BEDS3
BATHS
SQUARE FEET4,300
MLS#1106356
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONFairgrounds Addition
Property Description
Start price is 10.41% cap rate at 6720 Cochiti SE presents a rare opportunity to acquire a nine-unit multifamily property in immediate proximity to Albuquerque's historic State Fair / EXPO NM. The State of NM, has approved an initial $114M in funding for what could become a ''billion dollars'' per Governor Lujan Grisham. Although the area appears a bit rough now, the state has indicated they intend to redevelop the NM Fair grounds, located just north of this property with $200M of redevelopment that could include a stadium for NM United, as well housing retail and a complete mixed-use community. The subject property is located about 400 feet due south of the center of the current State Fair grounds. One date for tours (noon 7/21) and one date for offers 7/22.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Evaporative Cooling
Heating: Wall Furnace
Lot Size: 0.31 Acres
Stories: 1.0
Taxes: $6,952
Year Built: 1950
Feature Descriptions
Accessibility: None
Appliances: Refrigerator
Exterior: Block, Frame, Stucco
Flooring: Tile
Parcel#: 101805742508041114
Units: 9
Utilities: Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Listed By / Shown By
Listed By
Agency Name: NM Apartment Advisors, Inc.
Agency Phone: (505) 440-8633
Shown By
Agency Title: Coldwell Banker Legacy
Agency Phone: (505) 828-1000
Estimate Your Payment
Estimated Payment
$ 2,036.81 per month $1,288.60 Principal & Interest $579.33 Property Tax $168.88 Homeowner's InsuranceChange Payment Information
Top REALTORS® in this Area
Casey Landis
From our very first call, Casey Landis impressed us with his in- depth market knowledge and sincere interest in our family's unique needs and timeline. At our first meeting, he presented a thorough market analysis and a well-crafted strategy that clearly stood out from other agents. Relocating across the country complicated our situation, but Casey went above and beyond by managing details, connecting us with trusted resources, and ensuring our home stayed show-ready and secure. His steady communication, expert guidance, and dedication helped ease our stress and resulted in a successful sale that met all our goals. We wholeheartedly recommend Casey to anyone seeking a knowledgeable,
trustworthy, and committed realtor.
— Gregory Howell
— Gregory Howell
6720 Cochiti Road Se | MLS# 1106356
This multi-family property located at 6720 Cochiti Road Se, Albuquerque, NM 87108 is currently listed for sale with an asking price of $579,000. Search Albuquerque real estate on www.cblegacy.com today.