426 Towner Ave NW
426 Towner Ave NW, Albuquerque, NM, 87102
ID 43ee3047
Overview
Turnkey 6-plex in Albuquerque's Near North Valley—three separate structures with two units each, professionally managed and fully stabilized and occupied for predictable performance. Property has a history of low vacancy rate and high demand. Clean, well-kept residences offer private entries and practical layouts that attract long-term tenants and minimize turnover. Solid metrics strengthen the case: CAP 6.06%, GRM 9.53, IRR 13.40% (per owner's pro forma). Rent/unit under $100k, under most comps. Each unit is separately metered for gas and electric. Close to employment, transit, and amenities, this location supports steady demand and market-rate rent growth. A great price for $34,214 NOI—ideal for investors seeking reliable cash flow with low day-to-day involvement.
