1500 Avenue G Portales, NM 88130
- Specialty properties
- 3,780 SF
Current Use by Public Records
- Specialty properties
Property Details for 1500 Avenue G
- Year built
- 2024
- Property size
- 3,780 SF
- Property type
- Specialty properties
Description
This exceptional investment opportunity presents a brand-new, four-unit apartment complex in Portales, New Mexico, ideally situated near Eastern New Mexico University and Cannon Air Force Base. The property boasts a total of 3,780 square feet, encompassing four individual units, each featuring two bedrooms and two bathrooms. Each unit is equipped with modern, brand-new kitchen appliances and a washer and dryer, enhancing tenant appeal and convenience. The complex is constructed with energy efficiency in mind, incorporating 2x6 exterior walls and spray foam insulation in both walls and roof, resulting in lower utility costs for residents. Adding to the desirability, each unit includes a private fenced backyard, providing residents with valuable outdoor space. Built in 2024, this single-story building sits on a lot ranging from 8,337.5 to 13,429 square feet, zoned for multi-family use. The asking price for this turnkey investment property is $491,000. Its strategic location and modern amenities make it an attractive option for students and military personnel alike, promising strong rental income potential. The property's energy-efficient design further enhances its long-term value and appeal to environmentally conscious renters. This is a rare opportunity to acquire a newly constructed, high-quality multi-family property in a desirable location.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Portales
- County
- Roosevelt
- State
- New Mexico
- Longitude
- -103.341
- Latitude
- 34.1755
