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2450 Floral Road NW - Main Image
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2450 Floral Road NW

Albuquerque, NM 87104

$466,888
3 bd • 2 ba • 2,786 sqft • 0.15 acres
2 Story
Stories
$168
Per SQFT
1946
Year Built
07/01/2025
Listing Date
1087069
Listing #
87104
Zip Code

About This Property

The main house, Unit A, is a three bedroom, two bathroom beauty with hardwoods floors which faces Floral Road. Unit BC is a two story 3 bedroom, two bathroom unit that faces Rose Avenue.Measures of investment performance at start price of $466,888 and current average rent of $2,225 are a GRM of 8.74, a 8.03% cap rate, $233,444 per unit, $167/sf and an after tax IRR of 24.50%, with the potential to lower an investors effective federal tax rate from 35% to 19%. The greater Albuquerque area continues to under go a significant housing shortage of over 13,000 rental housing units due to the new Netflix, Intel, Facebook (Meta) and Amazon jobs.Located at the intersection of Rose Avenue and Floral Road and in the Floral Gardens subdivision,do not miss out on the opportunity

Interior

Bathrooms Total: 2
Appliances: Refrigerator
Flooring: Carpet, Tile, Vinyl, Wood

Building And Construction

Property Type: Residential Income
Property Sub Type: Duplex
Property Sub Type Additional: Duplex
Building Area Total: 2,786 sqft
Year Built: 1946
Levels: Two
Number Of Units Total: 2
Stories: 2
Property Condition: Resale

Exterior And Lot

Lot Size Acres: 0.15
Lot Size Square Feet: 6,534 sqft

Provisional

MLS #: 1087069
Gross Income: 50730
Listing Terms: Cash, Conventional, FHA, VA Loan
Number Of Buildings: 1
Occupant Type: Owner
Operating Expense: 13675
Tenant Pays: Other, See Remarks

Area And Schools

City: Albuquerque
Postal Code: 87104
MLS Area Major: Near North Valley
Subdivision: Lot 43, Floral Gardens Subdivision
County: Bernalillo
Parcel Number: 101305903017632123

Utilities

Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Heating: Central, Forced Air, Wall Furnace
Heating (Y/N): Yes

Location

Directions: From Rio Grande and I40 north to Floral, west to property

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Listing courtesy of NM Apartment Advisors, Inc.
Southwest MLS Logo 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.
Daria Derebera Realtor

Daria Derebera

Real Estate Broker in Albuquerque, NM

(505) 521 8550

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