New listing

537 Valencia Dr SE, Albuquerque, NM 87108

Beds
3
Baths
3
Sqft
1,929

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Listed byMaestas Real Estate Services
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Overview

On behalf of the owners, NM Apartment Advisors and Maestas Real Estate Services are pleased to present this gem of a triplex, which includes well lit off street parking, private patios and an attractive shared colonnade courtyard. Located at 537 Valencia SE, this charming community features lush landscaping and brick sidewalks, and is walking distance to multiple parks, retail establishments and restaurants. The triplex offers off-street parking, private street-facing patios, a charming shared colonnade courtyard, Solatube tubular skylights for abundant natural light, and dedicated buried tool storage for each building. Recent improvements include a new roof (2022) and new driveways and sidewalks (2024). Apartment 3 has been fully renovated and now includes a dedicated laundry room with built-in cabinetry. Apartment 1 has a washer hookup in the kitchen, and Apartments 2 and 3 offer full washer and dryer hookups. All three units are occupied, with current rents averaging $825 against a market average of $975, leaving a long runway to increase value by raising rents toward market. The owner also owns the neighboring 533 Valencia SE, which is also available. Do not miss this opportunity for an owner occupant or investor in a market with strong job growth and a housing shortage.

Location

Full feature list

Basic info

Property type
Multi-family
Number of stories
1
Number of bedrooms
3
Number of bathrooms
3
Square feet
1,929
Lot size (acres)
0.15
Year built
1940

Interior features

Laundry
In Unit, Dryer Hookup, Washer Hookup

Utilities

Heating
Central
Cooling
Evaporative Cooling

Taxes

Tax Annual Amount
$3,011.02

Public schools

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Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.

Sourced from: Southwest MLS (Greater Albuquerque Association of REALTORS) MLS®#: 1113596 Last checked: …

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