217 General Stilwell ST NE, Corrales, NM 87048
217 General Stilwell ST NE, Corrales, NM 87048,Video Tour
217 General Stilwell ST NE, Corrales, NM 87048
28
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Listed by Maestas Real Estate Services
$425,155
Est. payment /mo
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7 Beds
4 Baths
3,200 SqFt
New

217 General Stilwell ST NE Corrales, NM 87048

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Anita Mora

Anita Mora

+1(505) 400-8105

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 $132

Subdivision Waggoman Denison Addition

MLS Listing ID 1109537

Bedrooms 7

Construction Status Resale

HOA Y/N No

Year Built 1975

Annual Tax Amount $2,932

Lot Size 7,405 Sqft

Acres 0.17

Lot Dimensions Public Records

Property Sub-Type Quadruplex

Property Description

The property is strategically positioned near two of New Mexico's largest employment anchors, Kirtland Air Force Base and Sandia National Laboratories, providing convenient access to thousands of jobs in defense, technology, engineering and research. The area also benefits from proximity to Central Avenue, Interstate 40, Uptown Albuquerque, shopping, restaurantsand public transportation. Albuquerque continues to experience significant public and private investment, with expansion from Netflix, Meta, Intel, Amazon and other major employers strengthening the metro's economy and supporting continued housing demand. Priced below the market average for comparable fourplex sales, 217 General Stilwell offers investors an attractive basis, strongemployment fundamentals and long-term potential for appreciation and rent growth. Don't miss this opportunity to acquire a well-positioned multifamily investment in one of Albuquerque's established rental corridors. With a start price of $425,155 and an average rent of $918 the metrics of investment performance are a GRM 9.65, 7.28% caprate, IRR after tax 14.5%. This is the type of property that feels more like housing than apartments -- a feature many residents value.

Location

State NM

County Bernalillo

Area 50 - Northeast Heights

Interior

Heating Central

Cooling Evaporative Cooling

Flooring Carpet, Laminate

Fireplace No

Appliance Free-Standing Gas Range, Refrigerator

Exterior

Exterior Feature Patio

Community Features Patio

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

Porch Patio

Building

Story 1

Entry Level One

Level or Stories One

New Construction No

Construction Status Resale

Others

Tax ID 102005711109231029

Acceptable Financing Cash, Conventional, FHA, VA Loan

Green/Energy Cert None

Listing Terms Cash, Conventional, FHA, VA Loan

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Southwest MLS (SWMLS IDX Plus)

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Anita Mora

Anita Mora

Broker | License ID: 46134

+1(505) 400-8105

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217 General Stilwell ST NE