Unique opportunity to own a quality, updated 7 Unit Apartment Compound. This unique listing at 1003 - 1005 Carlisle SE offers a four-plex and a tri-plex on two separate parcels packaged together. The fully revitalized community is embedded in an area of redevelopment in the Knob Heights Neighborhood on the south side of Ridgecrest - walking distance to Castle Coffee, the Source Community Center, a Community Garden, multiple neighborhood parks, and just minutes to UNM, CNM, Kirtland Air Force Base, the Albuquerque International Sunport, and I-25. All seven apartments have been modernized with care and an eye for resident comfort. Classic, well-preserved vintage finishes have been thoughtfully combined with all the right amenities - like in unit washer / dryers & private yard spaces. The property is ideal for a value-add investor looking to capitalize on neighborhood opportunities presented by UNM, regional hospitals, Kirtland Air Force Base, as well as the new developments at Max Q, The Aviation Center of Excellence, Netflix, Lobo Crossing, and the multitude of new jobs coming to the Albuquerque Metro's booming south side. Investors with an appetite for bigger projects will especially love the surplus of off-street parking and the potential of the oversized 2 car garage with huge (currently unused) bonus workshop rooms. This detached, separately metered building is teed up to make 1 or 2 additional apartments to complete this special compound.
Listing courtesy of Deacon Property Services.
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