Welcome to this exceptional investment opportunity in Albuquerque! We are proud to present a well-maintained 10-unit multifamily property offering affordable housing solutions. This property offers an opportunity for a reliable stream of rental income fulfilling a vital community need through the Section 8 housing program. Socially conscious investors provide much-needed 2-bed units with 850 SQFT layouts, with its own w/d hookups. SECT 8 housing provides stability & direct deposit of rent payments. Current rents are 50% below SECT 8 rates with current leases all at month to month. Viewing the property is available AFTER an accepted offer. Current tenants have rights. Secure your investment in this lucrative opportunity.
Sold
Price Unknown
304-308 Pennsylvania St SE, Albuquerque, NM 87108
2beds
1baths
--sqft
Multi Family
Built in 1980
-- sqft lot
$518,300 Zestimate®
$--/sqft
$1,118 Estimated rent
Home value
$518,300
$409,000 - $658,000
$1,118/mo
Zestimate® history
Owner options
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$1,118/mo
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$1,118/mo
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List your homeWhat's special
Zillow last checked:
Listing updated:
Listed by:
Joshua D Christensen 505-250-1944,
Realty One of New Mexico
Bought with:
Joshua D Christensen, 20522
Realty One of New Mexico
Source: SWMLS,MLS#: 1058913
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
Heating
- Central, Forced Air
Cooling
- Evaporative Cooling
Appliances
- Included: Free-Standing Electric Range, Refrigerator
- Laundry: Washer Hookup, Dryer Hookup, ElectricDryer Hookup, In Unit
Features
- Flooring: Carpet, Tile
- Has basement: No
Property
Features
- Levels: Two
- Stories: 2
- Exterior features: Lighting
Lot
- Size: 0.37 Acres
Details
- Parcel number: Not Available
- Zoning description: R-ML*
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Frame, Stucco
Condition
- Resale
- New construction: No
- Year built: 1980
Utilities & green energy
- Utilities for property: Cable Available, Electricity Connected, Natural Gas Connected, Water Connected
Green energy
- Energy generation: None
Community & HOA
Community
- Subdivision: La Mesa
Location
- Region: Albuquerque
Financial & listing details
- Annual tax amount: $5,596
- Date on market: 3/15/2024
- Cumulative days on market: 36 days
- Listing terms: Cash,Conventional
- Tenant pays: Electricity, Gas
Price history
| Date | Event | Price |
|---|---|---|
| 6/26/2024 | Sold | -- |
Source:  SWMLS #1058913 Report a problem | ||
| 4/22/2024 | Pending sale | $945,000 |
Source: SWMLS #1058913 Report a problem | ||
| 3/15/2024 | Listed for sale | $945,000 |
Source: SWMLS #1058913 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: La Mesa
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Nearby schools
GreatSchools rating
- 4/10La Mesa Elementary SchoolGrades: PK-5Distance: 0.2 mi
- 5/10Hayes Middle SchoolGrades: 6-8Distance: 0.9 mi
- 2/10Highland High SchoolGrades: 9-12Distance: 1.8 mi
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$518,300
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$518,300
- New Mexico
- Bernalillo County
- Albuquerque
- 87108
- La Mesa
- 304-308 Pennsylvania St SE
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