Each unit is like its own self-contained patio home - each with a spacious two bedroom, one bathroom residences with their own utility/laundry room, refrigerated air conditioning, private backyard and one car garages with automatic openers.This property has had only one owner since the original family built it. The property was originally built in 1964 by Carl Williams, a well-known developer. It has been well maintained and where possible, upgrades were done with an owner living on site.The property is located just west of the Gibson entrance and northeast of the Truman gate to Kirtland Air Force Base and Sandia National laboratories.With an average rent of $925, and at the list price of $406,216 the measures of investment performance include a cap rate of 5.59%
Listing courtesy of NM Apartment Advisors, Inc..
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