New Mexico Apartment Buildings for Sale

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7509 Pennsylvania Lane Ne

Albuquerque, NM 87110

Multi-Family

$249,5002,898 SF

Great Location! Great investment opportunity! All units have private outdoor areas and storage closets.

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108 Spring Drive 101 Wright Street

Ruidoso Downs, NM 88346

Multi-Family

$199,9004,500 SF

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

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1222 6th Street N

Socorro, NM 87801

Multi-Family

$350,000Size Upon Req.

61 space mobile home park, Socorro, NM. 17 park owned homes. City water and sewer. 8 for rent storage sheds. individual fenced lots, perimeter fence. One entry. most lots will hold a 16' x80'. Individually metered for electricity. One site built home

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18 Alamosa Loop

Los Lunas, NM 87031

Multi-Family

$1,584,00019,580 SF

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. Offer deadline is 5pm MST, April 21st, 2015. Email agent for registration info Thanks, Todd Clarke CCIM

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6116 Central Avenue Sw

Albuquerque, NM 87105

Multi-Family

$299,0004,165 SF

Well located 11 unit apartments on C-2 parcel on West Route 66 (Central Avanue) just east of Coors Blvd and on the Rapid Ride, Route 66 (and soon to be Albuquerque Rapid Transit or ART) mass transit corridor. Originally constructed as a historic auto court motel, the property has had a variety of names including Siesta Court and Vista court in the 1960s, currently known as the West Central Route 66 apartments at 6116 Central SW. Current owner is motivated for a 2014 sale and has priced the property to move at $299,000 or $27,182/per unit, $72/sf, 9.2% CAP rate, 13.00% Cash on cash, 17.8% before tax IRR, and 12.9% after tax IRR. Download the seven page flyer (attached) Property tour scheduled for Noon on December 16th, 2014 with an offer deadline of December 30th, 2014. Register for the tour and additional confidential documents at www.nmapartment.com/rt66

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801 & 815 Florida

Deming, NM 88030

Multi-Family

$1,300,00029,821 SF

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.

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14870 Perrin Road Nw

Deming, NM 88030

Multi-Family

$265,000Size Upon Req.

A perfect setting up at the Black Range and Cooks Peak between Deming and Silver City, NM. Operating as RV Park w/28 spaces for 50 and 30 amps, club house w/laundry, kitchen and bath facilities. Old Adobe in need of renovation,set on 14 acres near City of Rocks and Faywood Hot Springs. A 1 acre piece at entrance off Hwy 180. Has 2 bed/2bth MH w/eat in kitchen, open living area,covered deck, sheds/gardens. Lots of trees and views and not too far off Interstate 10 between LasCruces, NM and Tucson, AZ.

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200 222 Rio Grande Sw

Albuquerque, NM 87104

Multi-Family

$2,450,00018,150 SF

Tour - 4/7/2014 @ noon, 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.

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3226 Rufina Street

Santa Fe, NM 87507

Multi-Family

$1,150,0006,120 SF

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.

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43 Boneyard Road

Espanola, NM 87532

Multi-Family

$119,9001,431 SF

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

New Mexico Apartment Buildings for Sale

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