9607 Central Avenue NW
Property Description
Rare value-add on iconic Route 66. This family-style 11-unit compound spans two parcels totaling 1.3993 acres zoned NR-BP, with only 6,845 sf built, leaving real room for storage income or future development. Six buildings hold 2 studios, 5 one-bedrooms, 3 two-bedrooms, and 1 three-bedroom house, plus 3 RV pad sites leased at $650 each for extra monthly income. Studios and one-bedrooms rent below market, giving a new owner instant upside. Every unit has its own mini splits for heating and cooling and vinyl plank flooring. Units 1-6 have no washer, dryer, or hookups, units 7-11 have washer/dryer hookups. Minimum one-year leases, some month to month, off-street parking throughout. Walk to El Mezquite Marketplace, Starbucks, and McDonald's. Priced for an investor ready to capture the upside on Albuquerque's most famous corridor.
Broker Details
Maestas Real Estate Services of Rio Rancho (505) 463-3565
MLS ID: anitam State License Number: 16029
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $1,427,100 |
| No. of Units: | 11 |
| Year Built: | 1946 |
| Opportunity Zone: | No |
| Price per unit: | $129,736 |
| Property Website | Click Here |
| Number of Bedrooms: | 6 |
| Number of Bathrooms: | 5 |
ID: 3yd-GAARNM-1112319
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