Contacts
New Mexico Apartment Advisors
Property Details
- Property Type Multi-Family
- Property Size 40,752 SF
- Units 47
- Lot Size 2.87 Acre
- Cap Rate % 5.42
- Year Built 1980
- Date Updated Jan 23, 2025
NM Apartment Advisors and Deacon Property Service are excited to bring to market the New West apartments located at 1069 Bonita Street in Grants, NM.
This recently renovated and well maintained property is the architectural gem of Grants, NM. Well located major employers, hospital, medical centers and retail areas, this property is positioned for long term leases or short term rentals to the medical industry.
The owner has added exterior planters in the landscape, made stucco repairs and upgrades, replaced three roofs, Þve air conditioners added down spots and canales, upgraded balconies carpet/flashings as well as landing wrought iron rails, replaced light Þxtures, signage, and added culture stone features to the exterior - all of which makes this an “A” asset in this marketplace.
In addition to it’s own economic development expansion, Grant’s is only 69 miles to Albuquerque's west side, where rents are double what they are at this community offering an opportunity to market to a demographics looking for reasonable housing costs.
Offered for sale by the original developer, this once in a lifetime opportunity for an investor to become steward for the next generation.
Reach out to the broker for more info on lease terms and amenities
Getting around
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32/100
Walk Score ®
-
40/100
Bike Score ®
Location
- City Grants, NM
- Zip Code 87020
- Market Albuquerque
Points of Interest
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Philips 66
1.95 miles
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Chevron
2.51 miles
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Love's
4.14 miles
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Shell
4.35 miles
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Sky Ciity Express
6.39 miles
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Walmart parking lot
2.68 miles
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Sands
1.37 miles
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Southwest Motel
1.41 miles
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Leisure Lodge Motel
1.54 miles
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Quality Inn & Suites
2.27 miles
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Red Lion Hotel
2.29 miles
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Days Inn by Wyndham Grants
2.32 miles
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Motel 6
2.37 miles
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Holiday Inn Express & Suites
2.45 miles
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Best Western Grants Inn
2.48 miles
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Comfort Inn
2.49 miles
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Walmart Supercenter
2.75 miles
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.
New Mexico Apartment Advisors