502 Headingly AVE NW, Albuquerque, NM 87107
502 Headingly AVE NW, Albuquerque, NM 87107
502 Headingly AVE NW, Albuquerque, NM 87107
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Listed by AIM Properties
$750,000
Est. payment /mo
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12 Beds
8 Baths
4,747 SqFt
New

502 Headingly AVE NW Albuquerque, NM 87107

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Michael Valles

Michael Valles

+1(505) 681-3681

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,747 sqft

Price per Sqft $157

Subdivision Monkbridge

MLS Listing ID 1108818

Bedrooms 12

Construction Status Resale

HOA Y/N No

Year Built 1951

Annual Tax Amount $6,895

Lot Size 0.460 Acres

Acres 0.46

Lot Dimensions Public Records

Property Sub-Type Multi Family

Property Description

FOUR-ADDRESS 7-UNIT INCOME COMPOUND ON ONE LOT! Rare commercial multi-family investment portfolio opportunity featuring four distinct physical addresses 502 Headingly Ave NW, 504 Headingly Ave NW, 506 Headingly Ave NW, and 3921 5th St NW. all legally situated on one single, low-maintenance parcel. Streamlined portfolio management with massive high-density cash flow.Current Unit Breakdown (5 Turn-Key Units):Two separate duplexes: Each featuring 2-bedroom, 1-bathroom layouts.One detached home: Featuring a 2-bedroom, 1-bathroom layout.Two detached cottages: Each featuring cozy 1-bedroom, 1-bathroom layouts.Massive Value-Add Potential (6th & 7th Units):The property features an additional standalone structure primed for immediate equity growth. The framework, electrical wiring, and plumbing rough-ins are completely in place--finish it out to instantly add a 6th rent-generating unit! Additionally, there is potential to optimize/add a 7th unit on-site. Property is priced and valued based on its current operational footprint, giving the next owner massive built-in upside.Important Disclosures: Sold strictly AS-IS, WHERE-IS. Please submit all offers subject to interior inspection out of respect for current occupants. Buyer is strictly responsible for independently verifying all unit square footages, exact utility configurations/metering, local zoning codes, certificate of occupancy status, and permitting/completion requirements for the unfinished spaces prior to the expiration of contingencies. Call today for a complete APOD sheet, rent roll, and to schedule your private tour!

Location

Province NM

County Bernalillo

Area 101 - Near North Valley

Interior

Interior Features Ceiling Fan(s)

Heating Central, Other, Wall Furnace

Cooling Evaporative Cooling, Ceiling Fan(s)

Flooring Vinyl

Fireplace No

Appliance Free-Standing Electric Range, Free-Standing Gas Range, Refrigerator

Exterior

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Building

Story 1

Entry Level One

Level or Stories One

New Construction No

Construction Status Resale

Others

Tax ID 101406032726810119

Acceptable Financing Cash, Conventional

Green/Energy Cert None

Listing Terms Cash, Conventional

Southwest MLS (SWMLS IDX Plus)

NEARBY SCHOOL & BUSINESS

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Michael Valles

+1(505) 681-3681

michaelluciano.valles@exprealty.com

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502 Headingly AVE NW