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Pending

1036 MADEIRA Drive SE

1036 MADEIRA Drive SE, Albuquerque, NM 87108

$399,900

Discover this updated, low-maintenance income producing property! An ideal opportunity for both first-time & seasoned investors. This well-maintained asset offers a desirable unit mix, featuring (3) 1-bedroom/1-bath units (Units A, B & C), & a spacious 3-bedroom/2-bath unit (Unit D) complete with a detached 1-car garage. In 2020, the owner completed upgrades to ensure long-term value & energy efficiency, including: Mini-split heating & refrigerated air systems in all units, Upgraded electrical service, pro-panel metal roof, Fresh stucco, dual-pane windows, perimeter fencing & landscaping. Units A & D have been fully remodeled with tasteful, modern interiors. Units B & C are occupied by long-term tenants & currently rented below market value, offering potential for future rental growth!

1
bed

1
bath

2,865 Sq.Ft. LIVING AREA

8,276.4 Sq.Ft. lot

Andrea Romero

title Associate Broker
PHONE (505) 610-6481
EMAIL [email protected]
DRE # 50774

Features & Amenities

Interior

total bedrooms1
Total bathroom1
Laundry room Washer Hookup, Dryer Hookup, In Unit
Flooring Laminate, Tile, Wood
APPLIANCES Free-Standing Electric Range, Refrigerator

Area & Lot

Status Pending
Living Area2,865 Sq.Ft.
Lot Area8,276.4 Sq.Ft.
MLS® ID1085343
TypeMulti-Family
YEAR BUILT1960

Exterior

STORIES1
utilitiesElectricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
HEAT TYPEDuctless
AIR CONDITIONINGMulti Units, Refrigerated
security FeaturesSecurity Gate
Green featuresNone
other exterior FeaturesLandscaping

Financial

Sales Price$399,900
Real Estate Tax $1,746/yr

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Thank you for your interest in 1036 MADEIRA Drive SE, Albuquerque, NM 87108. We are reviewing your request and will be in touch shortly!

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Andrea Romero brings local expertise and exceptional service to every client. Whether you're buying or selling in Albuquerque, she’s ready to guide you. Contact her today to get started!

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Contact Details

Andrea Romero

Phone

(505) 610-6481

[email protected]

Address

8214 2nd St NW Ste B Albuquerque NM 87114

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