8401 Marquette Avenue Ne, Albuquerque, 87108



Frederick Reed
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Turnkey four plex in the Northeast. At $700 monthly per apartment the property produces Gross Annual Rents of $33,600. Cap rate is 8.68% and GRM is 7.43. All units are two bedroom one bath apartments open living/dining room areas. Each apartment comes with its own set of full-size washer and dryer. All four units are separately metered and tenants pay for gas and electricity. Large parking lot allows for additional parking. This is a well-maintained building with newer windows. Please do not walk the property or disturb tenants. Offer subject to inspections.

Essential Information

MLS® #: 965189
Price: $249,900
Bedrooms: 2
Bathrooms: 1.00
Square Footage: 3,420
Acres: 0.20
Year Built: 1977
Type: Residential Income
Sub-Type: Quadruplex
Status: Pending

Community Information

Address: 8401 Marquette Avenue Ne
Area: 70 - Fairgrounds
City: Albuquerque
County: Bernalillo
State: NM
Zip Code: 87108


Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected


Interior: Carpet, Tile, Laminate
Appliances: Free-Standing Gas Range
Heating: Forced Air
Cooling: Evaporative Cooling
# of Stories: 2
Stories: Two


Exterior Features: Landscaping
Construction: Frame

Additional Information

Date Listed: March 24th, 2020
Days on Market: 56

Listing Details

Listing Agent: Frederick Reed
Listing Office: ABQ Properties LLC
Office Phone: (505) 730-8934


$/SqFt: $73

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Listing information last updated on June 2nd, 2020 at 2:41am MDT.