9CAP Section 8 Performing Property in Albuquerque NM
Turn-key rental property ideal for landlords looking to acquire property in Albuquerque, New Mexico that is already cash flowing. This 2/1 house has (all new) washer and dryer, swamp cooler, and some kitchen and bath upgrades. Furnace and water heater have both been recently replaced and property is well-kept (roof and stucco in good condition). Tenant has been in place since February 2010 and is on a yearly lease, they love this house!
Tenant pays all utilities (water is reimbursed to owner)!
This property is ideal for newbie or seasoned investors alike, and should be especially appealing to individuals with Section 8 experience in Albuquerque, New Mexico, as rates could likely be easily increased, pushing these returns even higher!
Property is completely turn-key and there is no work needed to realize instant cash flow. Additionally, the house is currently professional managed and has been under management for several years. Currently on a month to month lease, which could easily be assumed by a buyer or terminated bigger returns are desired.