Share this with your friends
(505) 428-9547
Scarborough Realty Group
4600 Zuni Rd Se, Albuquerque, NM 87108
- $764,977
- List Price
- $764,977
- MLS#
- 1111038
- Property Type
- Multifamily
- Lot Size
- 13,939
- Region
- UNM South
- Status
- PENDING
Property Description
On behalf of the Owner, Deacon Property Services and NM Apartment Advisors are excited to bring to market a unique, classic Ridgecrest 7-unit apartment complex with significant value add potential. All units are separately metered for gas and electric and have been partially updated over the years - some with more complete modern features and others more vintage. All units offer delightful spacious patio / front porch entries with a variety of quality features - like built-ins, hardwood floors, updated and open kitchens, spacious living areas, and great off-street parking options. The next owner can choose from an assortment of low-hanging value-add options for each unique apartment and the overall community to push rents to top market levels. Investors are encouraged to consider such a product with a collaboration with the Ventana Fund(see term sheet on page 5 of the flyer) for New Mexico's most competitive financing options for multi-family acquisitions and rehabilitation projects. This unique compound features two triplexes + a casita. Each triplex offers two spacious 1 bedroom apartments and one larger 2-bedroom apartment. The two bedrooms apartments each include a sizeable backyard and washer / Dryer in unit. The property also boasts an additional standalone / spacious 1 bedroom casita with a separate private yard. Located in an Excellent Ridgecrest location on a quiet block close to Nob Hill, Highland Pool, and great parks.
/u.realgeeks.media/buysellnewmexico/Logo-min.png){kind=logo}
Additional Information
- County
- Bernalillo
- Subdivison
- Parkland Hills Add
- Acres
- 0.32
- Interior Features
- Ceiling Fans
- Appliances
- Electric Range, Refrigerator
- Cooling
- Evaporative Cooling
- Flooring
- Carpet, Tile, Vinyl
- Heating
- Wall Furnace
- Tenant Pays
- Electricity, Gas
- Roof
- Flat
- Utilities
- Electricity Available, Natural Gas Available, Sewer Connected, Water Available
- Zoning
- R-MH*
How much is your home worth?
...get instant property value now!
Mortgage Calculator
Listing courtesy of Kyle E Deacon from Deacon Property Services
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.