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$257,000
2 Beds 1 Baths 1109836 MLS 34 DOM
Welcome to this classic two-bedroom, one-bath Uptown bungalow in the centrally located Bel Air neighborhood, offering timeless character, thoughtful updates and an impressive 600-SqFt detached garage. Filled with natural light, this inviting home features original hardwood floors, an updated kitchen and bathroom, recessed lighting, and beautiful mountain views from the great room and foyer. Although just 992 SqFt, the home lives larger thanks to a versatile bonus room off the kitchen that is currently used as an office but could also serve as a hobby room, small dining area or flex space. Two separate closet/pantry areas provide additional storage. There is a fully fenced front yard shaded by a mature tree and a private backyard featuring a lattice-covered patio. Car enthusiasts, hobbyists, or anyone needing extra storage will appreciate the oversized detached two-car garage with dual access. The front bay is approximately 23 feet deep, easily accommodating a SuperCab pickup while still leaving room for a workshop area. The second bay, approximately 14 feet deep, is accessed from the rear alley through a newly installed, heavy-duty metal gate. Situated on a generous 0.16-acre lot, the property offers space for a potential Accessory Dwelling Unit (ADU), subject to City approval. The rear alley access provides added flexibility for future development. Buyers should conduct their own due diligence regarding ADU requirements by contacting the City of Albuquerque Planning Department or visiting their website. Conveniently located just minutes from ABQ Uptown, Coronado Center, neighborhood parks, restaurants, shopping, and I-40/I-25 via the Big I, this home combines classic charm with everyday convenience.

2829 Sierra Drive NE, Albuquerque

$331,592
1 Beds 1 Baths 1109654 MLS 41 DOM
This well-maintained, charming courtyard-style triplex offers a unique combination of residential character, walkability and investment upside. Mature landscaping, brick walkways and an inviting shared colonnade courtyard give the property a warm residential feel, while off-street parking and private patio space add convenience and privacy.Solatube tubular skylights bring abundant natural light into the residences, creating bright and welcoming interiors. The property also offers dedicated buried tool and storage areas, providing additional secure storage for owner use.The owner has made a number of recent improvements, including a new roof in 2022, new driveways and sidewalks in 2024, and interior renovations.Apartment 533 #6 has been fully renovated and includes a dedicated laundry room with a built-in clothing rack. Additional units offer varying laundry amenities, including washer and washer/dryer hookups.From an investment perspective, there is meaningful room for continued income growth. Current rents average approximately $825, compared with projected market rents of approximately $975, providing an opportunity to increase revenue as rents move toward market.With a start price of $331,592, the property currently offers an 11.16 GRM and 6.11% cap rate, with additional upside as rents are brought closer to market.The owner also owns the adjoining property at 537 Valencia SE, creating an opportunity for a buyer interested in expanding their investment beyond this triplex.Residents are within walking distance of parks, restaurants and retail while enjoying the character and privacy of an established neighborhood.This is the type of property that feels more like housing than apartments--a quality many residents value and one that helps distinguish it from more traditional multifamily properties.Don't miss this opportunity to acquire a distinctive Albuquerque triplex with existing income, recent capital improvements and a clear path for future rent growth.

533 Valencia Drive SE, Albuquerque

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The data relating to real estate for sale in this web site comes in part from the Internet Data exchange ("IDX") program of SFAR MLS, Inc. Real estate listings held by brokers other than Scarborough Realty Group are marked with the IDX Logo. All data in this web site is deemed reliable but is not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the SANTA FE ASSOCIATION OF REALTORS®.

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.

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