221 Veranda Road NW
Albuquerque, NM 87107
About this property
Newly built construction investment in North Valley. Each unit is a 2 bed 1 bath roughly 1,329 sq. ft each with laundry hookups. Both units are exact mirror layouts with a firewall… Show more
Newly built construction investment in North Valley. Each unit is a 2 bed 1 bath roughly 1,329 sq. ft each with laundry hookups. Both units are exact mirror layouts with a firewall separating each one. Heating: CFA. Cooling: Refrigerated Air. Brand new metal roof, tankless water heater, HVAC installed in 2019. Perfect investment opportunity for those looking for a low maintenance cash flowing property. NOI: $24,500, CAP Rate: 5.15%. Both units are currently tenant occupied, please do not disturb tenants, drive by only. In person Showing only with accepted offer.
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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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