Rare 1-bed/1bth 4-Plex Investment Opportunity in Grants/Milan. The property is located near the area's major employers and schools.
Rare Investment Opportunity in Grants, NM. Easy access to areas major employers. Good multi-family investment opportunity. Grants economy is very stable with major employers like the Corrections Corporation of America, Plains Electric Generation & Transportation Coop, State Parks and National Forestry have offices here. Federal minimum security prison, as well as a fully operational Army Air National Guard training facility and the nearby Sky City and Dancing Eagle Casinos. Located 70 miles west of Albuquerque.
Price Upon Req.20,608 SF
*The NOI published above represents the last six months of net operating income annualized as the property was undergoing renovations and lease-up prior to this period* *Property tours are scheduled for 10:00am on April 28th and May 5th. Please contact Erik Olson at 505-837-4941 to RSVP* Auction.com and CBRE are proud to present The Patios Apartments, a 40 unit garden style multi-family property located in the prime southeastern quadrant of Albuquerque. The unit mix consists of one and two bedrooms and features on-site parking, laundry facilities, private patios, walled courtyard and extra storage space. The property is 2 miles from Kirtland Air Force Base and 1.5 miles from Interstate 40, which provides tenants with easy access to downtown Albuquerque. $300,000 of property upgrades and repairs were recently completed including new asphalt overlay to the entire parking lot; new TPO membrane roofs to four of the buildings; new private key pad security gates to each of the buildings including new exterior fence and landscaping as well as aesthetic upgrades to the exterior of the property and a new water boiler heater.
Quality asset in brand new condition and an A location - North Campus/Netherwood Park Originally built by GJ Reeves in 1979, this 32 unit gated community has been completely renovated in 2014, with the millennial generation in mind offering hip, cool and colorful interiors, large balcony areas, a bike repair shack, community garden area, and so much more. The renovations are of a caliber to support a future condo-conversion. The average apartment rent is $1,031 per unit or $1.20/sf, with an ask price of $4.375M this offers an astute investor a 6.21% Cap rate, 16.0% before tax IRR, and a 12.6% after tax IRR on actuals, and a 7.30% Cap rate, 11.04% cash on cash, 20.5% before tax IRR and a 15.8% after tax IRR based on proforma income. The property tour is scheduled for noon on May 7th, and an offer deadline of May 19th, 5pm MST.
Heart of Downtown Albuquerque. 5 newly completed condos with availability for 9 additional units.
VALUED AT $225,000.00 GREAT INVESTMENT INCOME PRODUCING PROPERTY! Multi-Family property,unusual to get so much. 1,2,3,bedroom 1 baths triplex, 3 bedroom/ 1/1/2 bath House, & 3 bdrm, 2bath mobile, stucco, metal roofs, alwas rented $2800 monthly. Owner has greatly reduced price. SUPER BUY metal roofs, alwas rented. $2800 monthly. Owner has greatly reduced price. Super Buy
Rare opportunity to buy from original owner 16 single family residences in growing submarket of Albuquerque 16 single family residences constructed in 1990s - each with three bedrooms, two bathrooms and a two car garage is available for sale as a portfolio of rental units with management team in place. The ask price is $1.584M, and with an average rent for the large apartment units is $0.75/sf this offers an astute investor a 7.0% Cap rate and a potential cash on cash of 10.01%. Lender quote for 30 year financing is available. Email agent for registration info Thanks, Todd Clarke CCIM
35 rental units furnished, unfurnished, 19 one bedroom, 15 two bedroom and 1 three bedroom. 60 off street, uncovered parking spaces, brick construction, metal roof and well maintained by full time maintenance person.
This 23 unit apartment complex consists of 8 two bed one bath units, 11 one bedroom one bath units, and 4 one bedroom studios. The 2/1's rent for 650 a month, the 1/1 rent for 600 a month, and the studios rent for 400 a month. This is a turn key income of around $13,000.00 a month. The property also has a onsite laundry which produces extra cash flow.
Call agent for tour, Offer deadline 4/28/2014 @ 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.