Friday, July 22, 2011

Albuquerque Homes For Sale - Downtown Condos

I had a opportunity today to check out an apartment complex in a nice little area just west of downtown Albuquerque. The owner of this southwest, 1 story complex has re-zoned the buildings for condos and is currently selling each unit. There are probably about 70% of these Albuquerque condos for sale which are occupied by tenants already, which could be good for investors who are looking for turn-key units, if the rents work out of course.

I was lucky enough to have the property manager show me a refurbished model unit. The unit itself was a 1 bedroom and had original hardwood flooring throughout, a full bathroom, kitchen with ally and courtyard access and a cozy little living room. I was pretty impressed with the entire complex.

The units, right now, range from $111k to $145k for a two bedroom. The location is great! It was within bike riding distance to several shops and restaurants. It really looked like a fun place to live. The complex itself came with a large, grassy courtyard that was begging for a privacy wall for its occupants but looked good even without. The complex itself was a stucco, flat roofed structure with red brick accents. It really fit in with the southwest feel of several homes for sale in the Albuquerque area.

Check out the video I made for an out-of-town client!

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