508 Indiana Street SE, Albuquerque, NM 87108
- $390,000
- 8
- BD
- 4
- BA
- 3,267
- SqFt
- List Price
- $390,000
- MLS#
- 1107598
- Property Type
- Multifamily
- Bedrooms
- 8
- Bathrooms
- 4
- Sqft. of Residence
- 3,267
- Lot Size
- 8,102
- Region
- Southeast Heights
- Status
- PENDING
Property Description
This four-unit apartment building offers a strong investment opportunity with a 9.48% cap rate at full asking price. The property features three residential 2 bed, 1 bath units, and one residential 3 bed, 1 bath unit. Most tenants are supported by subsidized housing programs, providing stable and consistent rental income. Utilities are currently included in the rent with those tenants; however, the building is equipped with individual gas and electric meters, offering future ownership the option to separate utilities. The roof was replaced in December of 2025. Located in an established rental area surrounded by other multifamily properties. Ideal for investors seeking the potential of immediate cash flow.
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Additional Information
- County
- Bernalillo
- Subdivison
- Park Add
- Acres
- 0.19
- Appliances
- Refrigerator
- Cooling
- None
- Flooring
- See Remarks
- Heating
- Central
- Owner Pays
- Other, See Remarks
- Utilities
- Electricity Connected, Natural Gas Connected, Water Connected
- Zoning
- R-MH*
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Listing courtesy of Angelo Mora from Keyway Properties, Inc
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.