502 Headingly Avenue NW, Albuquerque, NM 87107
- $750,000
- 12
- BD
- 8
- BA
- 4,747
- SqFt
- List Price
- $750,000
- MLS#
- 1108818
- Property Type
- Multifamily
- Bedrooms
- 12
- Bathrooms
- 8
- Sqft. of Residence
- 4,747
- Lot Size
- 20,038
- Region
- Near North Valley
- Status
- ACTIVE
Property Description
FOUR-ADDRESS 7-UNIT INCOME COMPOUND ON ONE LOT! Rare commercial multi-family investment portfolio opportunity featuring four distinct physical addresses 502 Headingly Ave NW, 504 Headingly Ave NW, 506 Headingly Ave NW, and 3921 5th St NW. all legally situated on one single, low-maintenance parcel. Streamlined portfolio management with massive high-density cash flow.Current Unit Breakdown (5 Turn-Key Units):Two separate duplexes: Each featuring 2-bedroom, 1-bathroom layouts.One detached home: Featuring a 2-bedroom, 1-bathroom layout.Two detached cottages: Each featuring cozy 1-bedroom, 1-bathroom layouts.Massive Value-Add Potential (6th & 7th Units):The property features an additional standalone structure primed for immediate equity growth. The framework, electrical wiring, and plumbing rough-ins are completely in place--finish it out to instantly add a 6th rent-generating unit! Additionally, there is potential to optimize/add a 7th unit on-site. Property is priced and valued based on its current operational footprint, giving the next owner massive built-in upside.Important Disclosures: Sold strictly AS-IS, WHERE-IS. Please submit all offers subject to interior inspection out of respect for current occupants. Buyer is strictly responsible for independently verifying all unit square footages, exact utility configurations/metering, local zoning codes, certificate of occupancy status, and permitting/completion requirements for the unfinished spaces prior to the expiration of contingencies. Call today for a complete APOD sheet, rent roll, and to schedule your private tour!
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Additional Information
- County
- Bernalillo
- Subdivison
- Monkbridge
- Acres
- 0.46
- Interior Features
- Ceiling Fan(s)
- Appliances
- Free-Standing Electric Range, Free-Standing Gas Range, Refrigerator
- Cooling
- Evaporative Cooling, Ceiling Fan(s)
- Flooring
- Vinyl
- Heating
- Central, Other, Wall Furnace
- Owner Pays
- Common Area Maintenance, Sewer, Trash Collection, Water
- Utilities
- Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
- Zoning
- R-1C*
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Listing courtesy of AIM Properties.
Some of the information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers’ personal, non-commerical use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.