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+15052801701
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201 Lincoln Ave, Grants, NM 87020
- $1,100,000
- List Price
- $1,100,000
- Property Type
- Multifamily
- Lot Size
- 17,424
- Region
- Cibola
- Status
- ACTIVE
Property Description
Value-add multifamily investment opportunity in Grants, NM featuring 10 renovated units with 80% occupancy and immediate lease-up potential. Each unit offers the same spacious floor plan with washer/dryer hookups, stainless steel appliances, quartz countertops, garbage disposals, LVP flooring, and tiled showers. New energy-efficient mini-split HVAC systems were installed property-wide in 2024. Residents enjoy a secure gated courtyard. An additional ~600 SF, 1-bedroom/1-bath unit was converted from a storage unit with washer/dryer hookups; this provides the opportunity to create an 11th income-producing unit, subject to completion. 11th unit is roughly 75% complete. Conveniently located near I-40, shopping, schools, and local employers, this property offers stable cash flow with upside through increased occupancy and rental growth.
Additional Information
- County
- Cibola
- Acres
- 0.40
- Exterior Features
- Lighting
- Appliances
- Microwave, Disposal, Gas Range, Refrigerator
- Cooling
- Ductless
- Flooring
- No Carpet, Vinyl
- Heating
- Ductless
- Tenant Pays
- Electricity, Gas
- Roof
- Metal
- Utilities
- Electricity Available, Natural Gas Available, Water Available
- Zoning
- M-R
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Listing courtesy of Weichert, Realtors Image.
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.