Downtown Diamond in the Rough – 4plex – starting price $285,000 On behalf of the Owners, NM Apartment Advisors and Deacon Property Services are honored to bring to market this unique Fourplex in downtown Albuquerque. Excellent location just off 12th and Lomas gives quick and easy access to great shopping, restaurants, old town, and the Saw Mill District. The property features a 1915 Adobe house with enclosed framed porches that has been converted into a fourplex in the 1930's. Three units downstairs with an attic apartment. Heavy textured walls, faux fireplaces and wood floors. Large double 50' x 142' lot with alley access. Four distinct apartments offer well-preserved vintage character and charm. Residents love the built-ins, the raised ceilings, great natural light, and the gleaming wood floors. All units are separately metered for gas and electric. Shared water heater in separate cellar space. New 2024 roof with transferable warranty. Seller has also recently updated major portions of the water and sewer lines. This property offers tremendous upside for investors with vision and extra capital for renovations. Unique lot also offers plenty of parking options off 12th and the alley to the west in addition to private yard spaces for 3 of the apartments and additional space for an ADU / casita or…..? The property is being marketed using the BID process, with a set date and time for property tours and a fixed offer deadline. In the event of multiple offers, the Seller will be inviting only the top 50% of buyers to a best and final round. http://www.nmapartment.com/12th707nwfront http://www.nmapartment.com/12th707nwback http://www.nmapartment.com/12th707attic Qualified Investors can register for the zoom tour and access to the confidential document center with the online confidentially agreement at http://www.nmapartment.com/12th707 27 page flyer at http://www.nmapartment.com/apt/NMAA-12th707nw.pdf Timelines: Register for the confidential documents and property tour at http://www.nmapartment.com/12th707 - Attend the Zoom property tour at noon on Tuesday, December 3rd, 2024 (no other showing times are available, so please do not request one outside this time frame). - Offer deadline at 5pm on Thursday, December 5th, 2024. Do not miss out on this out of the world opportunity to polish this diamond in the rough! Thanks, Todd Clarke CCIM CIPs CEO NM Apartment Advisors Inc. (505) 440-TODD And Kyle Deacon QB #15579 Deacon Property Services LLC (505) 878-0100