Southeast Heights Homes with Shingle Roof

Southeast Heights Homes with Shingle Roof

Welcome to Southeast Heights, a vibrant and inviting neighborhood nestled in the heart of Albuquerque, New Mexico. Known for its picturesque landscapes and diverse community, Southeast Heights offers a unique blend of urban convenience and suburban charm. This area is characterized by its friendly atmosphere, making it an ideal place for families, young professionals, and retirees alike.

One of the standout features of homes in Southeast Heights is the classic shingle roofs that adorn many of the residences. These roofs not only offer a timeless aesthetic appeal but also provide durability and protection from the elements, ensuring that your home remains safe and stylish for years to come. The shingle roofs are a hallmark of the neighborhood's architectural charm, seamlessly blending with the surrounding landscape.

Living in Southeast Heights means you are just a stone's throw away from a plethora of amenities. Enjoy easy access to local parks, shopping centers, and dining options that cater to every palate. The community is also well-connected to major highways, making commuting to downtown Albuquerque or nearby attractions a breeze.

Nature enthusiasts will appreciate the proximity to the Sandia Mountains, where you can explore hiking trails, biking paths, and stunning vistas. With a rich cultural scene, including art galleries and local festivals, Southeast Heights is a vibrant community that celebrates the unique spirit of Albuquerque.

Whether you’re searching for your first home or looking to settle down, Southeast Heights offers a welcoming environment with homes that reflect both character and comfort. Come discover the charm of this remarkable neighborhood today!

Newest Southeast Heights Homes with Shingle Roof

808 Ortiz Dr Se, Albuquerque
$1,424,506
The property features two-story town home style apartments, which are separately metered for gas and electric and come with bonus, updated detached storage closets. All apartments offer pragmatic floor plans that are significantly larger than other apartments in the submarket. Residents enjoy spacious, multi-functional living areas, galley kitchens with all appliances (including dishwashers), separate utility rooms with full size washers / dryers, and private outdoor living spaces. 804 & 808 Ortiz offers 2 bed / 1 bath floorplans while 812 Ortiz offers two 3 bed 1.5 bath floor plans and two 2 bed / 1 bath floor plans. Secured access courtyards provide lots of additional landscaped outdoor space for residents to enjoy. Many of the apartments have been completely renovated as well - with new appliances, new luxury vinyl plank & tile flooring, and new fixtures and finishes throughout. At list price, the Seller is open to seller financing with a 15% down payment, and 6% interest rate, 30 year amortization and 5 year call. A larger down payment can increase or extend the balloon period. Located on a vastly improved block with quick and easy access to parks, shopping, Nob Hill, I-40, Kirtland Air Force Base, and the new Albuquerque Community Services Headquarters. This unique 12-unit compound is the rare offering of flexible, multi-generational living opportunities, a solid income generating community with further value add potential, and quality secure, townhome style housing in an improving neighborhood. Metrics of investment performance at the ask price of $1,424,506 include a price per sf of $129, a price per unit of $118,709, and with current rents at $1,134 per month, it generates a GRM of 8.73, a cap rate after reserves of 6.86% and an after tax IRR of 15.10%.

808 Ortiz Dr Se, Albuquerque

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Some of the information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers’ personal, non-commerical use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.

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