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1008 Madeira Drive, Albuquerque, NM 87108

Multi-Family Home For Sale

1008 Madeira Drive, Albuquerque, NM 87108 House For Sale - MLS #860908
$220,000
Multi-Family
4 Family

Property Description for 1008 Madeira Drive, Albuquerque, NM 87108

8.75% CAP Rate!!! This is a very well maintained 4-plex with stable, long term tenants and A NEW ROOF!. Owner/Broker works with city program which pays 100% of rent for tenants. No more worrying about collecting rent! 4 swamp coolers new in 2010, and all units remodeled with updated flooring within last 3 years. Exterior painted in 2013. Ample parking for tenants. Private patio with storage for each unit! The hard work is done on this one...just collect your checks. Owner/Broker has experienced 98% occupancy since 2008. This is the STABLE investment your clients are looking for.

Interior Details

2,124 sq. ft.
$103.58/sq. ft.
Disposal; Fan/Hood; Freestanding Electric Stove/Oven; Refrigerator

Exterior Details

1.5 Spaces Per Unit
Frame

Other Details

860908
1980
Outside Lights; Private Patios; Some Landscaping; Tenant Storage
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Monthly Mortgage Payments

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Town Description

Albuquerque is the largest city in the state of New Mexico. It is the county seat of Bernalillo County and is situated in the central part of the state, straddling the Rio Grande. The city population...

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