Log In/Sign Up
Your email has been sent.
421 Virginia St NE
Albuquerque, NM 87108
Specialty Property For Sale
·
1,542 SF
Executive Summary
421 Virginia St NE presents an exceptional opportunity
to acquire a single-family residential investment property
in the heart of Albuquerque’s Southeast Heights.
This 1,542 sq. ft. home sits on a 0.155-acre lot and is
currently leased at $2,700/month, generating $32,400
in projected annual rental income. The tenant pays for
all utilities, including water, sewer, trash, gas, and electricity,
providing a streamlined and low-touch investment
model.
A standout feature of this property is the fully owned solar
panel system, which adds long-term value and utility cost
savings for tenants — a significant draw in today’s market.
With just $6,248 in projected annual operating expenses (including
taxes and insurance), investors can expect a strong
net operating income and a reliable cash-flowing asset in a
desirable infill location.
to acquire a single-family residential investment property
in the heart of Albuquerque’s Southeast Heights.
This 1,542 sq. ft. home sits on a 0.155-acre lot and is
currently leased at $2,700/month, generating $32,400
in projected annual rental income. The tenant pays for
all utilities, including water, sewer, trash, gas, and electricity,
providing a streamlined and low-touch investment
model.
A standout feature of this property is the fully owned solar
panel system, which adds long-term value and utility cost
savings for tenants — a significant draw in today’s market.
With just $6,248 in projected annual operating expenses (including
taxes and insurance), investors can expect a strong
net operating income and a reliable cash-flowing asset in a
desirable infill location.
Property Facts
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 7.74% | Building Size | 1,542 SF |
| Property Type | Specialty | No. Stories | 1 |
| Property Subtype | Residential Income | Year Built | 1971 |
| Building Class | C | ||
| Zoning | R-ML - Housing: Accommodates low- to medium-density housing like townhouses, apartments, duplexes, and multiplexes. Community support: | ||
| Sale Type | Investment |
| Cap Rate | 7.74% |
| Property Type | Specialty |
| Property Subtype | Residential Income |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 1,542 SF |
| No. Stories | 1 |
| Year Built | 1971 |
| Zoning | R-ML - Housing: Accommodates low- to medium-density housing like townhouses, apartments, duplexes, and multiplexes. Community support: |
Property Taxes
| Parcel Number | 1-019-057-471295-1-06-07 | Improvements Assessment | $61,932 CAD |
| Land Assessment | $24,882 CAD | Total Assessment | $86,814 CAD |
Property Taxes
Parcel Number
1-019-057-471295-1-06-07
Land Assessment
$24,882 CAD
Improvements Assessment
$61,932 CAD
Total Assessment
$86,814 CAD
1 of 11
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
