Description

Located at 1039, 1035, and 1031 High Street in Grants, New Mexico, this well-maintained multifamily investment property presents a compelling opportunity for investors seeking stable income with long-term upside potential. The asset consists of three separate apartment buildings, each containing eight units, for a total of 24 residential units. The unit mix includes 18 spacious two-bedroom, one-bath apartments and six one-bedroom, one-bath units, providing a diverse offering that appeals to a broad tenant base. The property has benefited from significant capital improvements that enhance its value while minimizing future maintenance requirements. All roofs have been replaced within the last five years with durable TPO roofing systems, and newer swamp coolers and water heaters have been installed to improve operational efficiency and resident comfort. Most units have been extensively renovated with updated VCT flooring, fresh interior paint, modern kitchen cabinetry, and attractive butcher block countertops, creating a more desirable living environment for tenants. Ideally situated near the revitalized Route 66 corridor and historic Santa Fe Avenue, the property offers convenient access to local amenities, retail destinations, employment centers, and major transportation routes. With direct access to Interstate 40, residents can easily travel to Albuquerque, Arizona, and surrounding markets. The combination of a strategic location, strong physical improvements, and a well-balanced unit mix positions the property for consistent occupancy, reliable cash flow, and continued investment performance.