2129 Edna Avenue NW

2129 Edna NW presents a rare opportunity to acquire a six-unit multifamily property in immediate proximity to Albuquerque's historic Old Town Plaza. This walkable infill location places the… Show more

2129 Edna NW presents a rare opportunity to acquire a six-unit multifamily property in immediate proximity to Albuquerque's historic Old Town Plaza. This walkable infill location places the asset steps from over 100 retail and restaurant establishments, as well as Sawmill Market, museums, and major cultural amenities.The property consists of six one-bedroom units totaling approximately 3,850 square feet on A+/-0.19 acres. It is being offered at $351,204, representing an attractive basis of approximately $58,500 per unit within a highly desirable submarket.The asset has been family-held for decades and requires substantial renovation. Current average rents are approximately $638 per unit, producing a modest in-place return. However, the investment thesis centers on repositioning.