163 Riverside Dr SW
Albuquerque, NM 87105
5
Bedrooms
4
Bathrooms
2,400
Sq Ft
1941
Year Built
About This Property
Triplex for sale possible owner finance with good down oac. Measurements are estimates. Separately metered for gas and electric. Exceptional income property opportunity. Superb location. Close to I-25, UNM Stadiums, Isotopes/NM United Stadium, UNM, Downtown, Airport, Hospitals, Restaurants, and more. Well taken care of tri-plex boasting recent new ROOFS Charming Southwest Albuquerque neighborhood At the RIO Grande river!!. Brand NEW pitched roof on the front duplex! contact. The front is a duplex with a "granny" 1br apartment in the back. Always rented. Great cap rate on below figures. Pro Forma Gross market scheduled Income $1250/unit X 3 units Tax $1,400/yr insurance $750/yr utilities $1,200/ yr. (water and trash) Well-Maintained. Fresh Paint in Owner's Unit. (2) 2-Bedrooms (1) 1 Bedroom / 1 Bath House / Casita with New Stove, New Refrigerator and Large Backyard (plenty of space for dog to run around)! Great Investment Opportunity! . On the west side of the Rio Grande River.
Property Details
Property Type
Multi_family
Year Built
1941
Lot Size
8,276 sq ft
HOA
None
Listed Price
$409,000
Owner Financing Terms
Why Owner Financing?
- ✓ No bank qualifying
- ✓ Bad credit OK
- ✓ Fast closing
- ✓ Flexible terms
Free account - No credit card required
Frequently Asked Questions About Owner Financing in Albuquerque
What is owner financing for 163 Riverside Dr SW?
Owner financing means the seller of 163 Riverside Dr SW acts as the lender. Instead of getting a mortgage from a bank, you make monthly payments directly to the property owner. This property in Albuquerque, NM is available with owner financing terms.
Do I need good credit for owner financing?
No! One of the biggest advantages of owner financing is that you typically don't need to qualify through a bank. This makes it possible to buy a home even with bad credit, no credit history, or self-employment income that's hard to document.
How much is the down payment for this Albuquerque home?
Down payment terms are negotiable. Sign up for free to get the specific financing details for this Albuquerque property.