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    1515 S Sunset Ave Roswell, NM

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    60-unit Roswell, New Mexico multifamily asset with HAP contract.

    Type:RETAIL
    Property size:
    25,812 SF
    Lot size:
    1.90 Acres
    Added:
    Apr 30, 2024
    Days on Market:
    730
    Last Refresh:
    Apr 5 at 10:03 pm

    Property Features for 1515 S Sunset Ave

    General Information

    Standard status
    Active
    Size
    25,812 SF
    Lot size
    1.90 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 1515 S Sunset Ave Contact us

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    Listing Contact
    Samuel Lacebal

    Listing agent Samuel Lacebal

    Listing office Greysteel

    Listing date Apr 30, 2024

    Source Moodyscre

    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 Greysteel


    Overview

    Affordable Multifamily Asset For Rent

    Sunset 1600 is a 60-unit affordable multifamily asset located in Roswell, New Mexico. The property is 100% supported by a Project-Based Section 8 HAP contract, making all tenant rents at the property heavily subsidized by the federal government and providing a stable stream of revenue when fully-leased. Sunset 1600 is a Senior/Elderly-Designated community comprised of residents who meet the minimum age requirement of 62+. There is a material opportunity for new ownership to renovate the asset and capture a projected 25% Mark-Up-to-Market rent increase on the Option 2 HAP contract. By updating and modernizing the property, there is immense value to be created by owning a well-maintained HUD Subsidized asset. Sunset 1600 residents benefit from being in close proximity to numerous grocery, restaurant, and entertainment options as well as a K-12 school. Roswell is home to many major retailers like Starbucks, Home Depot, Sam’s Club, Target, and a Walmart Supercenter. The property has a size of 25812 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Sunset Villa Care ... Nursing Home

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Roswell
    County
    Chaves
    State
    New Mexico
    Longitude
    -104.541
    Latitude
    33.375

    FAQs

    What type of property is this?
    Apartment building - 60-unit Roswell, New Mexico multifamily asset with HAP contract.
    Where is this apartment building located?
    The property is located at 1515 S Sunset Ave Roswell, NM.
    What are key features of this property?
    This property features: 100% supported by a Project‑Based Section 8 HAP contract, ensuring a stable revenue stream.; Opportunity to renovate and capture a projected 25% Mark‑Up‑to‑Market rent increase on the Option 2 HAP contract.; Senior/Elderly‑Designated community (62+).
    (949) 265-1691 Call to check price and availability
    More about this property
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