Grants, NM 8-Plex for SALE
2- 4-plex For Sale
Marketing description
Recent updates—including stucco repair and color coat, newer
cooling units, and a TPO roof installed approximately 5 years ago
help reduce near-term capital expenses and enhance overall
Property stability.
This asset is ideal for investors, with historically strong occupancy
and rental rates around $800 per unit, supporting consistent cash
flow.
Investment highlights
1241 & 1245 Jelso Ave are well-maintained
two-story fourplex's offering an excellent investment opportunity in a
stable rental market. Built in approximately 1980, the properties
consists of four spacious units, each thoughtfully designed with 2
bedrooms, 1 bathroom, a kitchen, and a comfortable living space.
Each unit averages approximately 600 square feet, providing
efficient layouts that appeal to long-term tenants seeking affordability and
functionality. For a walkthrough of the floorplan, see: https://my.matterport.com/show/?m=8ixiKESqgpZ&mls=1
2 buildings on 2 separate lots, each with 2,400 square feet, and each sit on a
~0.15- acre lot, offering manageable upkeep while still delivering strong rental
potential.
There is a storage area that was used for washers & dryers in the past, and
could be used again for extra income. Not included in the square footage.
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