21 unit apartments in four buildings on close to an acre. Pennsylvania Street Apartments is a well priced complex in Albuquerque, NM. Near new townhomes, parks, schools, community centers, restaurants, shopping and buses.
Single story. Pitched roofs. Private patios, Individual self storage. Outside newly painted. Excellent management in place. Apartments stay continuously full. Laundry room for extra income and convenience. Cash flow. Possibility to raise rents. Low price per unit.
Albuquerque, NM. Historically one of the most stable apartment markets in the southwest. Nestled between the Sandia Mountains and the banks of the Rio Grande River. Its combination of high tech companies, government research and Air Force installations instill an unmatched stable economic platform.
One building, 505 Pennsylvania, recently underwent $315,000- in renovation after a fire which burned and scorched the units. This created a practically new building from the studs out.
Combination of two bedrooms, one bedrooms and large studios.
Only $795,000-. Bank or owner financing available.
Owner financing option with $125,000- down, 7 %, 30 year amortization with 5 year call. $4,430-/m P & I.
Bank financing available with $200,000- down, 5 %, 20 year amortization, 5 year renegotiation and 10 year call. $3,910-/m P & I.
Call or text Peter Jensen 505-459-7429 Owner/Agent