$850,000
7 Beds | 6 Baths | 3,749 sqft
511 Spruce St
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$850,000
ACTIVE
511 Spruce St, Albuquerque, NM 87106
7 Beds
6 Baths
3,749 SqFt
About This Home

Offered at $850,000 ($141,666/unit) with an attractive 7.28% acquisition cap rate, 511 Spruce St SE presents a rare opportunity to acquire a fully stabilized multifamily asset with proven in-place cash flow. The property is 100% occupied and features four fully furnished units, with five of the six units having undergone extensive renovations including new roofs, he...

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Snapshot
  • Price:
  • $850,000
  • Bedrooms:
  • 7
  • Total Baths:
  • 6
  • Square Footage:
  • 3,749
  • Acreage:
  • 0.31
  • Year Built:
  • 1936
  • Listing ID #:
  • 1105527
  • Street Address:
  • 511 Spruce St
  • City:
  • Albuquerque
  • State:
  • NM
  • Postal Code:
  • 87106
  • County:
  • Bernalillo
  • Community:
  • 42 - Unm South
  • Subdivision:
  • Terrace Add
  • Listing Status:
  • Active
  • Listing Type:
  • Residential Income
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Source
Listing Provided By: Luke Scarpa with NAI SunVista Commercial RE
Average Mortgage Rates in U.S.*
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