This triplex opportunity within walking distance of the UNM Campus offers strong lease-up potential with recent capital improvements. The property features three 1-bedroom, 1-bath units, with two units restored following a 2024 fire incident.
Renovations include all-new water and sewer lines; all-new electrical wiring, panels/breakers, switches, and lighting; fully upgraded bathrooms with new cabinetry, tubs, and vanities; and renovated kitchens with new counters, sinks, and appliances. Additional improvements include new fixtures, a tankless water heater, and a mini-split refrigerated air and heater.
The property is currently vacant, allowing for immediate lease-up and the ability to capture higher rents. It is fenced, with windows boarded as a precaution during the restoration process (glass intact).
Ideally located near UNM and Lovelace Medical Center, with close proximity to everyday amenities, including Starbucks, Walgreens, and Smith’s. The property also offers easy access to Route 66 and I-25.
Ideal for investors seeking a clear upside in a high-demand rental corridor.