The property contains a large two bedroom home, 5 two bedroom units, 5 one bedroom units and a studio apartment all in a private courtyard setting facing each other. Current rents are 30% below market.Measures of investment performance with an average rent of $738 and an ask price of $875,997 include $73,000 per unit , $116.80/sf, 6.76% cap rate, and an after tax IRR of 11.2%.If rents are moved closer to the market average of $975, the measures of investment performance improve to a 10.14% cap rate.Recent comparable sales indicate a value of $1,184,884 and the owner has priced these deals under market comparable sales to ensure an expedited closing.
''The Sophia'' by DR Horton which is a Meticulously crafted 3 bedroom, 2 bath and 2 car garage. Open great room and dining area, perfect for hosting soirees. Elegant kitchen with large kitchen island, Ceramic tile floors in kitchen, dining and all wet areas. Retreat to the spacious primary suite which has a on-suit bath with raised double vanity, ceramic tiled walk in shower and large walk in closet. Smart home with Amazon Alexa connect. Home qualifies for 5.99/6.5% rate with DHI Mortgage! $13,200 closing cost with any lender.
Extensively updated home in Sandia Heights on large 1.2 acre lot. One story home with 4 bedrooms, 2 1/2 baths & attached 3 car garage with built-in 28-drawer workbench. Brand new heated 2-car garage with area for workshop & amazing upper-level artist studio with stunning views. Inviting courtyard entry with custom metal gate. Updated kitchen with custom wood cabinets, granite countertops, stainless steel appliances, & water softening system (includes a reverse osmosis sys). Unique glass doors to the pantry & laundry room. Washer/dryer combo unit. Unique mosaic tile design in dining room & living room. Recently refinished Red Oak hardwood floors throughout. Private backyard with large, covered patio, fruit trees & raised vegetable planter.
Introducing Westway Homes AlbuqURBAN Series of Homes. This fantastic floor plan is an open, modern design built for the way we live today. The kitchen features designer cabinets and Bosch stainless appliances. The primary suite features a gorgeous bath with a tub, walk-in shower and enormous closet. This is a great floor plan in Albuquerque's most innovative community!
This stunning Los Ranchos home greets you with a new circular driveway and covered patio, lush landscaping, lots of trees. You will love the .70 acre lot w/sparkling heated gunite pool w/cover and cozy casita w/full kitchen, bed and bath plus laundry room. Main house has a gorgeous kitchen w/granite counter tops, large island, kiva fireplace, double ovens and built in bar, great room w/high ceilings, kiva gas log fireplace, ceiling fans. Primary suite w/jet tub, walk in shower, dual sinks, two walk in closets and dressing areas, plus another kiva fireplace, separate entrance out to the relaxing hot tub, more covered patios and pool. New stucco and new roof on casita. Beautiful southwestern accents, Vigas, T & G ceilings, lighted niches. See L/O comments for upgrades/updates!
A total of 53 units in 15 buildings in 9 concentration, all within 9 x 9 block area.Area amenities include Ta-Lin International market, Expo! NM, The NM State Fair, and the constructed International District Library.The portfolio straddles historic Route 66, home to the Albuquerque Rapid Transit corridor which offers quick connections to the Uptown retail district, Nob Hill, UNM/CNM Area as well as downtown, Kirtland Air Force Base and Sandia National Laboratories.The sellers are offering financing to qualified investors (*) with 21.5% down payment, 78.5% loan to value, 4.85% interest rate, 30 year amortization and a 6 year call. (*subject to sellers review of buyers credit report, financial statement, deal resume, and tax returns).Same owner has Single family portfolio FS
Gorgeous home in the Del Webb Mirehaven Gated Community! This 1,870 SF home has a beautiful southwest style exterior with a Spanish tile roof, 2BR's plus an additional one for an office/study, open kitchen surrounded by a large dining space and family room with lots of natural light. Kitchen offers SS appliances, a gas cooktop with an exposed hood, a large island with a kitchen sink facing the family room. Beautiful granite countertops compliment the stained cabinetry with lots of storage! As a plus, there is a full walk-in pantry, separate laundry room, and a spacious walk-in closet in MBR. Large porcelain tile floors throughout with cozy carpet in the BR's and office. The backyard has a covered patio looking towards a beautifully landscaped yard! PLEASE COME VISIT TO SEE MORE!!
*Contingent Offer Accepted*Located in a very desirable area, Sierra at the Trails, this 5BR/4Ba 2923-Sfhome with 3-Car Epoxied floor has Huge Bedrooms, walk-in Closets,fresh paint inside & out, updated Carpet & Fixtures, Balcony off Master BRwith Gas/Log Fireplace in a room big enough for 4 King sized beds. Alloutlets and light switches replaced, Top feature in this home is it has not1 but 3 Master Suites, (BRs with a private bath directly from the BRoffering more privacy) Additional amenities include Dual AC/Heating,Upgraded Maple Cabinets throughout, Kitchen Island with Granite tops,18'' Ceramic tile in all wet areas. Laundry, located upstairs with 4 of the5 BRs has 110V/220V/Gas Dryer connections & deep utility sink. Wiredfor Sec. Sys, Front Bubbler Xeriscaping.
Beautifully remodeled 4-bedroom, 2-bathroom sanctuary is the epitome comfort and style. Desirable neighborhood, this residence boasts an array of features. Enjoy peace of mind with a brand-new roof, offering durability and protection for years to come. The kitchen, has been updated with sleek countertops, stainless steel appliances, and updated cabinetry, perfect for culinary enthusiasts. Gather with loved ones in the expansive game room, ideal for hosting lively gatherings and creating lasting memories. Unwind after a long day in your private hot tub, nestled in the tranquil backyard oasis. Relaxation awaits! This stunning property offers the perfect blend of luxury and functionality, with an unparalleled opportunity to live your best life.SELLER OFFERING $3000 CARPET CREDIT.
Check out the amazing views of this unit. Enjoy the upscale luxury that you deserve. Feel like having a night out without the guilt? Journey down the elevator to uncover amazing food possibilities and nightlife options. OWN your space in the Hub of downtown Albuquerque. Why beat yourself up for missing out on the opportunity to have 2 balconies, each with their own view and unique experience? Dare to embrace your life at new heights. Enjoy peace of mind with off YOUR VERY OWN parking garage space. Embrace the new levels you were meant to reach and your new life. Video tour available via YouTube. Did I mention you get stackable washer and dryer too? Yep this is all possible and more. Schedule your showing and let's make it happen.
Welcome to your dream home in the vibrant 55+ community of Del Webb at Mirehaven! This meticulously maintained residence, offers a blend of southwest elegance and functionality. Numerous upgrades adorn this gem, including fencing on the front portal to enjoy your coffee and watch the sunrise in the mornings. The kitchen is a chef's delight, featuring pendant lights, a stone backsplash, and a large island perfect for entertaining.Custom window treatments enhance the interior, where wood-look vinyl flooring graces the great room and hallways, while plush carpeting adds comfort to the bedrooms. The layout encompasses two bedrooms and two baths, with a private office tucked away for your convenience.
Great opportunity for the investor. Mother-in-Law sweet with new cabinets and granite countertops. Fenced yard good size. Main house was rented for 4 Bedroom 1 bathroom. The home needs work. Property Being sold As Is conditions.
**SUBJECT TO AVAILABLE** RARE Albuquerque Country Club Assisted Living Facility** Real Estate & Business sold together. Residents enjoy the natural sunlight, piano room, outdoor seating areas, and secure facility. It is truly a home for them. There's nothing like this in the Huning Castle district with an aging population. 8 Private Rooms, 1 Shared Room. 3 ADA bathrooms. Don't miss the opportunity to add an operating assisted living facility with a fully remodeled facility in 2018 to your portfolio. This is an unskilled AFL with 10 beds AND a 2 bedroom Manager's apartment upstairs.
This beautiful 3 bedroom, 3 bath Adobe Southwestern Style home has epic mountain views (especially during Balloon Fiesta) and has ample opportunity! This adobe style home has a wood burning and a Kiva fireplace with Viga Style ceilings throughout. It can be a single/multi family home with an in-law suite or a great investment property such as a bed and breakfast! The home includes a workshop with a bathroom and all utilities. For the right home owner it can possibly be made into a casita. This home sits on 2.42 acres in the county and is zoned MH for mobile/manufactured housing and contains a vineyard. (Vineyard needs work, please call or see notes) There is an irrigation well and a drip system for possible crop growing. The home also has an oversized carport to fit several vehicles/RV.
Nice custom built house in a quiet neighborhood. All brick facade, high ceilings, newer heating and cooling units. 3 Bdrs 1 3/4 baths. venetian plaster finish in the entry way !! Spacious kitchen, and large bedrooms. Nice backyard with access to the side street.
Home listed below appraised value of $1,997,000. Equity for new buyer Backed to River & Bosque access. Just a hop skip and a jump from Rio Grande Blvd.Welcome to an exquisite custom home spanning over 7309 square feet of opulent living space nestled on a generous one-acre lot. This residence boasts a wealth of features, including multiple living areas, a dedicated media room, a fitness area, a versatile loft, and a meticulously designed office or library space complete with built-in"""""""""""""""""""""""""""""""" shelving.
A hidden gem & one-of-a-kind property in Albuquerque's desirable Ridgecrest area. A true palace set on a generous lot with mountain views, lush yard with a flowing waterfall pond and mature trees. This home is awash in luxury and opulence. Starting with a grand entryway, terrazzo floors and hand painted 14K gold accents. The living room is expansive, with raised-panel Honduras mahogany built-ins and a fireplace. The formal dining room is equally impressive, with a striking chandelier and designer fabric wall coverings. The kitchen is a chef's dream, with loads of mahogany, finished maple cabinets, shimmering countertops, brand new SS appliances and a breakfast nook with beveled glass windows to show the views. The primary suite is fit for a king or queen. Modeled after the Palace of Versailles with Verde Italian marble, a show-stopping brass garden tub, gold-plated fixtures, dual-headed walk-in shower & his-and-hers closets. The backyard can be viewed from a 2 level covered patio perfect for summer entertaining. This custom home also offers three bedrooms, two offices or a space for a massive home theatre two full baths, a wet bar, home gym, sauna, and secret workshop. DaVinci Shake roof with lifetime warranty. If you're looking for a truly unique and luxurious home, this is it. Don't miss your opportunity to be the , proud owner of this one-of-a-kind property.
*OPEN HOUSE SUNDAY 4/7/24 1-3PM!*Located in Villa de la Capilla subdivision in the North Valley, this two-story, three-bedroom, three-bathroom home with a two-car garage offers comfort, functionality, and style. The main floor features an open-concept living area that seamlessly connects the living room, dining area, and kitchen. The roomy and inviting atmosphere provides space for entertaining guests or enjoying cozy evenings in front of the fireplace. The kitchen is a true centerpiece of this home, offering stainless appliances, abundant cabinet space, and overlooking the living and dining areas as well as to the back yard. Lovely open space is a part of this neighborhood. Don't miss the opportunity to make this stunning home in a desirable neighborhood yours.
Welcome to this expansive 5 bedroom, 2 bathroom manufactured home, situated on a spacious lot. This property offers a workshop for your hobbies and a separate apartment for additional living space or rental income. The outdoor living area is perfect for gatherings and creating lasting memories. Don't miss out on this remarkable opportunity to enjoy a versatile and inviting home. Note: zoned mixed use for commercial as well.
This house is nestled in a quaint established and secluded north valley neighborhood, set in an area that has the feel of the country while being in the heart of the north valley. The house is a traditional southwest style design with thoughtfully interwoven modern custom design elements. The traditional exposed vigas and accented tongue and groove ceiling are contrasted against splashes of traditional New Mexico colors and exposed adobes.The floor plan features traditional spaces elegantly washed with natural light supplemented with custom lighting. The floor plan features unique spaces including a cozy library reading area, private conversation areas and a second story art studio with a balcony. This space can also be used as a fourth bedroom if needed
Welcome to your Dream Home! This masterpiece boasts an array of custom amenities that elevate luxury living to new heights. Step through the grand vaulted entryway adorned with exquisite ceramic tile, setting the tone for the elegance that awaits within. A gourmet kitchen, meticulously crafted with custom cabinetry, sleek quartz countertops, a captivating backsplash, and top of the line stainless steel appliances. Ascend to the second floor and discover a loft, offering endless possibilities as a cozy lounge area or versatile flex space. Each bedroom is a sanctuary of its own, featuring walk-in closets that provide ample storage and organization. The primary suite exudes sophistication with its expansive layout, double closets and a chic double vanity adorned with a timeless color scheme.
Open House:
Saturday, 5/4 2:00-4:00PM
Check Out This Newly Renovated Home! Dreaming of a fresh start? This home is like a brand new adventure waiting for you! With a shiny TPO roof, you won't have to worry about leaks during those rainy days. And on hot or cold days? The new heating and cooling will make sure you're always comfy! Love spending time outside? The big yard is perfect for fun and games. It is a blank canvas for you to create your masterpiece, and there's even backyard access! Inside, the newly renovated home with an open floorplan is perfect for gatherings or just enjoying a nice relaxing evening. The cool grey and blue colors will make you feel like you're in a modern dream. Come see it today!
Open House:
Saturday, 5/4 8:00-7:30PM
This charming home is a must-see! With a natural color palette, fresh interior paint, and a cozy fireplace, it's a great place to call home. The kitchen has a nice backsplash and plenty of storage in the primary bathroom's under sink. There are also other rooms for flexible living space. Outside, you'll find a fenced-in backyard with a covered sitting area--perfect for entertaining or relaxing. Don't miss out on this wonderful opportunity!
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