4600 Zuni Road SE
Property Description
On behalf of the Owner, Deacon Property Services and NM Apartment Advisors are excited to bring to market a unique, classic Ridgecrest 7-unit apartment complex with significant value add potential.All units are separately metered for gas and electric and have been partially updated over the years - some with more complete modern features and others more vintage. All units offer delightful spacious patio / front porch entries with a variety of quality features - like built-ins, hardwood floors, updated and open kitchens, spacious living areas, and great off-street parking options.The next owner can choose from an assortment of low-hanging value-add options for each unique apartment and the overall community to push rents to top market levels. Investors are encouraged to consider such a product with a collaboration with the Ventana Fund(see term sheet on page 5 of the flyer) for New Mexico's most competitive financing options for multi-family acquisitions and rehabilitation projects.This unique compound features two triplexes + a casita. Each triplex offers two spacious 1 bedroom apartments and one larger 2-bedroom apartment. The two bedrooms apartments each include a sizeable backyard and washer / Dryer in unit. The property also boasts an additional standalone / spacious 1 bedroom casita with a separate private yard. Located in an Excellent Ridgecrest location on a quiet block close to Nob Hill, Highland Pool, and great parks.
Broker Details
Deacon Property Services, LLC (505) 878-0100
MLS ID: kdeacon State License Number: 15579
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $764,977 |
| No. of Units: | 7 |
| Year Built: | 1958 |
| Lot Size: | 4,200.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $109,282 |
| Property Website | Click Here |
| Number of Bedrooms: | 3 |
| Number of Bathrooms: | 2 |
ID: 3yd-GAARNM-1111038
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