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Renovated Apartment Building with TPO Roofs
For Sale
$1,350,000

1035 E High St, Grants, NM 87020

Most units remodeled with new VCT flooring, paint, and updated kitchens; all roofs replaced with TPO within five years.

Property Size14,850 SF
Price / SF$90.91
Days on Market132

Property Features for 1035 E High St

General Information

Standard status Active
Size 14,850 SF
Property subtype Multifamily
Zoning MF

Additional Details

Multifamily Units 24

Building Details

Tenancy Multi
Listing Agency: Hanna Commercial, LLC
Listed By: Richard Hanna · License #9158
Source: Carnm.resimplifi
Added: May 1 Changed: Sep 8 Last Checked: Sep 9 at 5:48AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Hanna Commercial, LLC

Investment Insights

Based on property information with market context.

This apartment building has undergone significant capital improvements, including roof replacements completed within the past five years using durable TPO roofing systems. The property is also equipped with newer swamp coolers and water heaters. Many units have been remodeled with VCT flooring, fresh interior paint, updated kitchen cabinetry, and butcher block countertops.

Located near the revitalized Route 66 corridor at 1035 East High Street in Grants, NM, the property offers convenient access to local amenities, employment centers, and retail destinations.

Overall, the combination of recently replaced roofing and unit interior upgrades supports a ready-to-lease appearance with reduced near-term maintenance needs.

Key Highlights

  • All roofs replaced within the past five years with durable TPO roofing systems
  • Most units remodeled with VCT flooring, fresh interior paint, and updated kitchen cabinetry
  • Upgraded kitchen countertops with butcher block materials in remodeled units

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Dental Office Building Supply HVAC Service Pharmacy Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

24
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

210
Businesses Nearby

Demographics for 87020, NM

11,471
Population
4,593
Households
2.5
Avg Household Size
38
Median Age
23%
College-Educated
85%
High-School Grad
902.0 sq mi
ZIP Area
13
Density / Sq Mi
$67,511
Median Household Income
$39,100
Median Earnings
$741
Median Rent
$154,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Most units remodeled with new VCT flooring, paint, and updated kitchens; all roofs replaced with TPO within five years.
Where is this apartment building located?
The property is located at 1035 E High St Grants, NM.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: All roofs replaced within the past five years with durable TPO roofing systems; Most units remodeled with VCT flooring, fresh interior paint, and updated kitchen cabinetry; Upgraded kitchen countertops with butcher block materials in remodeled units
More about this property
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