Charming 2 Bedroom/ 1 Bathroom, with fireplace 3 blks from UNM, adjacent to Nob Hill, easy access to Downtown/Uptown/Airport/Kirtland AFB/Sandia Labs. Hardwood floors. Off street parking for 2 cars. Fenced and walled backyard for privacy. Only lender required repairs will be considered.
423 Princeton SE is located just 4 blocks to UNMs main campus with quick and immediate access to an ART Stop and all that downtown and Nob Hill have to offer. With a 69 Walk Score, 79 Bike Score and a Transit score of 44, and is in the epi-center of the UNM/CNM campuses and close to the University area Smith's Grocery store. The property will have a unit ready for an owner occupant in the last half of May 2024.Measures of investment performance at ask price of $508,245 and current average rent of $975 are a GRM of 10.86, a 6.13% cap rate, $127,061 per unit, $247.20/sf. Ten recent closed or pending sales indicate a value closet to $510,269.The owner is including the ocean container unit, use
311 Princeton SE is located just 3 blocks to UNMs main campus with quick and immediate access to an ART Stop and all that downtown and Nob Hill have to offer. With a 77 Walk Score, 85 Bike Score and a Transit score of 43, and is in the epi-center of the UNM/CNM campuses and is just steps from the Smiths Grocery store. The owner has positioned this sale to make it easy for an owner occupant to view the main house. Measures of investment performance at ask price of $459,974 and current average rent of $1,133 are a GRM of 11.27, a 5.87% cap rate, $153,325 per unit, $169.79/sf. Ten recent closed or pending sales indicate a value closet to $465,092.
Well-maintained, four-plex investment property situated two blocks from UNM. Upgraded plumbing and electrical. New fencing. Re-roofed last year with a transferable warranty. Nicely landscaped front and rear with off street parking. Unit 1 is a one bedroom with a large living room and original built-in shelves. The full sized kitchen has many cabinets and shelving. Rear atrium is for the refrigerator and 3/4 bath. Unit 2 has two rooms with a full bath and kitchen with a walk-in pantry. Freshly refinished wood flooring throughout. Units 1 and 2 each have a fireplace. Units 3 and 4 are smaller one bedrooms with 3/4 baths. Units 1, 2, and 3 share a centrally located courtyard. Unit 4 has a larg
Units are separately metered - gas and electric. Units A and B share a private, recently updated laundry room. 421 1/2 has its own washer / dryer. Residents love the romantic atmosphere and artisan work around every corner - stained glass accents, custom wood work, built-ins, Talavera tile, meandering pathways, and extensive garden areas. Top UNM market rents come easily with plenty of room for simple value add. Measures of investment performance at ask price of $556,936 and current average rent of $1,232 are a GRM of 12.95, a 5.67% cap rate, $183,645 per unit, $300/sf. Properties like this, in a market where amazing job growth from all of the new Netflix, Facebook, Intel and Amazon jobs, g
Have you dreamt of a centrally-located compound in the heart of Nob Hill? Here's what's included in this phenomenal investment/live/work opportunity:- A front dwelling that's been used as a law office and commercial space for years, but could easily be converted back into a functional house. 3 bedrooms and a half bathroom, a kitchen, living and dining room. - A second home with south-facing windows, incredible natural lighting, a kitchen/living room, 3 bedrooms and 2 bathrooms. - A studio casita with laundry, 3/4 bathroom, and abundant south-facing lighting. - A vacant lot with flexible zoning for future expansion, & its own separate access off Silver Ave. The property is covered with
Explore the potential of this solid investment opportunity near the University of New Mexico (UNM). Perfectly situated, tenants enjoy the convenience of walking to UNM, public transportation, shops, and restaurants, making it an ideal location for both students and professionals. Key Features: Prime Location: Strategically located for easy access to UNM, public transportation, shopping, and dining. Attractive Cap Rate: With a cap rate exceeding 5%, this investment promises a robust return on investment. Residential Mortgage Rates: Currently, there's a unique opportunity to occupy one unit and benefit from residential property mortgage rates, adding an extra layer of financial advantage. Spa