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201 Lincoln Avenue
Grants, NM 87020
$1,100,000
20 bd • 10 ba • 7,090 sqft • 0.4 acres
1 Story
Stories
$155
Per SQFT
1976
Year Built
07/09/2026
Listing Date
1106959
Listing #
87020
Zip Code
About This Property
Value-add multifamily investment opportunity in Grants, NM featuring 10 renovated units with 80% occupancy and immediate lease-up potential. Each unit offers the same spacious floor plan with washer/dryer hookups, stainless steel appliances, quartz countertops, garbage disposals, LVP flooring, and tiled showers. New energy-efficient mini-split HVAC systems were installed property-wide in 2024. Residents enjoy a secure gated courtyard. An additional ~600 SF, 1-bedroom/1-bath unit was converted from a storage unit with washer/dryer hookups; this provides the opportunity to create an 11th income-producing unit, subject to completion. 11th unit is roughly 75% complete.
Interior
Bathrooms Total:
10
Appliances:
Free-Standing Gas Range, Disposal, Microwave, Refrigerator
Laundry Features:
Washer Hookup, Dryer Hookup, GasDryer Hookup, In Unit
Flooring:
Carpet Free, Vinyl
Building And Construction
Property Type:
Residential Income
Property Sub Type:
Multi Family
Property Sub Type Additional:
Multi Family
Building Area Total:
7,090 sqft
Year Built:
1976
Construction Materials:
Brick, Frame
Levels:
One
Number Of Units Total:
10
Stories:
1
Property Condition:
Resale
Exterior And Lot
Lot Size Acres:
0.4
Lot Size Square Feet:
17,424 sqft
Exterior Features:
Landscaping, Lighting
Parking Total:
20
Provisional
MLS #:
1106959
Gross Income:
129000
Listing Terms:
Cash, Conventional
Number Of Buildings:
1
Operating Expense:
41000
Owner Pays:
Common Area Maintenance, Sewer, Trash Collection, Water
Tenant Pays:
Electricity, Gas
Total Actual Rent:
7950
Area And Schools
Utilities
Utilities:
Electricity Available, Natural Gas Available, Water Connected
Cooling:
Ductless
Heating:
Ductless
Heating (Y/N):
Yes
Location
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Directions: on U.S. RT 66 take a right onto 1st St, make a right at Lincoln Ave
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Listing courtesy of Weichert, Realtors Image
Some of the information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers’ personal, non-commerical use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.
Some of the information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers’ personal, non-commerical use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.
Daria Derebera
Real Estate Broker in Albuquerque, NM