7615 Chico Rd NE

**For Sale: Chico Apartments** Located at 7615 Chico Rd NE, Albuquerque, NM 87108, this two-story garden-style apartment complex offers a prime investment opportunity. With 16 units and a total of 9,768 SF of space, this property presents a value-add potential with a cap rate of 10.02%. The building features a recent TPO roof, secure entry gates, and upgraded unit features such as open layouts and security doors and windows. Situated in the Southeast Heights submarket, the property provides easy access to the University of New Mexico and Albuquerque International Sunport. Its proximity to amenities like schools and shopping, as well as the newly built International District Library, adds to its appeal. Priced at $1,200,000, this property is ideal for investors seeking a well-maintained asset with upside potential in a desirable location. Contact us for more details on this lucrative investment opportunity.

Details
Sale Price $1,200,000 / $75,000 Per Unit
CAP Rate 10.02%
Submarket Southeast Heights
Lot Size 0.31 Acres
Total Lot Size SF ±13,503.60 SF
Units 16
Zoning R-MH