1116 Nakomis Drive NE

About this property

Rare Northeast Albuquerque fourplex offering the kind of upside investors want without the heavy renovation budget. This well-kept property shows very little deferred maintenance, allowing a new owner to focus on operations and long-term income rather than immediately pouring capital into the property. One-year leases are currently in place, while existing rents are collectively approximately 34% below estimated market rents, creating meaningful future income and value-add potential.Major property components have been well maintained, including a parking lot repaved in 2025, roofs estimated at approximately 10 years old, and a water heater estimated at approximately 10 years old. Additional features include mature, well-kept landscaping, vinyl thermal double-pane windows, and a combination of vinyl plank and carpet flooring.Unit A stands out as a spacious 3-bedroom residence with its own washer and dryer, while the remaining three units have access to a convenient common laundry room.Located in an established