6720 Cochiti RD SE, Albuquerque, NM 87108
6720 Cochiti RD SE, Albuquerque, NM 87108
6720 Cochiti RD SE, Albuquerque, NM 87108
6720 Cochiti RD SE, Albuquerque, NM 87108
6720 Cochiti RD SE, Albuquerque, NM 87108
6720 Cochiti RD SE, Albuquerque, NM 87108
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Mark Rickert

Mark Rickert

+1(505) 616-4663
Listed by NM Apartment Advisors, Inc.
$ 740,830
Est. payment | /mo

3 Beds

3 Baths

4,300 SqFt

Save
$ 740,830
Est. payment | /mo
Save

3 Beds

3 Baths

4,300 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,300 sqft

Price per Sqft $172

Subdivision Fairgrounds Addition

MLS Listing ID 1106356

Bedrooms 3

Construction Status Resale

HOA Y/N No

Year Built 1950

Annual Tax Amount $6,952

Lot Size 0.310 Acres

Acres 0.31

Lot Dimensions Public Records

Property Sub-Type Multi Family

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!

Location

State NM

County Bernalillo

Area 70 - Fairgrounds

Interior

Heating Wall Furnace

Cooling Evaporative Cooling

Flooring Tile

Fireplace No

Appliance Refrigerator

Exterior

Utilities Available Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected

Accessibility None

Building

Story 1

Entry Level One

Level or Stories One

New Construction No

Construction Status Resale

Others

Tax ID 101805742508041114

Acceptable Financing Cash, Conventional, Owner May Carry, Other, See Remarks

Green/Energy Cert None

Listing Terms Cash, Conventional, Owner May Carry, Other, See Remarks

Southwest MLS (SWMLS IDX Plus)

Nearby Locations

Mark Rickert

"My job is to provide you with concierge level service and to provide you with incredible service with exceptional results!" 

+1(505) 616-4663

mark@rickertpg.com

150 Washington Ave, Santa Fe, NM 87501, USA

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6720 Cochiti RD SE