1322 Fairhaven Ave SW, Albuquerque, NM 87105

South Valley investment with two houses on one lot. Located at 1322 and 1322 1/2 Fairhaven and just a few minutes drive to Old Town and Downtown, this well located property is also just steps from North America's largest bosque forest along the Rio Grande River.The property offers two spacious three bedroom homes that are currently on month to month leases.The unit mix includes: Unit 1322 is a 1,136 square foot 3 bedroom / 1 bath unit Unit 1322 1/2 is a 923 square foot 3 bedroom / 1 bath unitBesides the spacious units, the main amenity for this property is the quiet and serene location just west of the Rio Grande River trails.Measures of investment performance at ask price of $216,063 and average rents, as of $975 are a GRM of 9.23, a 5.50% cap rate, $108,031 pe