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.
Tour - 9/18/2014 @ noon, Offer deadline 9/24/2014 @ 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.
33,642 SFPrice Upon Req.
Auction.com and New Mexico Apartments Advisors present the opportunity to acquire Girard Commons, an ideal millennial housing community located in a mixed-use, infill neighborhood approximately 1 mile from the University of New Mexico (27,197 students). With a bike score of 91, free high speed wifi internet, 100% furnished units, a sparkling swimming pool, a laundry facility in each of the three buildings, ample parking, a business center and TV lounge, Girard Commons offers all of the amenities millennials are looking for. Since 2012, the community has experienced positive, double digit rent growth, including 4.8% in the first half of 2014. The exterior of Girard Commons was renovated by the current owners, but the unit interiors have not been and would benefit from implementing a value-add program. Many of the units are rented to students, however, current ownership recently leased two corporate units at $1,000 and $1,200 (vs. the market rent for $575), which also proves the demand and upside potential in expanding the corporate rental program.
Built in the 1980s, the subject property is located within walking distance to the three main courthouses that are located in downtown Albuquerque. The property consists of two townhouses on one large lot. The current owner renovated each townhouse and opened them up to each other, in a way that supports a true urban loft live/work space, while maintaining the ability to separate each space from the other. Renovation includes amazing embedded technology and media.
Registered on the National Register in 1994, this historic property represents a unique opportunity to own a renovated property on the Mother Road, Route 66. The original property dates back to the 1930' s as one of the original automobile tourist courts, El Campo. The property was remodeled in the mid 1990' s and additional land was filled with ministorage units. The commercial zoning of the property allows for residential, commercial and ministorage uses. A potential buyer could locate their business here and run the balance of the property. The current owner desires an all cash sale and local financing is available. The property contains 16 apartment units and 119 ministorage and/or RV units
43,505 SFPrice Upon Req.
Recent onsite renovations include the addition of a resident lounge, a new business center which complements the laundry care facilities in each building, high speed internet/Wi-Fi, and the graciously landscaped common courtyard, swimming pool and clubhouse at 1410 Girard NE. Property is being auctioned - see links for details - auction starts 10/6, concludes 10/8/2104.
5,624 SFPrice Upon Req.
Fabulous downtown location, recently renovated apartments, onsite caretaker, fast-track-high-density-development-friendly-zoning, enhanced area services via Business Improvement District (BID) and above market return at 11.8% CAP Rate. Renovations were made with Gen-Y appeal in mind! Don't wait - register for the property tour and confidential review documents at www.nmapartment.com/6thsilver Property is on auction.com website - bidding starts 10/6 auction.com/New-Mexico/commercial-auction-asset/193018716-7800-210-230-6Th-Sw-ALBUQUERQUE-NM-87102-B140 Owner/Agent.
Size Upon Req.$1,395,000
PRO-FORMA CAP: 10.87% ACTUAL CAP: 7.86% " 74-Space MH & RV Park (40 MH, 34 RV Sites) " Great Location on Historical Route 66 (Next to I-40 Freeway) " Clubhouse, Game Room, Office, Restrooms-Showers, Laundry & More!! " Beautiful area just minutes outside fast growing Albuquerque, NM!! " Just 10 min. from Albuquerque (45 min. from Beautiful Santa Fe)!! " Pride of Ownership park with lots of curb appeal *2013 Actual NOI: $109,827. *Price/Space: $18,851.35 Leisure Mountain is a 74-Space all-age MH & RV Park (separate sections), consisting of 40 MH spaces (all full hookups except 7 spaces have been approved by the County but do not have hookups extended to them and are not currently being rented). Utilities are right there next to sites and could be extended to 7 sites for additional income. Amenities include a newly remodeled clubhouse, game room with pool table & TV, park office, full laundry room (w/WEB leased machines), restrooms/showers, an attractive common area, natural mountain landscaping and a high-speed WIFI Internet System (park owned). PLEASE CONTACT LISTING BROKER FOR FULL MARKETING PROPOSAL & FINANCIALS!
Unique property that offers an owner's unit with 3 bedrooms, 2 baths, fireplace, and a 1-car garage. Large two bedroom units offer 1.5 baths. All yards are privately fenced. Recent improvements include paint, new carpet, appliances, and tile in some units. Square foot per units are estimates only and have not been verified. See attached APOD.
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