The property is strategically positioned near two of New Mexico's largest employment anchors, Kirtland Air Force Base and Sandia National Laboratories, providing convenient access to thousands of jobs in defense, technology, engineering and research. The area also benefits from proximity to Central Avenue, Interstate 40, Uptown Albuquerque, shopping, restaurantsand public transportation. Albuquerque continues to experience significant public and private investment, with expansion from Netflix, Meta, Intel, Amazon and other major employers strengthening the metro's economy and supporting continued housing demand. Priced below the market average for comparable fourplex sales, 217 General Stilwell offers investors an attractive basis, strongemployment fundamentals and long-term potential for appreciation and rent growth. Don't miss this opportunity to acquire a well-positioned multifamily investment in one of Albuquerque's established rental corridors. With a start price of $425,155 and an average rent of $918 the metrics of investment performance are a GRM 9.65, 7.28% caprate, IRR after tax 14.5%. This is the type of property that feels more like housing than apartments -- a feature many residents value.
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Zillow last checked:
Listing updated:
Listed by:
Anita Maestas505-463-3565,
Maestas Real Estate Services505-463-3565,
Todd D Clarke505-440-8633,
NM Apartment Advisors, Inc.
Source: SWMLS,MLS#: 1109537
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 7
Bathrooms: 4
Heating
Central
Cooling
Evaporative Cooling
Appliances
Included: Free-Standing Gas Range, Refrigerator
Features
Flooring: Carpet, Laminate
Interior area
Total structure area: 3,200
Total interior livable area: 3,200 sqft
Property
Features
Levels: One
Stories: 1
Patio & porch: Patio
Exterior features: Patio
Lot
Size: 7,405 Square Feet
Details
Parcel number: 102005711109231029
Zoning description: R-MH*
Construction
Type & style
Home type: MultiFamily
Property subtype: Quadruplex, Multi Family
Materials
Stucco
Condition
Resale
New construction: No
Year built: 1975
Utilities & green energy
Utilities for property: Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected