12404 Rosemont AVE NE, Albuquerque, NM 87112
12404 Rosemont AVE NE, Albuquerque, NM 87112
12404 Rosemont AVE NE, Albuquerque, NM 87112
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Listed by NM Apartment Advisors, Inc.
$615,833
Est. payment /mo
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6 Beds
6 Baths
3,700 SqFt
New

12404 Rosemont AVE NE Albuquerque, NM 87112

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Brad Leigh Patton

Brad Leigh Patton

+1(505) 917-5133

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,700 sqft

Price per Sqft $166

Subdivision Royal Heights Subdivision

MLS Listing ID 1102234

Bedrooms 6

Construction Status Resale

HOA Y/N No

Year Built 1973

Annual Tax Amount $3,587

Lot Size 7,840 Sqft

Acres 0.18

Lot Dimensions Public Records

Property Sub-Type Quadruplex

Property Description

What makes this property stand out is its location within an established Northeast Heights single-family neighborhood. Rather than being surrounded by large apartment complexes, the property is nestled among single family homes and positioned catty-corner from a beautiful neighborhood park. This creates a quieter, more residential atmosphere that can support stronger tenant retention and long-term demand.At the ask price of $615,833 and an average rent of $1,118 the metrics of investment performance are a GRM 11.48, 6.15% cap rate, IRR before tax 14.0%.Why this asset deserves attention:-Rare fourplex in a neighborhood setting -Adjacent park enhances resident appeal -Larger unit sizes than many competing rentals -Includes 5 storage units and coin-op laundry

Location

State NM

County Bernalillo

Area 50 - Northeast Heights

Interior

Heating Forced Air

Cooling Evaporative Cooling

Flooring Carpet, Vinyl

Fireplace No

Appliance Refrigerator

Exterior

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

Accessibility None

Total Parking Spaces 6

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Construction Status Resale

Others

Tax ID 102205817817030917

Acceptable Financing Cash, FHA, VA Loan

Green/Energy Cert None

Listing Terms Cash, FHA, VA Loan

Virtual Tour https://www.nmapartment.com/rosemont3d

Southwest MLS (SWMLS IDX Plus)

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Brad Leigh Patton

Brad Leigh Patton

Broker Associate | License ID: 52414

+1(505) 917-5133

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12404 Rosemont AVE NE