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Archived over 1 year ago

$205,000

2 bd 1 ba 1110 sqft

XXX Quincy Street SE, Albuquerque, NM 87108

Residential SFR Occupied Off MLS

Current Rent **

$1,850

Projected Rent **

$1,850

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Albuquerque, NM, $ 46K PREPAID RENT + $ 70K equity

Convenient location in a quiet neighborhood.

This property is very close to all the events happening in the International District of Albuquerque. There are plenty of dining options in the area and it has become the go-to destination for locals and tourists alike.

The US Dept. of Energy National Training Center is just 6.5 Mi away

Nearby attractions:

Albuquerque International District (Route 66): 1.3 Mi

Tingley Coliseum: 1.3 Mi

The Downs Racetrack and Casino: 1.3 Mi

Investment Opportunity + Leaseback

Equity Spread: $ 70K

Monthly Rent: $ 1850

Total Prepaid Rent: $ 46,250 ( 24 months + deposit )

Asking Price: $ 205,000

2 BD / 1 BA

SF: 1110

Lot size: 0.165

Year Built: 1954

Seller wants to stay as a tenant

Why buy this property?

Low Crime Rate

Investment Potential

Proximity to Work

Good Schools

Community Amenities

DISCLAIMER:

DO NOT CONTACT THE OWNER/SELLER WITHOUT OUR EXPLICIT CONSENT. ANY ATTEMPTS TO RENEGOTIATE OR MAKE CONTACT WITH THE OWNER WILL RESULT IN LEGAL ACTION

Location:

XXX Quincy Street SE, Albuquerque, NM 87108

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.