201 Lincoln Ave, Grants, NM, 87020
20beds
10baths
7,090sqft
$1,100,000
$155price/sqft
$7,209/moest. monthly cost
$288,360/yrincome needed
About This Home
Value-add multifamily investment opportunity in Grants, NM featuring 10 renovated units with 80% occupancy and immediate lease-up potential. Each unit offers the same spacious floor plan with washer/dryer hookups, stainless steel appliances, quartz countertops, garbage disposals, LVP flooring, and tiled showers. New energy-efficient mini-split HVAC systems were installed property-wide in 2024. Residents enjoy a secure gated courtyard. An additional ~600 SF, 1-bedroom/1-bath unit was converted from a storage unit with washer/dryer hookups; this provides the opportunity to create an 11th income-producing unit, subject to completion. 11th unit is roughly 75% complete.
Getting Around
37
Car-Dependent0
Very Limited Transit45
Somewhat BikeableSchools
6/10
3/10
4/10
Construction
Condition
- Property condition: Resale
- Year built: 1976
Materials
- Construction materials: Brick,Frame
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Appliances
- Appliances included: Free-Standing Gas Range,Disposal,Microwave,Refrigerator
- Laundry features: Washer Hookup,Dryer Hookup,GasDryer Hookup,In Unit
Bedrooms & Bathrooms
- Bedrooms: 20
- Bathrooms: 10
Features
- Flooring: Carpet Free,Vinyl
Heating & Cooling
- Heating features: Ductless
- Cooling features: Ductless
Interior Area
- Total structure area: 7,090
- Total interior livable area: 7,090 sqft
Property
Details
- Parcel number: 2055062151437
- Zoning description: M-R
Features
- Levels: One
- Stories: 1
- Exterior features: Landscaping,Lighting
Lot
- Lot size: 0.40 Acres
Parking
- Total spaces: 20