New Mexico Apartment Buildings for Sale

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6116 Central Avenue Sw

Albuquerque, NM 87105


$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

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129 Manzano Street Ne

Albuquerque, NM 87108


$1,825,00018,700 SF

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.

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801 & 815 Florida

Deming, NM 88030


$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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43 Boneyard Road

Espanola, NM 87532


$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

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4400 2nd Street Nw

Albuquerque, NM 87107


$399,0008,260 SF

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

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415 Kit Carson Road

Taos, NM 87571


$399,0001,603 SF

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 d├ęcor 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!

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100 Butler St

Ruidoso, NM 88345


$689,0005,789 SF

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.

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433 W. 2nd St.

Capitan, NM 88316


$115,0001,875 SF

Duplex located one block from Capitan schools. 2 bedroom/1 bathroom in front and 1 bedroom/1 bathroom in back. Front unit recently painted and back unit remodeled. Exterior recently painted. Nice quiet street. Close to everything in town.

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566 Jane Street Ne

Albuquerque, NM 87123


$170,0002,000 SF

Strategically Located Fully Rented 4 plex. Eight blocks from the corner of Juan Tabo and I-40. Totally upgraded rooms with dependable tenants. Good layout for maximum comfort of tenants. Plenty of parking spaces in front of or behind each unit. 100 yards from a beautiful city park. Eight blocks from Shopping and Banking and Retail. the tenant(s) need 24 hours notice and are very cooperative. Owner Financing options available.

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100 Bar Circle M Road

Vado, NM 88072


$784,5003,112 SF

Enjoy this beautiful 3,112 sq. ft. home in Former Bishop Ranch with 3 bedrooms 3 bath, on a 40 acres lot, with 16" tile all over the house, a large and comfortable kitchen with custom cabinetry, granite counter tops, stainless steel appliances, pantry, office and laundry room, relax in the spacious living room with vaulted ceiling , finished with detailed pine wood. Lots of exterior amenities includes, 2 air conditioner units, professional design and installation of front and back yards, facility for RV hook-up with separate utilities and septic tank, standing seam metal roof (no screws, no holes), additional water system includes pump house and 5,000 gallons tank, work shop, horse training pens and stalls, tack room, pasture sheds. The construction of the house exceeds National Uniform Building Code.

New Mexico Apartment Buildings for Sale

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