Grants NM Multi Family for Sale
$4,000,000
1069 Bonita Street Grants, NM 87020
- Type:
- Multi-Family
- Sq.Ft.:
- 40,752
- Status:
- Active
- Beds:
- 2
- Lot size:
- 2.84 Acres
- Year built:
- 1980
- Baths:
- 1.00
- MLS#:
- 1075104
- Subdivision:
- VALENCIA
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Courtesy: NM Apartment Advisors, Inc.
505-440-8633
505-440-8633
ADDITIONAL INFORMATION
CORE AssetAt full occupancy, the measures of investment performance at the ask price of $4,000,000 and current average rents of $665 a month are a GRM of 10.67, a 5.69% cap rate, $85,106 per unit, $106.39/sf, and an after-tax internal rate of return is 14.70% July 2024 appraisal indicated a value of $4,000,000.And Value AddThe property is currently 26% below market rents and that does not take into account the potential to offer furnished units to the adjacent hospital. If the rents are raised to the market of $901, the metrics of investment performance improve to a cap rate of 8.47% and a cash on cash of 12.73%.With runway - page 6 of the flyer outlines the steps for taking the 40 unrenovated units through renovation to market rents, with a value after renovation of $5.1M
$139,900
918 E High Street Grants, NM 87020
- Type:
- Multi-Family
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- 2
- Year built:
- 1950
- Baths:
- 2.00
- MLS#:
- 20246042
ADDITIONAL INFORMATION
This well-maintained duplex in Grants, New Mexico, offers two 2-bedroom, 1-bath units, each featuring hardwood floors. The property comes with separate electric and gas meters for each unit, and a shared water line. Both units are equipped with swamp coolers to keep you comfortable during the warmer months. The durable metal roof adds long-lasting protection. Located just minutes from shopping and local amenities, this duplex is a great investment or ideal for multi-generational living. Don’t miss this opportunity!
$297,432
1245 Jelso Avenue Grants, NM 87020
- Type:
- Multi-Family
- Sq.Ft.:
- 2,600
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.14 Acres
- Year built:
- 1980
- Baths:
- MLS#:
- 20245919
ADDITIONAL INFORMATION
Updated 4-plex with stylish interior units. This property is great for savvy investors looking to add to their rental portfolio. The roof, furnaces, and most of the evaporative coolers are approximately 4 years old, ensuring that the property is in excellent condition for years to come. Each unit features bright and spacious living areas, cozy bedrooms. With all four units currently 100% occupied, this property provides an excellent opportunity for consistent rental income and minimal vacancy rates. Current monthly rents are $2700/month with long-term leases in place.
$313,956
1241 Jelso Avenue Grants, NM 87020
- Type:
- Multi-Family
- Sq.Ft.:
- 2,600
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.14 Acres
- Year built:
- 1980
- Baths:
- MLS#:
- 20245911
ADDITIONAL INFORMATION
Updated 4-plex with stylish interior units. This property is great for savvy investors looking to add to their rental portfolio. The roof, furnaces, and most of the evaporative coolers are approximately 4 years old, ensuring that the property is in excellent condition for years to come. Each unit features bright and spacious living areas, cozy bedrooms. With all four units currently 100% occupied, this property provides an excellent opportunity for consistent rental income and minimal vacancy rates. Current monthly rents are $2900/month with long-term leases in place.
The data relating to real estate for sale on this web site comes in part from the IDX Program of the Southwest Multiple Listing Service Inc., a wholly owned subsidiary of the Greater Albuquerque Association of REALTORS®, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2025 Southwest Multiple Listing Service, Inc.
Grants Real Estate
The median home value in Grants, NM is $160,000. This is higher than the county median home value of $104,160. The national median home value is $338,100. The average price of homes sold in Grants, NM is $160,000. Approximately 50.11% of Grants homes are owned, compared to 32.67% rented, while 17.23% are vacant. Grants real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Grants real estate agent to arrange a tour today!
Grants, New Mexico has a population of 9,208. Grants is more family-centric than the surrounding county with 28.68% of the households containing married families with children. The county average for households married with children is 22.66%.
The median household income in Grants, New Mexico is $44,782. The median household income for the surrounding county is $47,300 compared to the national median of $69,021. The median age of people living in Grants is 33.6 years.
Grants Weather
The average high temperature in July is 89.7 degrees, with an average low temperature in January of 16.9 degrees. The average rainfall is approximately 10.8 inches per year, with 14.8 inches of snow per year.