For sale about 2 months ago

$219,900

5+ bd 3 ba 0 sqft

509 Vermont St NE, Albuquerque, NM 87108

Residential Triplex Needs Repairs

Current Rent

$900

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Unit 1 Details
  • Current Rent:
  • Bedroom: 2 bd
  • Bathroom: 1 ba
  • Square Footage: 0 sqft
  • Occupied: No
  • Needs Repairs: Yes
  • Off MLS: No
Unit 2 Details
  • Current Rent:
  • Bedroom: 2 bd
  • Bathroom: 1 ba
  • Square Footage: 0 sqft
  • Occupied: No
  • Needs Repairs: Yes
  • Off MLS: No
Unit 3 Details
  • Current Rent: $900
  • Bedroom: 1 bd
  • Bathroom: 1 ba
  • Square Footage: 0 sqft
  • Occupied: No
  • Needs Repairs: No
  • Off MLS: No

Awesome Triplex Opportunity with Owner Financing Possible

Great price on under performing multifamily. Great entry triplex with $5500 Pre Tax Cash Flow on conservative potential performance NET. Thats a 8 % CAP Rate, 13% Cash on Cash. Lots of value add with onsite laundry and a huge lot! Property has been mismanaged and is ready for new management and a new owner. Lots of updates in the property with newer tile, shower surrounds, fresh paint and carpet in 2 of the units just needs a little TLC to get it up to peak performance. Sold ''as is'' Owner Financing or REC considered.

Location:

509 Vermont St NE, 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.