3509 Tulane Drive NE, Albuquerque, NM 87107

$529,000
8
BD
4
BA
3,240
SqFt
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List Price
$529,000
MLS#
1113103
Property Type
Multifamily
Bedrooms
8
Bathrooms
4
Sqft. of Residence
3,240
Lot Size
8,276
Region
Uptown
Status
ACTIVE
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(505) 428-9547

Property Description

Live in one unit and let the other three help pay your mortgage! This Albuquerque fourplex offers practical features that stand out to renters. Combination refrigerated-air and furnace systems installed approximately five years ago make seasonal changeovers simple, while in-unit washers and dryers add everyday convenience and rental appeal.Qualified owner-occupant buyers can explore FHA financing with as little as 3.5% down and use eligible rental income from the other three units to help qualify for the loan. HUD's FY2027 Albuquerque two-bedroom Fair Market Rent of $1,384 per month provides a benchmark for evaluating rental potential. This figure includes utilities; actual rents and voucher approvals vary.An opportunity to grow your rental portfolio or combine homeownership with rental income. Financing is subject to lender approval, property eligibility, and FHA's fourplex self-sufficiency requirements.

(505) 428-9547
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Additional Information

County
Bernalillo
Acres
0.19
Cooling
Refrigerated
Flooring
See Remarks
Heating
Central, Forced Air
Owner Pays
Other, See Remarks
Utilities
Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Zoning
R-ML*
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Listing courtesy of Juan Diego Chavez from New Mexico Realty Advisors

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.