4504 Piedra Blanca StAlbuquerque, NM 87111

This exceptional Albuquerque investment property, located at 4504 PIEDRA BLANCA Street NE, offers a compelling opportunity for savvy investors. The 2,185 square foot property sits on a 0.2-acre lot and features four bedrooms and two bathrooms, designed with ADA compliance for home healthcare services, making it attractive to a wide range of tenants. The property boasts a comfortable open patio area. Currently, the property enjoys 100% occupancy under a new five-year triple net (NNN) lease, commencing January 1, 2025, and expiring December 31, 2029. The lease includes an automatic annual rent increase of 2%, ensuring consistent growth in rental income. The property's heating system is a forced air furnace (CFA), and cooling is provided by refrigerated air. The current Net Operating Income (NOI) stands at $29,940, projected to increase to $32,407 by the end of the lease term, resulting in a CAP rate of 7.04% that will rise to 7.6% in year five. Importantly, the tenant is responsible for all property taxes and insurance, minimizing the owner's operational expenses. This turnkey investment presents a strong, stable income stream with significant potential for appreciation. The property's features and lease terms combine to create a highly desirable and profitable investment opportunity.