537 Valencia Dr SE, Albuquerque, NM 87108

Description

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....