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$4,375,000

1920 Vassar Drive NE Albuquerque, NM 87106
25,370 Sq. Ft
Courtesy Of NM Apartment Advisors Inc.
MLS# 837118
PROPERTY DESCRIPTION: 
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 community's location is in an irreplaceable NE heights neighborhood, just north of Netherwood Park, surrounded by $250,000-$350,000 residences, adjacent to the main bike path (along the AMFCA channel), and within biking distance of UNMs legal and medical campuses, Whole Foods, the Tennis Club of Albuquerque and the North Campus/Girard mixed use corridor.
FEATURES:
Age: 31-40 Years Old
Appliances: Dryer, Microwave, Oven - Gas, Refrigerator, Washer
Architecture Style: Other
Exterior Type: Stucco
Floor Covering: Concrete, Tile, Vinyl
Heating System: Forced Air
Lot Size: 1.04 Acres
Roof Type: Unknown
NEWLY LISTED

$3,622,925

Covered Wagon Se Albuquerque, NM 87123
2,000 Sq. Ft
Courtesy Of New Mexico Properties/Allstar, REALTORS
MLS# 848734
PROPERTY DESCRIPTION: 
What a portfolio, 17 homes and one townhome. All currently rented . Beautiful homes in our upcoming four hills. walk to movies ,starbucks , and groceries. easy bus route to nob hill and university.
FEATURES:
Age: 6-10 Years Old
Appliances: Dishwasher, Dryer, Microwave, Refrigerator, Washer
Architecture Style: Other
Cooling System: Evaporative
Exterior Type: Stucco
Fireplace: Fireplace
Floor Covering: Carpet, Tile, Vinyl
Heating Fuel: Natural Gas
Heating System: Forced Air, Fireplace
Lot Size: 0.1 Acres
Parking Type: Garage
Roof Type: Composition Shingle

$3,500,000

1502 Bender Hobbs, NM 88240
54,900 Sq. Ft
Courtesy Of NM Apartment Advisors Inc.
MLS# 847389
PROPERTY DESCRIPTION: 
NM Apartment Advisors and Holfeltz Realty LLC is proud to bring to market a rare opportunity to purchase a distressed value-add asset in a high employment market of NM's booming Energyplex.The Regal Manor apartments, a 60 unit apartment community is offered for sale by the US Bankruptcy Court, NM District, at an ask price of $3,500,000, $58,333 per unit, $63.75/sf, 10.61% before reserves CAP rate, 10.19% after reserves CAP rate, with a potential 23.66% cash on cash return.This property currently has 25% of its units vacant, and it's likely the bankruptcy trustee will narrow that vacancy down to 15% this month.Average rents for this community $1,114, but there is room for improvements as average rents in Hobbs are $1,225. Don't miss out - while this property needs some TLC.
FEATURES:
Appliances: Dishwasher, Microwave, Refrigerator
Architecture Style: Other
Cooling System: Ceiling Fan(s)
Exterior Type: Stucco
Floor Covering: Carpet, Tile, Vinyl
Heating System: Forced Air
Lot Size: 2.35 Acres
Parking Type: Parking Lot, Paved or Surfaced
Roof Type: Unknown

$3,110,000

419 Monroe Street NE Albuquerque, NM 87108
33,000 Sq. Ft
Courtesy Of NM Apartment Advisors Inc.
MLS# 847327
PROPERTY DESCRIPTION: 
NM Apartment Advisors Inc. is proud to bring to market the Zia East apartments. Located just north and east of Albuquerque's retail, restaurant mecca, Nob Hill, the Zia East apartments are adjacent to Zia park and Zia Elementary school. Originally built in 1960, many of the one bedroom one bathroom units have the original 60's decor and offer an abundance of storage and natural lighting. Possible interior upgrades include adding dishwashers, garbage disposals and updating surfaces. Possible exterior upgrades include moving to refrigerated package hvac units, solar carports, community gardens, and bike facilities.Based on the ask price of $3,110,000 and an average rent of $605 ($0.93/sf), the property offers a 6.74% Cap rate, 17.9% before tax IRR, and a 14.1% after tax IRR on actual
FEATURES:
Age: Over 50 Years Old
Appliances: Refrigerator
Architecture Style: Other
Cooling System: Evaporative
Exterior Type: Stucco
Floor Covering: Carpet, Tile, Vinyl
Heating System: Forced Air
Lot Size: 1.3 Acres
Roof Type: Unknown
MLS# 847422
PROPERTY DESCRIPTION: 
Located in Deming, NM these 40 units are neat, clean, and well-tended too and ooze with pride of ownership from the onsite owner/developer/management team.The community's location is in high demand part of Deming, NM. Known for its railroad, trucking and transportation connections, Deming is also home to two world class vineyards, and a 90 mile trade area around Deming includes a population of 752,132 people.The current owner purchased the property in 2000 with 8 apartments built in the 1980's. These apartments have been renovated from top to bottom and inside out with new roofs, plumbing, etc. In 2007, the owner developed a duplex of one bedroom/one bathroom units, followed by 30 more units in 2008. The new units are spacious, have washer/dryer connections, refrigerated air an
FEATURES:
Age: New Construction, 6-10 Years Old
Appliances: Refrigerator
Architecture Style: Other
Cooling System: Ceiling Fan(s), Evaporative
Exterior Type: Stucco
Floor Covering: Carpet, Tile, Vinyl
Heating Fuel: Natural Gas
Heating System: Forced Air
Lot Size: 3.6 Acres
Parking Type: Guest
Roof Type: Unknown

$2,450,000

200 Rio Grande Albuquerque, NM 87102
18 Beds 18,150 Sq. Ft
2 Full Baths
Courtesy Of NM Apartment Advisors, Inc.
MLS# 201404176
PROPERTY DESCRIPTION: 
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. Tour - September 4th, 2014 at noon, offer deadline September 10th at 5pm. Email Listing agent for tour registration/document link
FEATURES:
Architecture Style: Other
Cooling System: Central A/C
Exterior Type: Adobe
Heating System: Heat Pump
Lot Size: 0.71 Acres
Roof Type: Unknown
Rooms: Bedroom, Full Bath
MLS# 201501137
PROPERTY DESCRIPTION: 
This stately and historic adobe compound is a rare investment opportunity, with extraordinary and endless possibilities. Purchased from the Nature Conservancy and once used by Taos Native Americans as a resting oasis to bathe, fish, and hunt, this lush property includes mature fruit trees, huge Cottonwoods, lilac bushes, and other flowering bushes, with an Artesian spring, waterfall, and stream. Called Star Waters by the Taos Pueblo. Currently, a well-known and established destination art gallery with a sculpture garden, in a Japanese style with meandering footbridges crisscrossing the stream, with benches to relax and contemplate its serene peace. An exquisite home renovated to its hacienda splendor, is assembled into the gallery complex. Also included in the sale are four traditional Adobe casitas with authentic Native American details including Kiva fireplaces by Carmen Velarde, and Vigas (timbered ceilings). There is a teahouse with soaking tub, and a 2-car garage with studio apartment. The majestic distant views of the Sangre de Cristo Mountains complete this awe inspiring one-of-a-kind offering. Perfect for a spa, artist colony, art gallery, retreat, vacation rentals, or investment property. The property is strategically located to take advantage of the new improvements coming to Taos and the Taos Ski Valley. Beyond Special.
FEATURES:
Amenities: Security System, Security System
Appliances: Dishwasher, Dryer, Microwave, Oven, Refrigerator, Washer
Architecture Style: Other
Cooling System: None
Exterior Type: Adobe
Fireplace: Fireplace
Heating System: Baseboard, Baseboard, Radiant, Radiant, Fireplace
Lot Size: 2.58 Acres
Roof Type: Tile

$1,650,000

Nm-38 Red River, NM 87558
24,652 Sq. Ft
Courtesy Of Coldwell Banker Headin' Home Realty
MLS# 97124
PROPERTY DESCRIPTION: 
2 side by side lodges fully furnished, ready for guests. 42 units, including motel style to 3 BR, 3 bath, some with fireplaces and fully equipped kitchens. 2 laundry areas with commercial W/D's. Three outdoor areas with fire pits, horseshoes, pergola w/tables & chairs, dry stack artisan fireplace, kids play area. Two indoor areas for groups from 25 to 100 persons, with cooking facilities and wood burning stove or fireplace. Located at the edge of town with mountain views and wildlife watching - deer, golden eagles, chipmunks, and the occasional bear or bobcat. Close enough to walk, or ride the Miner's Transit Trolley, to town for fine dining, shopping, entertainment, skiing, hiking, fishing, horse back riding, exploring and various other activities for the young and young at heart, that Red River and the Enchanted Circle scenic byway have to offer. Perfect get away for couples or family reunions or group gatherings or destination weddings. Great investment opportunity for a couple or family, who want to live and work in a lovely mountain resort town.
FEATURES:
Style: Multi-Family (5-20 Units)

$1,584,000

18 Alamosa + 15 others Los Lunas, NM 87031
19,580 Sq. Ft
Courtesy Of NM Apartment Advisors Inc.
MLS# 835068
PROPERTY DESCRIPTION: 
16 single family rental homes for sale - all currently leased - management is in place - call LA for registration info.13% proforma CAP rateBuilt in the 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.Located in two subdivisions of Los Lunas, NM and contained with Valencia County, which is forecast to grow by 107% in next 20 years.In market property manager just negotiated a 20% reduction on property taxes - proforma CAP rate at 13.0%, cash on cash 31.5% at ask price is $1.584M. Current average rents $914, proforma rents at $1,016 or 11% increase over existing level. Lender quote for 30 year financing is available.
FEATURES:
Age: 11-20 Years Old
Appliances: Dryer, Washer
Architecture Style: Other
Exterior Type: Stucco
Floor Covering: Carpet
Heating System: Forced Air
Lot Size: 8.33 Acres
Roof Type: Unknown
MLS# 782202
PROPERTY DESCRIPTION: 
Call Tim Henderson at( 575) 649-5771 for additional information on this 72 Pad Mobile Home & RV Park, with 46 Mobile Home Spaces & 26 RV Spaces. 95% Occupancy Rate, Laundry Mat & Showers - Outside Storage Bldg. CALL Today to learn about your Possible Annual Income Potential. 2230 RV Park Separately Deeded but Sold Together. This is located in a superb location. Very good investment opportunity.
FEATURES:
Architecture Style: Other
Lot Size: 5.8 Acres
Roof Type: Unknown
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New Mexico (State) Real Estate & Homes for Sale - 229 Listings Found

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