Description

This home has been a rental for the past 30+ years. Last tenants paid $1,250 / month plus utilities. The home has two separate entrances & could possible be converted into a duplex. Huge benefit of this property is the lot. The property consists of 4 city lots numbered 45, 46, 47 & 48. The home currently sits on lots 45 & 46 per the survey, leaving lots 47 & 48 available for possible development w/ approval from the city. The property offers upside potential for a savvy investor w/ R-ML zoning which provides for a variety of low- to medium-density housing options. The primary land uses are townhouses and small-scale multi-family development, as well as civic & institutional uses to serve the surrounding residential area per the City of ABQ. Come take a look & see what you think.

Location Map

205 TEXAS Street NE Albuquerque NM 87108

Courtesy of: Berkshire Hathaway NM Prop

Some of the information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers' personal, non-commercial use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.

Updated: 25th May, 2022 2:19 AM (UTC).

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Source: Placester