4316 Beresford LnAlbuquerque, NM 87120

Property Details for 4316 Beresford Ln

Year built

2005

Lot size

0.13 AC

Property size (Sq ft)

3,170 SF

Property type

Mixed-use properties

Description

This exceptional mixed-use property, located at 4316 Beresford Ln NW in Albuquerque, New Mexico, presents a compelling investment opportunity. The 3,170 square foot, two-story home boasts five bedrooms and three bathrooms, situated on a 0.13-acre lot (APN: 101106127507540520). Built in 2005, this property is zoned R-1B* and offers a current NOI of $28,800, with a pro-forma NOI of $38,400, translating to a current cap rate of 4.44% and a pro-forma cap rate of 5.92%. The asking price is $649,000, representing a price per square foot of $204.73. The land value alone is $211.04 per square foot. Currently operating at 70% occupancy, this rental property is located within the coveted gated community of Oxbow North, offering breathtaking mountain views from an upstairs balcony. The home features an elegant Southwestern design, including an arched entryway, high ceilings, a custom fireplace, and hand-crafted wood pillars. The spacious kitchen overlooks a sunken living room, and the layout includes a formal dining room and a convenient main-floor bedroom, in addition to the four upstairs bedrooms. This property offers significant upside potential for investors seeking a strong return in the Albuquerque market.

Location Insight

City

Albuquerque

County

Bernalillo

State

New Mexico

Latitude

35.1327

Longitude

-106.701

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