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
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.
Motivated Seller, 48 years Continuous Ownership Value added Opportunity Good Condition
Good morning! Take advantage of Albuquerque' s booming millennial housing market by purchasing this 20 unit apartment known as Girard Commons north and located at 1520 Girard NE. This community includes interior bike storage, an intercom system, , high speed wi-fi, all utilities are paid (by landlord) and are fully furnished (including murphy beds in most units). Priced at $1,107,628 a 7.4% actual CAP rate and a 10.0% cash on cash at an average rent of $563 per unit. Reposition this property as corporate suites (area average rents $1,000, market average $2,327), or continue to operate the property with the existing residents who enjoy the mixed use neighborhood and the easy access to the UNM law campus, UNM medical campus, Whole Foods Grocery store, and an abundance of area restaurants. Tours available with 72 hours' notice.
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.
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 21st, and an offer deadline of June 4th, 5pm MST.
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! Available for Lease to Own Program. Home will need repairs and possible updates but has great potential. Sold in "as-is" condition.
$1,295,000Size Upon Req.
74-Space MH & RV Park, located just 10 min. from Albuquerque (and 25 min. from Santa Fe)!! Clubhouse, Office, Rec Room w/Pool Table, Laundry, Restrooms & Showers, More!! Beautiful park in excellent condition. HUGE UPSIDE in filling five (5) vacant MH lots and an additional seven (7) sites w/o utilities. Only one (1) park-owned MH (mgr), otherwise ALL are "tenant owned" units, no rentals. Gorgeous park with HUGE UPSIDE!!
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.