Known as Las Casitas these 22 cabins (total of 24 Bedrooms, 23 Baths) in Mid-Town spew the cash. Development potential - city utilities, waiting list to get in - possible owner financing - 8% cap rate. Sold as is.
Size Upon Req.$1,395,000
PRO-FORMA CAP: 10.87% ACTUAL CAP: 7.86% " 74-Space MH & RV Park (40 MH, 34 RV Sites) " Great Location on Historical Route 66 (Next to I-40 Freeway) " Clubhouse, Game Room, Office, Restrooms-Showers, Laundry & More!! " Beautiful area just minutes outside fast growing Albuquerque, NM!! " Just 10 min. from Albuquerque (45 min. from Beautiful Santa Fe)!! " Pride of Ownership park with lots of curb appeal *2013 Actual NOI: $109,827. *Price/Space: $18,851.35 Leisure Mountain is a 74-Space all-age MH & RV Park (separate sections), consisting of 40 MH spaces (all full hookups except 7 spaces have been approved by the County but do not have hookups extended to them and are not currently being rented). Utilities are right there next to sites and could be extended to 7 sites for additional income. Amenities include a newly remodeled clubhouse, game room with pool table & TV, park office, full laundry room (w/WEB leased machines), restrooms/showers, an attractive common area, natural mountain landscaping and a high-speed WIFI Internet System (park owned). PLEASE CONTACT LISTING BROKER FOR FULL MARKETING PROPOSAL & FINANCIALS!
33,642 SFPrice Upon Req.
Please do not disturb the residents or tenants. Property tours are available 9/25 at 12 PM and 10/2 at 1 PM. Please contact the local listing broker to schedule a tour and for additional property information.Auction.com and New Mexico Apartments Advisors present the opportunity to acquire Girard Commons, an ideal millennial housing community located in a mixed-use, infill neighborhood approximately 1 mile from the University of New Mexico (27,197 students). With a bike score of 91, free high speed wifi internet, 100% furnished units, a sparkling swimming pool, a laundry facility in each of the three buildings, ample parking, a business center and TV lounge, Girard Commons offers all of the amenities millennials are looking for. Since 2012, the community has experienced positive, double digit rent growth, including 4.8% in the first half of 2014. The exterior of Girard Commons was renovated by the current owners, but the unit interiors have not been and would benefit from implementing a value-add program. Many of the units are rented to students, however, current ownership recently leased two corporate units at $1,000 and $1,200 (vs.
Solid,-performing 24 unit apartment complex comprised of six 4 - unit, two story, buildings. Each apartment is 761 sf, two bedroom, one bath. Exceptionally clean and well maintained. Current occupancy is 100%. Strong demand for these units. Rents are improvable by 10%. Price is 17% less than comparable properties.
Truly, A MUST SEE! Beautiful 2 bed/ 1 bath Adobe home residing on 1 acre lot. Scenery is unbeatable! Vinyl windows, plenty of natural light and spacious layout. Privacy fence surrounding. Hardwood/tile/carpet flooring throughout. Septic/well, spacious yard perfect for outdoor entertainment! Home will need repairs and possible updates but has great potential
Part of a portfolio of four fourplexes (3408 Wellesley NE, 317 Texas NE, 3417 & 3421 Ross SE) Value add deal rents are significantly behind market and property is priced for quick sale as my Seller is ready to retire. Property tour scheduled for 3/26/2014 at noon (starts at Wellesley, then Texas, then Ross) Offer deadline April 9th, 2014 in the event of a multiple offer situation, seller will be using the bidprocess (email LA for info or see Please do not disturb residents. Register for the tour and additional information on website
BEAUTIFUL CONDO IN TAOS! Stunning and large 2-BR/2.5-BA in one of Taos' best condo associations. 1,603 sq. ft. of Architectural Digest-quality décor and furnishings. Vibrant colors, high ceilings, private walled patio, upstairs deck w/ hot tub, high-end kitchen and more luxury features. Beautifully landscaped grounds with trees and plantings. Prime location near the Historic District and Central Business District of Taos. Walk to galleries, shops, restaurants, etc. All the fine furnishings are included. Turnkey opportunity for excellent vacation rental property!
Apartment Portfolio of 75 Units in Fastest Growing City in NM. WILL SELL COMPLEXES INDIVIDUALLY. CALL FOR PRICES.
Rare north valley value add opportunity. Currently leased at rents that are 27% below market, the property is ripe for a cosmetic renovation and revenue enhancement program. Property is being sold using the Bid Process Tour Date: 1pm on June 12th, 2014 Offer Deadline: 5pm MST June 18th, 2014 Register for tour and confidential documents at http://www.nmapartment.com/2ndstreetcasitas
Tour - 9/18/2014 @ noon, Offer deadline 9/24/2014 @ 5pm. RSVP for tour and confidential documents Originally built by well known and admired custom home builder, HL Cleff, the property was destroyed by a fire in the mid 2000s. Purchased by local developer, John Mahoney who completed renovations in 2014, the property shines with quality upgrades from edge to edge. Currently in lease-up phase, the property is expected to offer a new investor full occupancy by this fall with an average rent of $1.18/sf or $1,198 per month. The property' s new condition, sub metered utilities and great location should all lead to an easier than average property to maintain.