Alan & Anne Vorenberg
505.470.3118
$7,200,000
$7,200,000
505.470.3118
The property is comprised of three buildings (3807, 3710, 3789) that total 60 1 bedroom, 1 bathroom units. The investment benefits from several key factors include housing shortage, high average household income, an almost 0% market vacancy. The property was built in 1965 and has been meticulously maintained by current ownership. Each unit contains 635 square feet of living space. Kitchens include refrigerator, oven, sink, and microwave. Main living areas have carpet, large windows for natural light, and privacy blinds. The buildings have on-site laundry facilities. The heat and hot water are controlled by a central boiler system. Bathrooms contain a tub shower combo. Capital expenditures include new double pane windows and upgraded electrical panels. Close to Los Alamos National Laboratory, the areas largest employer with approximately ~13,000 employees.
Rebecca Jones
EXIT Realty Advantage NM