CORE AssetAt full occupancy, the measures of investment performance at the ask price of $4,000,000 and current average rents of $665 a month are a GRM of 10.67, a 5.69% cap rate, $85,106 per unit, $106.39/sf, and an after-tax internal rate of return is 14.70% July 2024 appraisal indicated a value of $4,000,000.And Value AddThe property is currently 26% below market rents and that does not take into account the potential to offer furnished units to the adjacent hospital. If the rents are raised to the market of $901, the metrics of investment performance improve to a cap rate of 8.47% and a cash on cash of 12.73%. With runway - page 6 of the flyer outlines the steps for taking the 40 unrenov
Looking for an affordable home in a good location and a great investment? This home currently has good tenants to continue a lease agreement, if you are ready to be an established landlord. Centrally located cozy home! This home is walking distance to some schools. Call for more details TODAY!!!
This nice home is located on a nice half acre with plenty of seclusion! Walk into this open living room to the kitchen. The master bedroom is large ad with its own bathroom. On the opposite end you have another 2 bedrooms and bathroom. Affordable and a MUST SEE!!!!
Welcome to 1301 Estancia Ave - a beautiful, move-in-ready home located in the heart of Grants, NM. This well-maintained property boasts 3 spacious bedrooms, 2 modern bathrooms, and a host of charming features that will make you feel right at home. Step inside to an open and inviting floor plan that extends from the kitchen to the living room - perfect for entertaining and family gatherings. The living room features a stunning tongue and groove ceiling and cozy fireplace, while one of the bedrooms boasts a gorgeous brick wall. The kitchen has been updated with sleek quartz countertops, top-of-the-line stainless steel appliances, and stylish cabinetry for a modern touch. This home has been re
Introducing a true gem of potential luxury living! This spacious 3-bedroom, 2-bath home with a 2-car garage sits on a scenic 2.6-acre property, offering unparalleled views of the majestic Mount Taylor. Spanning approximately 3,400 square feet, this residence is designed for comfort and entertaining, featuring an inviting bar area, beautiful indoor and outdoor fireplaces, and abundant natural light flowing through stylish skylights. Step out onto the balcony to soak in the captivating landscapes of New Mexico and the iconic Mount Taylor, an ideal setting for relaxing and enjoying breathtaking sunsets. The home is equipped with propane and fully fenced for added privacy and security. With gen
Welcome to a charming and well-maintained home nestled in a peaceful neighborhood located at 1013 Chestnut in Grants, NM. This home boasts 3 bedrooms and 1 large bathroom, which includes an ADA shower, ideal for accommodating individuals with disabilities. As you walk through the home, you'll notice the welcoming atmosphere with an open-concept den that provides the perfect space for family gatherings. With a laundry room, large pantry, and tons of storage within the home, you'll have plenty of space to keep your belongings organized and easily accessible. The backyard is a perfect retreat, featuring two sheds, a patio with a gazebo, all fully landscaped to offer you a peaceful and private
Updated 4-plex with stylish interior units. This property is great for savvy investors looking to add to their rental portfolio. The roof, furnaces, and most of the evaporative coolers are approximately 4 years old, ensuring that the property is in excellent condition for years to come. Each unit features bright and spacious living areas, cozy bedrooms. With all four units currently 100% occupied, this property provides an excellent opportunity for consistent rental income and minimal vacancy rates. Current monthly rents are $2700/month with long-term leases in place.
Updated 4-plex with stylish interior units. This property is great for savvy investors looking to add to their rental portfolio. The roof, furnaces, and most of the evaporative coolers are approximately 4 years old, ensuring that the property is in excellent condition for years to come. Each unit features bright and spacious living areas, cozy bedrooms. With all four units currently 100% occupied, this property provides an excellent opportunity for consistent rental income and minimal vacancy rates. Current monthly rents are $2900/month with long-term leases in place.
This delightful home is perfect for anyone looking for a comfortable and convenient living space. The 988 square foot home features 3 bedrooms and 1 bathroom. The attractive interior boasts an open and airy layout with bright walls and stylish flooring. The one car garage provides ample storage space, while the metal roof guarantees durability and longevity. Meanwhile, the fenced front and back yards provide plenty of space for pets or outdoor entertaining. Located in a highly convenient area, this property is just a short distance from both the high school and the NMSU Grants Campus. This means that commuting to school or work will be a breeze. The cozy living room is perfect for relaxing
Affordable home in Central Location!!! This home has a good size area. Could be 4 bedrooms. And has 2 bathrooms. The kitchen is a nice size and flows into dining/living area. Good size yard! Call to see Today!!!
Welcome to your dream home! This meticulously maintained 2,242 sq ft residence offers a blend of comfort, style, and functionality, perfect for modern living. Boasting 3 spacious bedrooms and 2.5 bathrooms, this home provides ample space for relaxation and entertaining. Step into the inviting living room, or gather with loved ones in the cozy family room featuring a beautiful gas fireplace, ideal for those chilly evenings. The formal dining area is perfect for hosting dinner parties, while the sunroom offers a serene retreat bathed in natural light, ideal for unwinding or enjoying a good book. The kitchen and bathrooms were thoughtfully updated in 2012, blending modern convenience with time
Welcome to this beautifully well-maintained one owner home. Recent upgrades include New stucco, New Double pane windows, Newer Shingle roof , Newer double carport, Front yard offers Beautiful green grass and privacy wall. As you enter into the home you'll find a large family room with nice natural lighting next to your living room that offers a nice fireplace. Nice Kitchen and refrigerator stays, Nice separate laundry room with freezer included. All 3 bedrooms are nice sized Master offering lots of light and private bathroom. Hall Full bath if large and spacious. Outside your'll find a large oversized covered patio for gatherings, a lush green grass backyard with trees & backyard
Large manufactured home. Spacious bedrooms and ample entertaining areas. Large master bedroom and bathroom. Dual fireplace in the living room and family room/den. Situated on cul-de-sac street. This property needs some updating, but with a little bit of work this could be an ideal home for a family or investment property. The property is part of the Los Alamitos Homeowners Association with access to the swimming pool.
AMAZING views and a rare opportunity to purchase one of the most unique homes in the area! Watch the sun set and the moon rise from the huge outdoor deck overlooking the city and El Malpais, Sandstone Bluffs and Gallo Peak. The view from the covered courtyard is just as incredible with Mt Taylor being the focal point. It also has a built-in rotisserie grill. The gorgeous 900sf sunroom features a stunning Chimayo stone fireplace, viga & latilla ceiling and custom wet bar. All 4 bedrooms are a generous size, with the primary bedroom having 2 walk-in closets, a Kiva fireplace, and that great western view! There is an eat-in area and a ton of cabinet space in the kitchen. A working dry sa
Home on 4 lots totaling approximately 2.8 acres. 5 - bedroom (could be 6) home located at the end of a cul-de -sac street overlooking the city of Grants - views, views, views! Top level of the home includes a 1.75 BA, 3 car garage. Bottom level also has a kitchen area ready to set up, 2 BA, and another garage/storage area. Ideal for a large or extended family situation. The lower/basement level could be utilized as an in-laws quarters, a rental income opportunity, storage/work areas, or extra living space for a large family. Several recent renovations to include crown molding, renovated kitchen, water heater, flooring, roof (2018), and more. Doggie door to enclosed pet area/room on the outs
Section of land off Lobo Canyon Rd. in the Borders BLM on one side and the Cibola National Forest on the other. Lobo Canyon Rd. is a paved road going up to Mt. Taylor in Cibola County.
Location! Location! Location! Here is a centralized 5.9285 acres on the corner of Roosevelt and Sakelares. A prime location for commercial building or an investment to hold on to. Call to discuss today!
This 180-acre property is located in Grants, NM. It's the perfect spot to build your dream home and ranch. It could also be an investment opportunity for development.
Discover an extraordinary opportunity to own a piece of paradise in Grants, NM. This stunning 5.07-acre property, nestled in the scenic Cantena area on Mt. Taylor, offers breathtaking views and a secluded, private location that is rarely available. * * Key Features: * * - * * Expansive Buildable Area: * * A large, flat area perfect for constructing your dream home or for use as a seasonal retreat. - * * Wildlife: * * Enjoy frequent visits from deer and elk, enhancing the serene, natural atmosphere. - * * Proximity to Nature: * * Just minutes away from the Cibola National Forest, ideal for outdoor enthusiasts. - * * Spectacular Views: * * Witness awe-inspiring sunrises and
Section of land in San Fidel, NM - approximately 640 acres! Build a home, raise some animals, or both. Ground spring water source on the property. Close to Interstate 40. Approximately 20 minutes east of Grants, NM. Approximately 40 minutes to Albuquerque, NM. See State of New Mexico water rights documentation.
Beautiful 0.789 acres in a wonderful location! You can build your home build your dream home with views of the City of Grants and Mt. Taylor. The views will be amazing. And on a large corner lot! You can get extra privacy!!! The home next door is currently for sale… make it a larger lot!!! Call for information TODAY!!!