403 Columbia Dr SE - 403 Columbia Drive SE 4 Unit Apartment Building Offered at $754,334 CAD at a 6.11% Cap Rate Albuquerque, NM 87106

On behalf of the owners, NM Apartment Advisors and Deacon Property Services are excited to bring this quality University area fourplex to market. This unique and versatile investment opportunity is ideal for a family with children going to UNM/CNM in the near future or an owner/ occupant looking for the most solid house hack available in one of Albuquerque's best neighborhoods.
The sellers bought this property as their First home - just after they were married. They lived in Apartment C and proceeded to x up the property (inside and out) and each apartment with true pride of ownership. Each unit has been updated with quality, care, and amenities for optimum resident comfort, energy efficiency, and privacy. Each apartment is also separately metered for gas and electric and offers a sizeable private yard / patio space with quality native landscaping accents.
Located at 403 Columbia Drive SE, this four-unit community includes two unique 1-bedroom apartments, a lovely studio, and a 2-Bedroom apartment that would make the ideal owner / occupant apartment. Character and quality updates abound in all apartments. Meandering, manicured walkways lead to private yard entrances for each apartment as well. No compromises have been made on security or privacy, and off-street parking is plentiful. Bonus exterior storage closets are also available for resident use.
The property is walking distance to UNM and CNM, Smith's grocery store and dozens of restaurants, cafes, micro-breweries, & quality local retail—basically everything a young university student would need is close by! Coupled with the impact of the citywide expansion of Netflix, Face-book, Intel, and Amazon, as well as major announcements of new employment,this property is well-positioned to enjoy the forthcoming wave of appreciation and rent growth. Do not miss out on owning a close to campus gem like 403 Columbia SE.