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Nate Boitano

nateboitano@gmail.com +1(505) 301-4170

Listed by NM Apartment Advisors, Inc.

$579,000

Est. payment - /mo

3 Beds

3 Baths

4,300 SqFt

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UPDATED:

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 $134

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

Start price is 10.41% cap rate at 6720 Cochiti SE presents a rare opportunity to acquire a nine-unit multifamily property in immediate proximity to Albuquerque's historic State Fair / EXPO NM. The State of NM, has approved an initial $114M in funding for what could become a ''billion dollars'' per Governor Lujan Grisham. Although the area appears a bit rough now, the state 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. The subject property is located about 400 feet due south of the center of the current State Fair grounds. One date for tours (noon 7/21) and one date for offers 7/22.

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

Green/Energy Cert None

Listing Terms Cash, Conventional

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Nearby School & Business

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Nate Boitano

+1(505) 301-4170

Realtor | License ID: 54242

Realtor License ID: 54242

6720 Cochiti RD SE Albuquerque, NM 87108

Nate Boitano

Key Details

Location

Interior

Exterior

Building

Others

Nearby School & Business

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