3505-09 Lafayette NE, Albuquerque, NM 87107

On behalf of the owners, NM Apartment Advisors and Deacon Property Services are excited to bring this quality north east heights 7-plex to market.

Extremely unique Opportunity to own a property with such spacious and accommodating floor plans in such an excellent central ABQ Location. At 1,300 SF each, all 7 apartments are nicely updated two story two bedroom / one and a half Bathroom townhome style floorplans with well-apportioned rooms, separate large utility rooms (with Washer / Dryer hook ups or washer / dryer included), and giant living areas with woodburning stoves! All kitchens are nicely updated and include dishwashers and electric ranges. All apartments are also separately metered for gas and electric and offer forced central heating. 4 of the 7 apartments have been converted to refrigerated air!

Located in a very convenient midtown location. Next door to Lafayette Park & Playground and 1 block to Thunderbird Little League fields. It's also less than a minute to I-25!

Potential upside includes conversion to a condominium community with a large spread between the current price of $135,714 per unit and the average ask price for $242,500 (per SWMLS report 5/12 - 2 bedroom units with 1,200 to 1,400 sf condos without garages.)

Couple this with the impact of the citywide expansion of Netflix, Facebook, Intel, and Amazon, as well as major announcements of new employment, this property is well-positioned to enjoy the forthcoming wave of appreciation and rent growth. Do not miss out on owning a unique gem like 3505-3509 Lafayette Drive NE.