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Stunning fourplex in UNM area
311 Stanford Dr SE Albuquerque, NM 87106
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Overview
This stunning fourplex nestled in the heart of the coveted UNM area. Just a stone's throw away from the university, restaurants, and exciting shopping destinations, this property offers the ideal blend of convenience and charm. Each unit within this fourplex has been meticulously remodeled, ensuring a harmonious fusion of comfort and style. The units come in a variety of layouts, with three of them offering spacious 1-bedroom, 1-bathroom configurations, while the fourth unit boasts a cozy studio layout. Parking is never a concern with the expansive driveway that accommodates all tenants/guests comfortably. For those with entrepreneurial aspirations, the property presents a golden opportunity to kickstart your Airbnb venture, with one unit already generating a monthly rent of $1600. Step inside to discover the luxury vinyl flooring that graces each unit, setting the stage for contemporary elegance. The kitchens have been completely transformed, boasting beautiful cabinets and gleaming quartz countertops providing a sleek and durable look. The introduction of brand-new Mini Split cooling & Heating systems ensures that comfort is at your fingertips year-round. These units have been thoughtfully equipped with stainless steel appliances, including a washer, dryer, dishwasher, refrigerator, and gas stove, guaranteeing a seamless modern living experience. The attention to detail extends outdoors, where each unit enjoys its own private little back or front yard, allowing residents to bask in the outdoors in complete serenity. The entire property has been rejuvenated with a fresh stucco finish, exuding a timeless appeal and also offers a large basement under unit 1 & 2. Adding a touch of sophistication, the bathrooms feature elegant tile work that adds a touch of luxury to everyday routines. This fourplex is not just a home, but a canvas for a life of convenience, comfort, and potential. Discover the allure of this enchanting property and unlock a lifestyle that seamlessly blends modern living with a vibrant community atmosphere. Unit Summary: Total Units: 4; # of Unit Types (1): # of Units: 1; # of Bedrooms: 1; # Baths: 1; Approx. SqFt: 603; Actual Rent: 1500; Max Rent: 2,000; Market Rent: 1,600 # of Unit Types (2): # of Units: 1; # of Bedrooms: 1; # Baths: 1; Approx. SqFt: 457; Actual Rent: 1150; Max Rent: 1,800; Market Rent: 1,400 # of Unit Types (3): # of Units: 1; # of Bedrooms: 0; # Baths: 1; Approx. SqFt: 443; Actual Rent: 1000; Max Rent: 1,650; Market Rent: 1,300 # of Unit Types (4): # of Units: 1; # of Bedrooms: 1; # Baths: 1; Approx. SqFt: 762; Actual Rent: 1,600; Max Rent: 2,000; Market Rent: 1,600 Total $5250 a month $63,000 annual
Attachments
For Sale
Multifamily
Secondary Uses: Low Rise
- Sale Price
- $749,900
- Price Per SF
- $331.1/SF
- Investment
- Yes
- Building Size
- 2,265 SF
- Acres
- 0.16 ac
- Zoning
- SU-2
- Number Of Buildings
- 3
- Floors
- 1
- Year Built
- 1936
- Construction Siding
- Brick
- Construction Type
- Masonry
- Submarket
- University
- Property Status
- Existing
- County
- Bernalillo
- Created
- 2023-08-15
- Updated
- 2024-04-11
- Listing ID
- 25aa3232
- Parcel APN
- 101605709813631408