Albuquerque NM Real Estate & Homes for Sale

a core asset in a beloved Nob Hill neighborhood. Well-built and well maintained - each apartment at 201 Manzano and 202 Quincy NE offers a unique floor plan with amazing vintage and classic touches. Units come with carports/garages, refrigerated air and forced central heating, private off-street parking, bonus storage, on-site laundry, and lots of unique extras. Some units have private yards as well. Quality bones, well-made vintage finishes, solid and modern mechanical systems - a buyer with vision can reap the benefits of easy cosmetic updating and modernization to push rents in alliance with the improving east Nob Hill submarket. These back to back communities, separated only by a public alley are within close proximity to mass transit and extra space would be ideal for any owner.

Zia at Nob-Hill's current ownership is on a runway towards achieving a 8.15% cap rate with individual unit renovations and higher rents.The owner has done all of the non-sexy capital items including upgrading landscaping (2019), improved the parking lot (2020), installed new gas-lines (2019), a new roof (2019) and a security gate for parking. As units turn-over, the owner has developed a unit upgrade plan allowing them to capture higher rents. This combination makes the property a value add with the potential to renovate units and raise rents to a level closer to the neighboring property creating a potential cap rate of a 8.15%.Property amenities included high speed internet and laundry care facilities. This is a core asset with stabilized cash flows that could also be

Newer construction built in 2008 - CONVENIENT LOCATION- near Base, University, Fairgrounds. Lovely Open Concept , 9' ceilings, Refrigerated AC, Transferrable Roof warranty on New TPO- 2023. ABC's special build project in 2008- great story on this house of healing and restoration! Large great room open to dining & kitchen. Kitchen has prep island- seats 4-5, gorgeous cabinets, Stainless Steel & black appliances: frig, range, microwave, DW, large walk-in pantry, Gas stub behind electric range gives both options. TWO en-suite bedrooms with double sinks and walk-in closets. Light wood veneer floors, white paint, laundry closet, mud room not included in sq footage. Call for your private tour today!

30 unit multifamily opportunity with 28 studios, 1 - 1/1, and 1 -2/1. 15 units have been remodeled! Property features newer TPO roofs and owned solar!

Beautiful 3br/2ba home with lots of natural light. Open floorplan and lots of owner updates. Modern kitchen features custom cabinetry, stainless appliances and granite counters. Two spa-like bathrooms feature custom imported tile. Original white oak hardwood flooring has been professionally refinished. Full xeriscaping front & rear. Very private back yard with large covered patio and large storage shed. Close to shopping, dining and nightlife.

10 unit, recently renovated community which is located near the new Max-Q mixed-use development.Measures of investment performance at ask price of $949,530 and current average rent of $808 are a GRM of 9.79, a 6.04% cap rate, $94,530 per unit, $124.19/sf. If rents are raised to the market of $925, the measures of investment performance improve to a cap rate of 7.14%.10 additional units available on opposite end of the block.The property is located jus a couple of blocks away from the new, under construction headquarters for the Albuquerque Community Safety (ACS), a new city department dedicated to helping the homeless that responds to 911 calls for mental health, substance use, and homelessness issues.

The prior owner remodeled the property with a new TPO roof, new soffits, new windows, synthetic stucco, new solid laminate flooring, updated lighting, updated electrical, as well as replacing some of the hot water heaters, and new central forced air furnaces.Measures of investment performance at ask price of $925,488 and current average rent of $806 are a GRM of 9.57, a 5.97% cap rate, $92,549 per unit, $119.88/sf. If rents are raised to the market of $950, the measures of investment performance improve to a cap rate of 7.41%.Employment in this area is on a uphill trajectory due to the recent expansion of Netflix, Intel, Amazon and Northrop Grumman which has just completed construction of a new office building a few blocks away

DO NOT DISTURB TENANTS.Shown by appointment ONLY and will only be shown with accepted deal.8.00% CAP RATE ON NOI. See broker for financial information.Fully Leased! Recently Remodeled! This Property has been recently remodeled with a number of improvements including new roofs, stucco, windows, doors.Landscaping, paving, and gravel driveway is all new.The units have kitchen remodels including countertops, cabinets, backsplashes, stainless appliances. Apt 1 received a full interior renovation.Apt 2 received a kitchen & living renovation. Apt 3: kitchen renovation, flooring, The 3 bed Home received updates throughout including a kitchen renovation and 3 new refrigerated air units and has a private walled yard area.

Measure of investment performance include 6.45% cap rate at $449,114 ask price.The prior owner remodeled the property with a new roof, new windows, syntheticstucco, hard surface flooring, new lighting, new vanities, washer/dryers newevaporative coolers updated electrical, wrought iron security fence, new toilets aswell as replacing some of the hot water heaters and furnaces.This 4-plex is located in an area of that has had major announcements of new employment.Couple that with the impact of the citywide expansion of Netflix, Facebook,Intel and Amazon and this property is well positioned to enjoy the forthcomingwave of appreciation and rent growth.

130 Rhode Island SE with average rents now at $830, a 18% increase over June 2022 when they averaged $681 and at the ask price of $373,105 the measures of investment performance include a GRM of 9.37, a before reserves cap rate of 6.28% and an after tax IRR of 12.70%. If rents are raised to the market of $1,247 (which an identical property on this street is achieving), the measures of investment performance improve to a cap rate of 11.11%, and cash on cash of 22.86%In addition to raising rents to the market untapped upside exists in renovating and generating income from the unused laundry rooms.Extensive renovations list can be found on page 6 of the flyer(s) and full inspection reports, leases and additional information for 130 Rhode Island SE are available to qualified investor

Fabulous, new build in 2008, single owner home, conveniently located near Kirtland Air Force Base. A highly desirable 3 bed 2 bath configuration with the primary bedroom on the main floor. Large backyard with dog run and a detached 2 car garage. New TPO roof in 2019. New kitchen flooring in 2024. Home has solar panels with an assumable lease. Seller is offering a $5000 buyer allowance with suitable offer!