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Jeremiah Collins

redbooth@gmail.com +1(505) 710-5478

Listed by NM Apartment Advisors, Inc.

$ 740,831

Est. payment | -/mo

3 Beds

3 Baths

4,300 SqFt

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$ 740,831

Est. payment | -/mo

Save

3 Beds

3 Baths

4,300 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,300 sqft

Price per Sqft $172

Subdivision Fairgrounds Addition

MLS Listing ID 1106356

Bedrooms 3

Construction Status Resale

HOA Y/N No

Year Built 1950

Annual Tax Amount $6,952

Lot Size 0.310 Acres

Acres 0.31

Lot Dimensions Public Records

Property Sub-Type Multi Family

Property Description

On behalf of the owners, NM Apartment Advisors and Deacon Property Services are excitedto bring to market such a high rate of return multi-family investment. Located at 6720 CochitiSE - just one block from historic Route 66 which contains the spine of Albuquerque's masstransit corridor. Although the area appears a bit rough now, the state has indicated they in-tend to redevelop the NM Fair grounds, located just north of this property with $200M of re-development that could include a stadium for NM United, as well housing retail and a com-plete mixed use community.6720 Cochiti SE offers a fantastic opportunity to capitalize on cross-community concentrationon improving the International District and the Fairgrounds neighborhoods. The compound of9 units has been totally updated and fortified by quality metal fencing and multiple secureddrive-thru & pedestrian gate entries. Inside the compound, residents enjoy meandering walk-ways to their unique casita-style 1 bedroom apartments, secured common patio space, acommon laundry room, and secured off-street parking. All apartments have been properlyupdated with quality, long-term finishes including thermal windows, luxury vinyl plank flooring,custom tile work, and contemporary fixtures.Beyond its proximity to Expo NM/State Fair grounds, Kirtland Air Force Base, Sandia NationalLaboratories, Ta-Lin International Marketplace and the 3 million square feet of retail in ABQ'sUptown Area, any savvy investor knows there are three magic numbers for Albuquerque:100, 320 and 24,343. Albuquerque has been home to the historic mother road, Route 66, for100 years of its 320-year history, and it's currently undergoing a housing shortage of 24,343units. Do not miss out! This marketplace has not offered a 8%+ cap rate multi-family investment opportunity in many decades - especially on a property that has already been so significantly updated.

Location

State NM

County Bernalillo

Area 70 - Fairgrounds

Interior

Heating Wall Furnace

Cooling Evaporative Cooling

Flooring Tile

Fireplace No

Appliance Refrigerator

Exterior

Utilities Available Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected

Accessibility None

Building

Story 1

Entry Level One

Level or Stories One

New Construction No

Construction Status Resale

Others

Tax ID 101805742508041114

Acceptable Financing Cash, Conventional

Green/Energy Cert None

Listing Terms Cash, Conventional

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(505) 710-5478

redbooth@gmail.com

150 Washington Ave Suite 201, Santa Fe, NM, 87501, USA

6720 Cochiti RD SE Albuquerque, NM 87108

Jeremiah Collins

Key Details

Location

Interior

Exterior

Building

Others

Nearby Locations

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6720 Cochiti RD SE