316 Princeton Drive Se, Albuquerque, NM 87106

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#1
316 Princeton Drive Se,Albuquerque, NM 87106
  • 1 Beds
  • 1 Baths
  • - sq. ft.
  • Multi-family
  • Sold
Listed by:santiago aceves
Office:elevate new mexico realty
MLS#:1084611
Source:NM_SWMLS

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Price summary

  • Price:

About this home

Currently a 6% Market Cap Opportunity in the heart of the University Area! Owner asking less than $96k/Unit!!! This complex offers 12 units; 6 (1 bedroom floor plans) & 6 (studio floor plans) each with patio space located in a single 2-story building with 18 covered parking spaces. Capital Improvements: Each unit has been updated with tile or laminate and mini-split units. Newer roof installed in 2023. All current rents are below market rents and present an investor with a potential 8.5% Cap if rents are brought up to current market pricing. INDIVIDUAL UNITS NOT FOR SALE.

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Home facts

  • Year built:1977
  • Listing Id #:1084611
  • Added:142 day(s) ago
  • Updated:August 19, 2025 at 06:34 PM

Rooms and interior

  • Bedrooms:1
  • Total bathrooms:1

Heating and cooling

  • Cooling:Ductless, Refrigerated
  • Heating:Ductless

Structure and exterior

  • Year built:1977

Utilities

  • Water:Water Connected
  • Sewer:Sewer Connected

Finances and disclosures

  • Price:
  • Tax amount:$2,982

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