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1276 Washington Ave

Grants, NM 87020
Available Now
34 views
FOR SALEMultifamily / Apartments Building
Cap Rate
4.15%
NOI
$11,202
Building Size
2,600SF
Lot Size
0.19Ac
Zoning
MR
Occupancy
100%
Listing Contacts
Owner & Qualifying Broker
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More property details

Currently Leased
No
Investment
Stabilized
Broker Co-op
Yes
Property Class
B
No of Buildings
1
No of Stories
2
Units
4

Location

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1276 Washington Ave
About the location

This well-maintained two-story fourplex in Grants, New Mexico, offers an attractive multifamily investment opportunity at $67,500 per unit. The property consists of four spacious residential units, each approximately 650 square feet and featuring two bedrooms and one bathroom. The interiors are designed for durability and tenant appeal, with tile flooring in wet areas and plank flooring or carpet in the bedrooms. Each unit is equipped with updated kitchen appliances, creating a modern, low-maintenance living environment, while ceiling fans in the bedrooms enhance resident comfort.

In addition to its existing income potential, the property offers a valuable value-add opportunity through unfinished tenant storage spaces located at the end of the building. Completing these storage units could generate additional rental income or provide dedicated storage for owner use, further enhancing the property's long-term investment potential. Combining a functional unit mix, updated interiors, and future upside opportunities, this fourplex is well positioned for stable occupancy and consistent cash flow.

Documents

FILE
1276 Flyer.pdf
7.07 MB · Listing document
1276 Washington Ave
2,600 SF · multifamily · United States · NM
View OM