508 Tennessee Street NE, Albuquerque, NM 87108

$315,000
8
BD
4
BA
3,200
SqFt

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List Price
$315,000
MLS#
1111950
Property Type
Multifamily
Bedrooms
8
Bathrooms
4
Sqft. of Residence
3,200
Lot Size
13,068
Region
Fairgrounds
Status
ACTIVE

Property Description

**SELLER FINANCING OPPORTUNITY AVAILABLE!** Property is being sold as-is, with no repairs to be made by seller **Excellent investment opportunity with this 4-unit multifamily property in Albuquerque! Each unit offers approximately **800 square feet with 2 bedrooms and 1 bathroom**, providing a total of **8 bedrooms and 4 bathrooms** across the property.Previously fully rented for the past several years, this property offers flexibility for the next owner. **Update and improve the units to maximize future rental potential, or prepare them for tenants with minimal turnaround.** The established multifamily configuration makes this a great opportunity for investors looking to add doors to their portfolio.This property is prime for renovation and ready for some TLC as it is being sold as-is condition. Whether you're looking to customize a home to fit your lifestyle, build equity through improvements, or take on your next investment project, there is plenty of potential here. An FHA/Conventional/VA 203(k) renovation loan may also be an option for qualified buyers, subject to lender, property, and program requirements. (Partner lender has program designed for this house as well as incentive to buyer!)With **seller financing available**, buyers may have additional flexibility when structuring their purchase. Whether you're looking for your next value-add project or a multifamily rental opportunity, 508 Tennessee St SE is ready for its next chapter!**Buyer to do own due diligence on sqft and condition as seller never lived at the property and rented it out through another company for length of ownership.

Additional Information

County
Bernalillo
Acres
0.30
Appliances
Refrigerator
Construction
Frame, Stucco
Cooling
Evaporative Cooling
Flooring
Tile
Heating
Central, Forced Air
Owner Pays
Other, See Remarks
Utilities
Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Zoning
R-ML*

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Calculator source: Real Geeks

Listing courtesy of EXP Realty, LLC.

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.