217 General Stilwell Street NE, Corrales, NM 87048
- $425,155
- 7
- BD
- 4
- BA
- 3,200
- SqFt
- List Price
- $425,155
- MLS#
- 1109537
- Property Type
- Multifamily
- Bedrooms
- 7
- Bathrooms
- 4
- Sqft. of Residence
- 3,200
- Lot Size
- 7,492
- Region
- Northeast Heights
- Status
- ACTIVE
Property Description
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.
Additional Information
- County
- Bernalillo
- Subdivison
- Waggoman Denison Addition
- Acres
- 0.17
- Exterior Features
- Patio
- Appliances
- Free-Standing Gas Range, Refrigerator
- Construction
- Stucco
- Cooling
- Evaporative Cooling
- Flooring
- Carpet, Laminate
- Heating
- Central
- Owner Pays
- Trash Collection, Water
- Utilities
- Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
- Zoning
- R-MH*
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Listing courtesy of Maestas Real Estate Services.
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