Measures of investment performance at ask price of $3,965,358 and current average rent of $745 are a GRM of 10.08, a 6.65% cap rate, cash on cash of 6.42%, $90,122 per unit, and $154/sf. If rents were raised to market rents of $1,002, measures of investment performance increase to a GRM of 7.50, and a 8.65% cap rate.Please note the numerous property upgrades listed in the flyer and pay special attention to all of the new development in the area, including the recently opened City of Albuquerque Community Services Headquarter directly west of the property.Most of the apartments have been updated with contemporary finishes & luxury vinyl plank flooring throughout. Secured access / courtyard entry to all buildings and apartments with 47 off street parking spaces (2 carport) ...
Attention developers, builders, investors, large lot seekers! Exciting opportunity in growing Volcano Cliffs Subdivision. Subdividable approximately 2.11 acre site Zoned R-ML, 5 new houses across the street, municipal water and sewer in the street, other utilities nearby serving the new homes. Level land, mountain views, easy access to Paseo del Norte NW, in Volcano Vista High School district. R-ML allows a variety of projects from Single Family Residential (homes, townhomes, duplex, multi-family) to Assisted Living. Development in this area is underway, time for you to jump in with your project too!
Charming 3 Bedroom, 2 Bathroom Home in Prime Location!Nestled in a quiet cul-de-sac right in town, this beautifully updated home features brand new flooring throughout. Enjoy easy access to the freeway, shopping, and dining--perfect for convenience and comfort. A great opportunity for families or commuters looking for a move-in ready home in a central location! Seller is offering $2,500 in buyer concessions.
Great location for commercial venture. This property is right on the highway with two separate side street access. Bring your dreams! This would make a great office space, maybe a car wash, farmers market/food stand, or whatever you can imagine. Property has a full boundary survey. All utilities are available except sewer which would need to be an advanced treatment septic system. Opportunities abound in this rural town of Mountainair. Great value! Priced to sell quick.
Nestled in the prestigious private Las Campanas community of Santa Fe, this newly built custom single story estate blends modern elegance with timeless Southwestern charm. Perched to overlook the lush fairways of the world-class golf course and endless views of the Sangre De Cristo Mountains, the home offers an unmatched lifestyle of sophistication and serenity. As one of the few residences approved for a private pool, it also features a soothing hot tub for year-round enjoyment. Expansive outdoor living spaces are paired with built-in speakers both inside and out, creating the perfect setting for entertaining or relaxing. Inside, enjoy breathtaking views through oversized Pella windows spanning more than 10 feet wide.
Discover the Mesquite by LGI Homes at Estrella at High Range, a stunning two-story home designed for modern family living. This spacious floor plan features four bedrooms and two-and-a-half bathrooms, including a luxurious master suite with a large walk-in closet and private en-suite bath. The open-concept main floor seamlessly connects the chef-ready kitchen, separate dining room, and family room, perfect for hosting gatherings or enjoying everyday moments together.Upstairs, you'll find a versatile tech area and a spacious game room that can be customized as a playroom, movie room, or entertainment space ideal for your family's needs. The Mesquite also includes a convenient laundry room close to all bedrooms for added ease. Featuring LGI Homes' CompleteHome(tm) package,
Discover the Mesquite by LGI Homes at Estrella at High Range, a stunning two-story home designed for modern family living. This spacious floor plan features four bedrooms and two-and-a-half bathrooms, including a luxurious master suite with a large walk-in closet and private en-suite bath. The open-concept main floor seamlessly connects the chef-ready kitchen, separate dining room, and family room, perfect for hosting gatherings or enjoying everyday moments together.Upstairs, you'll find a versatile tech area and a spacious game room that can be customized as a playroom, movie room, or entertainment space ideal for your family's needs. The Mesquite also includes a convenient laundry room close to all bedrooms for added ease. Featuring LGI Homes' CompleteHome(tm) package,
** Priced to sell! Development site with 24-unit apartment plans. Conceptual plans have already been approved by the City of Albuquerque's Development Review Board and the Fire Marshal's Office. Owner financing is available--20 % down, 3-5-year term, plus additional options. Build-to-suit services (custom design and construction available at cost) can also be arranged.
Establish your business in a high-traffic, high-visibility location in a great location in the Northeast Heights! This impressive freestanding commercial property, located on a prime corner lot on Lomas spans 3,500 square feet. The solid brick building is situated directly across from the Fairgrounds with exceptional monument signage and a ''gajillion'' vehicles per day, seriously, over 25,000 passing by daily. The building features a flexible layout with multiple offices and workstations, expansive storage and warehouse, two restrooms and a large, fenced outdoor area. With mixed-use zoning, it allows on-site living, offering security of your property from the comfort of your home. It has a newer roof, front awning, updated storefront windows and parking up to 10 spaces.
Welcome to this beautiful location with stunning 360 degree views! Visit at sunset and envision the panorama from your new home site which provides the spectacular landscape of mountains and mesas in every direction! The lot has options for a mostly level building envelope. With over 2.4 acres, there is room to spread out but also have neighbors in the area. 200 Acres of BLM Open Space is across the road. The lot includes ownership of NRP Water District water rights. This might be just the place you've been waiting for to build your forever home!
4 Acres of Historic Water Rights | Winery Facilities | Equestrian AmenitiesOwn your legacy. This is more than a property, it's a fully realized vineyard estate in the heart of Corrales, ready for you to write the next chapter. Just shy of 4 acres, pre-1907 senior water rights, and an established vineyard producing premium New Mexico-grown grapes come together to create one of the most compelling opportunities in the region for anyone ready to build a working vineyard, a boutique winery, an equestrian retreat, or simply an extraordinary way of life.A Vineyard With Roots in New Mexico HistoryApproximately one acre of mature grapevines anchors the estate, planted exclusively from distinguished New Mexico stock. Malbec vines sourced from Los Nutrias and Chardonnay vines descended from or
1-acre commercial parcel at the very front of the property sitting right on Corrales Rd. This two-story structure offers an open space with a loft, five rooms that could serve as offices, plenty of open space, a built-in reception desk, as well as a kitchen, bathroom, and plenty of parking.With a colorful history as a furniture gallery, office space, hair salon, tack store, bookstore, roofing company, and even a thrift shop, the property has proven its versatility time and again. Today, it stands ready for its next chapter, whether that be retail, office, studio, or a fresh new concept. With its prime location and flexible layout, the potential here is nearly limitless. The home and land behind the building is also for sale at 3821 Corrales Rd.if buyer is interested in purchasing togethe
Residential AND Commercial property4 Acres of Historic Water Rights | Winery Facilities | Equestrian AmenitiesOwn your legacy. This is more than a property, it's a fully realized vineyard estate in the heart of Corrales, ready for you to write the next chapter. Just shy of 4 acres, pre-1907 senior water rights, and an established vineyard producing premium New Mexico-grown grapes come together to create one of the most compelling opportunities in the region for anyone ready to build a working vineyard, a boutique winery, an equestrian retreat, or simply an extraordinary way of life.A Vineyard With Roots in New Mexico HistoryApproximately one acre of mature grapevines anchors the estate,
Welcome to this inviting 3-bedroom home featuring a sparkling pool, perfect for warm New Mexico days. The open layout includes tile flooring in the kitchen and family room, combining style and easy maintenance. A separate laundry room adds convenience, while leased solar panels help keep energy costs low. Giving you a ton of savings. The kitchen offers plenty of space for cooking and gathering, flowing seamlessly into the family room for everyday living and entertaining. Step outside to the covered patio, an ideal spot to relax or host friends while enjoying views of the pool. With comfortable living spaces, practical upgrades, and a backyard designed for fun and relaxation, this home is move-in ready and waiting for its next owner.
Two southwestern-styled houses on 8 acres (three lots)! House A is 2358 SF with 3 bedrooms and 3 bathrooms (en suites). It has a huge living room with kiva fireplace and large picture windows. Island kitchen with snack bar and spacious dining area with tons of cabinets. Exposed adobe and trombe wall for passive solar. It has a 2-car carport and 18x50 workshop/storage on 3 acres. Well supports both houses. House B is 1103 SF with 2 bedrooms and 1 bathroom. It has a huge living room with wood stove and formal dining off the kitchen. This house sits on 2.59 acres UPC 1010022470060000000. The vacant lot is 2.5 acres UPC 1010022450060000000.
Build your dream home on this high desert oasis! Building lot is cleared and has power, water, and fiber optic cable at the lot line. Enjoy sweeping views, diverse plant life, and abundant wildlife. If you are looking to build a private getaway cabin, or just live in a peaceful, quiet, rural community, you need to check this out.
Two southwestern-styled houses on 8 acres (three lots)! House A is 2358 SF with 3 bedrooms and 3 bathrooms (en suites). It has a huge living room with kiva fireplace and large picture windows. Island kitchen with snack bar and spacious dining area with tons of cabinets. Exposed adobe and trombe wall for passive solar. It has a 2-car carport and 18x50 workshop/storage on 3 acres. Well supports both houses. House B is 1103 SF with 2 bedrooms and 1 bathroom. It has a huge living room with wood stove and formal dining off the kitchen. This house sits on 2.59 acres UPC 1010022470060000000. The vacant lot is 2.5 acres UPC 1010022450060000000
This updated Southwest-style home is waiting for you! Step inside to discover a stunning custom-built gourmet kitchen featuring a generous 8-foot island and elegant quartz countertops, complete with all-new stainless steel appliances. The home showcases beautiful vigas throughout and offers an open living space highlighted by a cozy Kiva gas fireplace, perfect for relaxation or as a flexible area tailored to your needs. French doors lead to an inviting open patio, where you can soak in breathtaking views of the Jemez Mountains. This residence boasts two primary suites, each with spacious walk-in closets, and a convenient stackable washer and dryer located in the main primary bedroom closet in addition to the large laundry room located on the first floor.
Outstanding views in Heart of Cedar Crest Adorable Rare Find in Passive Solar nestled in tall pines. Fantastic views of Sandia Mountain range. Drenched in sunshine, with walls of glass to the South and timeless red brick floors to capture the sunlight. Beautiful quaint tile work throughout. Kitchen is so adorable and functional, open to the dining area. Oak Cabinetry. Large Bedroom down near full bath with huge walk in closet. Primary Bedroom suite up with amazing views in all directions. 3/4 bath off Primary Bedroom with Study/Library/Bedroom or sitting area. Large separate 30' X 30' workshop, approx. 900 sf, with an office area, excellent for Hobby area, Artist Studio, Boat storage and much more!Property is partially fenced and gated. Paved drive. Secluded yet minutes to town
This lot is a great price today that could have a great investment value in the future. On approved credit there is a vacant lot program available for this lot that only requires 20-25% down and has a 30 year repayment period. Call me today for loan officer information.
Experience this rare estate in the highly desirable Bosque Del Acres community! This stunning hacienda/adobe-style property offers top-tier equestrian amenities, exceptional privacy, an in-ground heated pool, a guest home, and more. The main residence features 3 bedrooms, 2 bathrooms, spacious living areas, updated kitchen appliances, and a refreshed primary bath. The guest home provides a 1 bedroom, 1 bathroom floor plan with an updated kitchen perfect for guests. Designed for both comfort and function, the estate includes open space for horses to train, 4 horse stalls with room to expand, a detached 3 car finished garage, and an outdoor kitchen perfect for entertaining. Serene landscaping, and equestrian-ready facilities, this Bosque Del Acres retreat is truly one of a kind.
Discover the perfect canvas for your custom home in the heart of Rio Rancho, New Mexico. This spacious parcel offers breathtaking views of the Sandia Mountains and is nestled in a peaceful neighborhood surrounded by beautifully crafted custom homes.Panoramic mountain vistas that inspire tranquility and awe,Generous lot size ideal for building your dream residenceLocated in a growing area with upscale custom homes nearbyEasy access to city amenities, top-rated schools, and shopping centersMinutes from Presbyterian Rust Medical Center and other healthcare facilitiesClose commute to Albuquerque for work, entertainment, and travelEnvisioning a modern desert retreat or a cozy southwestern sanctuary.
Build your dream home on this premier homesite, perfectly positioned for panoramic 360-degree views of the surrounding mountains and canyons. Building envelope has gorgeous flat gentle slope for ease of planning. The Lot borders the canyon Open Space, ensuring lasting privacy and an unobstructed natural setting. Located within the prestigious gated community of San Pedro Overlook, residents enjoy peace of mind with staffed entry and exclusive amenities including a clubhouse, pool, and spa. All underground utilities including: electric, natural gas, telephone, water, and high-speed cable internet. Conveniently situated just 25 minutes from Albuquerque and 45 minutes from Santa Fe, with easy access to the Turquoise Trail, local shops, dining, and recreational attractions.
Daria Derebera
Real Estate Broker in Albuquerque, NM
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