1351 CANDELARIA Road NW
Albuquerque, NM 87107
About this property
This rare income-producing property in Albuquerque's desirable North Valley. Situated on a half-acre lot, just one mile from the Rio Grande Nature Center and Bosque Trail, this duplex-style… Show more
This rare income-producing property in Albuquerque's desirable North Valley. Situated on a half-acre lot, just one mile from the Rio Grande Nature Center and Bosque Trail, this duplex-style setup offers excellent returns and flexible living arrangements.With a projected monthly rent of $3,300, this property offers a proforma cap rate of 6.1% based on current taxes and insurance--ideal for investors seeking solid, long-term cash flow. One unit is Vacant and the other is month-to-month, giving you the freedom to adjust rents to market value, renovate for increased returns, or occupy one unit while generating income from the other.This is a great opportunity to own property in one of Albuquerque's most charming and sought-after areas, with room to expand and add value!
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About North Valley
The North Valley is the low, irrigated stretch of Albuquerque between the Rio Grande and Interstate 25, running north from Interstate 40 to the Sandoval County line. Spanish farming villages took root along its acequias in the 1600s and 1700s, and the ditches still cross back yards and pastures.
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