities
| Utilities | Electricity Connected, Natural Gas Connected, Water Connected |
|---|---|
| Features | Storage Facilities |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior | See Remarks |
|---|---|
| Appliances | Free-Standing Electric Range, Refrigerator |
| Heating | Central, Forced Air |
| Cooling | Evaporative Cooling |
| Fireplace | No |
| # of Stories | 2 |
| Stories | Two |
Additional Information
| Date Listed | February 19th, 2025 |
|---|---|
| Days on Market | 253 |
| RE / Bank Owned | No |
Listing Details
| Office | Caruso Realty, LLC |
|---|