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Tara Diaz

tara.diaz@exprealty.com +1(505) 226-1150

Listed by EXP Realty, LLC

$ 315,000

Est. payment -/mo

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508 Tennessee ST NE Albuquerque, NM 87108

8 Beds

4 Baths

3,200 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,200 sqft

Price per Sqft $98

MLS Listing ID 1111950

Bedrooms 8

Construction Status Resale

HOA Y/N No

Year Built 1978

Lot Size 0.300 Acres

Acres 0.3

Lot Dimensions Public Records

Property Sub-Type Quadruplex

Property Description

**SELLER FINANCING OPPORTUNITY AVAILABLE!** Property is being sold as-is, with no repairs to be made by seller **Excellent investment opportunity with this 4-unit multifamily property in Albuquerque! Each unit offers approximately **800 square feet with 2 bedrooms and 1 bathroom**, providing a total of **8 bedrooms and 4 bathrooms** across the property.Previously fully rented for the past several years, this property offers flexibility for the next owner. **Update and improve the units to maximize future rental potential, or prepare them for tenants with minimal turnaround.** The established multifamily configuration makes this a great opportunity for investors looking to add doors to their portfolio.This property is prime for renovation and ready for some TLC as it is being sold as-is condition. Whether you're looking to customize a home to fit your lifestyle, build equity through improvements, or take on your next investment project, there is plenty of potential here. An FHA/Conventional/VA 203(k) renovation loan may also be an option for qualified buyers, subject to lender, property, and program requirements. (Partner lender has program designed for this house as well as incentive to buyer!)With **seller financing available**, buyers may have additional flexibility when structuring their purchase. Whether you're looking for your next value-add project or a multifamily rental opportunity, 508 Tennessee St SE is ready for its next chapter!**Buyer to do own due diligence on sqft and condition as seller never lived at the property and rented it out through another company for length of ownership.

Location

State NM

County Bernalillo

Area 70 - Fairgrounds

Interior

Heating Central, Forced Air

Cooling Evaporative Cooling

Flooring Tile

Fireplace No

Appliance Refrigerator

Exterior

Community Features Storage Facilities

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Accessibility None

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Construction Status Resale

Others

Tax ID 101905736035010335

Security Features Security Gate

Acceptable Financing Cash, Conventional, FHA, Owner May Carry, VA Loan

Green/Energy Cert None

Listing Terms Cash, Conventional, FHA, Owner May Carry, VA Loan

Tara Diaz

508 Tennessee ST NE Albuquerque, NM 87108

Key Details

Location

Interior

Exterior

Building

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508 Tennessee ST NE