6720 Cochiti Road SE, Albuquerque, NM 87108
- $579,000
- 3
- BD
- 3
- BA
- 4,300
- SqFt
- List Price
- $579,000
- MLS#
- 1106356
- Property Type
- Multifamily
- Bedrooms
- 3
- Bathrooms
- 3
- Sqft. of Residence
- 4,300
- Lot Size
- 13,552
- Region
- Fairgrounds
- Status
- ACTIVE
Property Description
Start price is 10.41% cap rate at 6720 Cochiti SE presents a rare opportunity to acquire a nine-unit multifamily property in immediate proximity to Albuquerque's historic State Fair / EXPO NM. The State of NM, has approved an initial $114M in funding for what could become a ''billion dollars'' per Governor Lujan Grisham. Although the area appears a bit rough now, the state has indicated they intend to redevelop the NM Fair grounds, located just north of this property with $200M of redevelopment that could include a stadium for NM United, as well housing retail and a complete mixed-use community. The subject property is located about 400 feet due south of the center of the current State Fair grounds. One date for tours (noon 7/21) and one date for offers 7/22.
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Additional Information
- County
- Bernalillo
- Subdivison
- Fairgrounds Addition
- Acres
- 0.31
- Appliances
- Refrigerator
- Construction
- Block, Frame, Stucco
- Cooling
- Evaporative Cooling
- Flooring
- Tile
- Heating
- Wall Furnace
- Owner Pays
- Other, See Remarks
- Utilities
- Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
- Zoning
- MX-H*
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Listing courtesy of Todd D Clarke from NM Apartment Advisors, Inc.
Some of the information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers’ personal, non-commerical use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.