For Sale

Listed by Bill Reed from Abq Properties Llc

1009 Dickerson Drive Southeast, Albuquerque, NM, 87106

$485,000

6
4
2917 sq. ft.
8015 sq. ft.

MultiFam

•

30+ days on the market

What's around 1009 Dickerson Drive Southeast

About this property

Extremely rare opportunity to own a well maintained four plex in this centrally located Southeast Neighborhood. The last reported sale in MLS of a unit on this street was in 2020! These do not come on the market often. The property has two one bedroom, one bath units, and two two bedroom, one bath units. The units feature a mix of vinyl and carpet flooring. Each unit has a courtyard and storage unit. The greatly improvable rents and current expenses result in a CAP rate of 4.3 at current asking price. Improving rents to current market rates results in a CAP rate of 5.3 at asking price. 100% Occupied. Offer subject to walk through and inspections. Please honor the tenants privacy and do not walk the property or contact the occupants in any manner. No showings without accepted offer.

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