Introducing Hermosa Commons located at 200 Hermosa Dr. NE, Albuquerque, New Mexico 87108 - a stunning turnkey multi-family and commercial building investment portfolio located in the heart of the highly desirable Nob Hill neighborhood. As you may know, Albuquerque is in a housing crisis, and thanks to all the new job growth the demand for apartments has skyrocketed. Hermosa Commons is a mixed-use property boasting a total of 22 units (20 studios, 2 - 1 bedrooms, and commercial units, with a gross building area of 11,369 sq. ft. Most studio units are 330 sq. ft., making them the perfect size for those looking for a cozy and efficient space to call home. Located just a minute's walk from the Nob Hill Business Center - Albuquerque's first shopping center - and under 5 minutes from the University of New Mexico (UNM) campus, Hermosa Commons is perfectly situated in the center of all the action. The area is home to a wide range of bars, restaurants, theaters, museums, and academic institutions, as well as local retail options. In addition to its prime location, the property also just steps away from Albuquerque Rapid Transit (ART) station, making it easy for residents to get around and explore all that the city has to offer. The area has seen significant investment in recent years, with over 600 new apartment units and an influx of new retailers and restaurants. The property is turn-key with a strong history of occupancy and is located in a high-demand rental market. Currently, owner-managed fully remotely with maintenance and video security system. Albuquerque has a strong and diverse economy, with a range of industries including healthcare, education, defense, and manufacturing. Finally, Albuquerque is home to a number of major employers, including the University of New Mexico, Netflix Studios, Sandia National Laboratories, and Intel, which can help to attract a diverse tenant base to your apartment building. If you're looking for a prime investment opportunity in the most desired location in New Mexico, look no further than Hermosa Commons. Open to owner financing and 1031 exchanges. Don't miss out on this amazing opportunity - contact us today to schedule a tour and learn more!
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
