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.

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205 TEXAS Street NE Albuquerque NM 87108

Courtesy of: Berkshire Hathaway NM Prop

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

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Source: Placester