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 * 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. Twenty two of the unit interiors have been renovated including new flooring, new domestic water lines, new cabinets and upgraded appliances.
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 $2750 monthly. Owner has greatly reduced price. SUPER BUY metal roofs, alwas rented. $2750 monthly. Owener has greatly reduced price. Super Buy
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
$1,200,000Size Upon Req.
The homes in the park are tenant owned with 5 being rented of which 4 will convert to purchase contracts next spring. Park was previously up to 85% occupancy, there have been no rent increases in 2 years. The park is on city utilities and the park is sub-metered for the utilities. Buyer. Current park Manager will stay on with new owner, she lives in park.
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
$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.
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.
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!
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
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.