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 with an OPPORTUNITY FOR SELLER FINANCING. Located at 6720 Cochiti SE - just one block from historic Route 66 which contains the spine of Albuquerque's masstransit corridor. The state of NM has indicated they intend to redevelop the NM Fair grounds, located just north of this property with $200M of redevelopment that could include a stadium for NM United, as well housing retail and a complete 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.Do not miss out! This marketplace has not offered a 8%+ cap rate multi-family investment opportunity with Seller Financing Options in many decades - especially on a property that has already been so significantly updated!

Property Features