2616 MURIEL ST NE

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2616 MURIEL ST NE

ALBUQUERQUE, NM 87112-1753
Asking Price
$490K
Asset Type
Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Multifamily property offered for sale at 2616 Muriel St NE.
  • The asking price for this residential investment is $490,000.
  • Located within the Albuquerque metropolitan area in New Mexico.
  • Situated in a residential zone with access to local transit.
  • The asset is suitable for long-term residential rental operations.

What's Special

Priced at $490,000, this multifamily property is positioned at 2616 Muriel St NE in Albuquerque, New Mexico. The asset occupies a site in a established residential sector of the city, providing straightforward access to the regional transit network and the diverse economic landscape of the Albuquerque metro area. Given the sustained demand for housing throughout the region, this residential building presents a functional acquisition for investors seeking to expand their portfolio within the local submarket. The structure is well-suited for long-term residential leasing strategies, benefiting from proximity to area employment hubs and essential service providers. Tenants in this location typically value the connectivity to major thoroughfares and the availability of neighborhood infrastructure characteristic of this part of Bernalillo County. Future owners have the potential to capitalize on the consistent need for well-located rental housing in this segment of the southwestern market.

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NOI
$80,000
Cap Rate
16.33%
DSCR
2.75
Strong
Cash-on-Cash
34.63%
Monthly Payment
$2,424.253
Annual Cash Flow
$50,908.968

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