201 Lincoln Avenue, Grants, NM 87020
- $1,100,000
- 20
- BD
- 10
- BA
- 7,090
- SqFt
- List Price
- $1,100,000
- MLS#
- 1106959
- Property Type
- Multifamily
- Bedrooms
- 20
- Bathrooms
- 10
- Sqft. of Residence
- 7,090
- 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.
Additional Information
- County
- Cibola
- Acres
- 0.40
- Exterior Features
- Landscaping, Lighting
- Appliances
- Free-Standing Gas Range, Disposal, Microwave, Refrigerator
- Construction
- Brick, Frame
- Cooling
- Ductless
- Flooring
- Carpet Free, Vinyl
- Heating
- Ductless
- Owner Pays
- Common Area Maintenance, Sewer, Trash Collection, Water
- Utilities
- Electricity Available, Natural Gas Available, Water Connected
- Zoning
- M-R
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Listing courtesy of Weichert, Realtors Image.
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