Ridgecrest 7-Plex
Totally Renovarted 7-plex with Opportunity to Add 2 Additional Apartments
Marketing description
Unique opportunity to own a quality, updated 7 Unit Compound. Welcome to 1003 and 1005 Carlisle SE - a 4-plex and a tri-plex on two separate parcels packaged together. This fully revitalized community is embedded in an area of redevelopment in the Knob Heights Neighborhood - walking distance to Castle Coffee, the Source Community Center, a Community Garden, multiple classic neighborhood parks, and just minutes to UNM, CNM, Kirtland Air Force Base, the Albuquerque International Sunport, and I-25.
All seven apartments have been modernized with care and an eye for resident comfort. Classic, well-preserved vintage finishes have been thoughtfully combined with all the right amenities - like in unit washer / dryers, very private yard spaces, updated fixtures and finishes, and additional storage. Some units have bonus detached oversized garage spaces and 1005 Carlisle SE has a brand new roof.
Investors with an appetite for bigger projects will especially love the surplus of off-street parking and the potential of the oversized 2 car garage with huge (currently unused) bonus workshop rooms. This detached, separately metered building is teed up to make 1 or 2 additional apartments to complete this special compound.
*While the sellers would prefer to sell the compound together, they will also consider selling each property separately. Inquire with Listing Brokers for more information.
Investment highlights
- 7 Updated Apartments with outdoor spaces and washer / dryers
- Easy, low-hanging Potential for adding additional units
- Excellent location close to UNM and new Developments on ABQ's Southside
- Can be sold separately as a 4-plex and a triplex
- Plenty of Off-street Parking
- 1 Block to Castle Coffee and the TogetherSource Community Center
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