For Sale
$350,000

204 Espanola StAlbuquerque, NM 87108

Renovated Triplex, High NOI, Excellent Cap Rate.

Overview

Added:
Dec 11, 2024
Days on market:
118
This attractive three-unit triplex located at 204 Espanola St NE, Albuquerque, NM 87108, presents a compelling investment opportunity. Priced at $350,000, this property boasts a strong 7.30% cap rate and a Net Operating Income (NOI) of $25,424. The 1,897 square foot building has undergone extensive renovations, including complete electrical and plumbing upgrades. The exterior features new stucco, doors, windows, and fencing. Each unit benefits from modern updates such as new tile flooring, kitchen cabinets with granite countertops, and energy-efficient mini-split heating and cooling systems. A new TPO roof ensures long-term durability. The property is zoned R-ML, offering flexibility for future use. Situated in Bernalillo County, this triplex is ideally positioned within Albuquerque, providing easy access to amenities and transportation. This turnkey investment is ready for immediate income generation, making it an excellent addition to any portfolio. Financial details are available upon request. Serious inquiries only.

Highlights

  • $350,000 asking price for a triplex in Albuquerque, NM.
  • 1,897 square feet, three units.
  • 7.30% cap rate with a $25,424 NOI.
  • Recently renovated with new electrical, plumbing, stucco, doors, windows, tile flooring, kitchen cabinets, granite countertops, roofing, fences, and mini-split HVAC systems.
  • Located at 204 Espanola St NE, Albuquerque, NM 87108, zoned R-ML.

Property Details for 204 Espanola St

Property type
Small apartment buildings
Square Feet
1,897 SF
Units
3

Location Insight

City
Albuquerque
County
Bernalillo
State
New Mexico
Latitude
35.0766071
Longitude
-106.5638319
204 Espanola St, Albuquerque, New Mexico

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204 Espanola St
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