c.1906 Eclectic New Mexico Multi-Unit For Sale $485K

multi-unit

$485,000

Commercial/Multi-unit transformed back into a residence, maintain it as a rental, occupy one unit while renting out the other two, or utilize it as an office space. The possibilities are endless, and there’s ample parking available. Schedule a visit today! Owner financing is also an option.

House View featured at 1401 5th St NW, Albuquerque, NM, 87102

Realtor Comments

Amazing Opportunity on this three story brick building built in the 1900’s. Previously used by an Architectural Firm currently converted to 3 apartments one on each floor. Each unit has it’s own kitchen, bathroom and laundry. MX-T zoning allows many uses.

 

House View featured at 1401 5th St NW, Albuquerque, NM, 87102
  • 3bed
  • 3bath
  • Circa 1906
Dining Room featured at 1401 5th St NW, Albuquerque, NM, 87102

 

Bathroom featured at 1401 5th St NW, Albuquerque, NM, 87102

Pros:

  1. Diverse Culture: Albuquerque boasts a rich cultural heritage, with a blend of Native American, Hispanic, and Anglo influences, reflected in its festivals, art, and cuisine.
  2. Affordable Cost of Living: The cost of living in Albuquerque is generally lower than in many major cities, making it a budget-friendly option for residents.
  3. Beautiful Scenery: The city is surrounded by stunning natural landscapes, including the Sandia Mountains and numerous parks, providing ample opportunities for outdoor recreation.
  4. Mild Climate: Albuquerque enjoys a mild climate with plenty of sunshine, making it suitable for year-round outdoor activities.
  5. Growing Economy: The city has a diverse economy with job opportunities in various sectors, including technology, healthcare, and education.

Cons:

  1. Limited Job Market: While there are opportunities, the local job market can be competitive, and some residents may need to commute to nearby cities for better employment prospects.
  2. Crime Rates: Certain areas of Albuquerque have higher crime rates compared to national averages, which may be a concern for potential residents.
  3. Public Transportation: Public transit options are limited, making a personal vehicle essential for commuting and daily errands.
  4. Education Concerns: Some schools in the area may face challenges, leading to mixed reviews regarding educational quality.
  5. Weather Extremes: While the climate is generally mild, summer temperatures can become very hot, and winter can bring occasional snowfall.
Bathroom featured at 1401 5th St NW, Albuquerque, NM, 87102

1401 5th St NW, Albuquerque, NM 87102

Bedroom featured at 1401 5th St NW, Albuquerque, NM, 87102
*
Bedroom featured at 1401 5th St NW, Albuquerque, NM, 87102
*
Other Interiors featured at 1401 5th St NW, Albuquerque, NM, 87102
*
Kitchen featured at 1401 5th St NW, Albuquerque, NM, 87102
*
Porch featured at 1401 5th St NW, Albuquerque, NM, 87102
*
House View featured at 1401 5th St NW, Albuquerque, NM, 87102
*
House View featured at 1401 5th St NW, Albuquerque, NM, 87102
*
House View featured at 1401 5th St NW, Albuquerque, NM, 87102
*