Albuquerque, NM 87105
Investment opportunity in Albuquerque's South Valley with solid in-place income. This property offers two separate structures on one spacious lot: a main residence plus a smaller casita… Show more
Investment opportunity in Albuquerque's South Valley with solid in-place income. This property offers two separate structures on one spacious lot: a main residence plus a smaller casita, all currently tenant-occupied. This configuration provides two rentable units total, ideal for an investor seeking steady, diversified rental income in a consistently demanded area.The main home offers comfortable living space with a functional floor plan, dedicated kitchen and dining area, full bath, and laundry features. The casita offer s a 2 bed 1 bath floorplan with private entrances, allowing for flexibility in tenant mix (no w/d hook ups). Current rents support immediate income from day one, with potential for incremental increases and value-add
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South Valley is an unincorporated stretch of Bernalillo County directly south of Albuquerque's city limits, with the Rio Grande running down its middle and the city wrapping its north, east, and part of its west edge. Spanish land grants issued after the 1690s reconquest created Atrisco, Pajarito, and Los Padillas here, and the acequia ditches those families dug still carry water past the houses.
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