424 Cordova Ave NW

Subject: North Valley Casitas (2) – New Tour and Bid date in May - start price is $234,350

Good morning!

On behalf of the Owners, NM Apartment Advisors to bring to market this unique community of casitas in Albuquerque’s beloved north-valley

Excellent location just off 4th and Menaul gives quick and easy access to great shopping, restaurants, old town, and the Indian Pueblo Cultural Center and a short distance to the Downtown Central Business District, Oldtown and  Saw Mill District.  

The property features a 1930’s north valley homes  is all authentic north valley Albuquerque charm with private courtyard walls in adobe colors, brick floors in the casita, and private backyard spaces.  Each apartment offers its own distinct apartments well-preserved vintage character and charm with one studio unit and one, one bedroom, one bathroom unit.

This property offers tremendous upside for investors with vision and extra capital for renovations.  The unique lot also offers plenty of parking options off Cordova and room for additional amenities.

With a start price of $234,500 there is a lot of runway on this deal as the dozen comparable sales support a market value of $301,481, this charmer will go fast.

The property is being marketed using the BID process, with a set date and time for property tours and a fixed offer deadline.  In the event of multiple offers, the Seller will be inviting only the top 50% of buyers to a best and final round.

Virtual tours of each property can be found at 

424 - www.nmapartment.com/424Cordova3d 

426 - www.nmapartment.com/426Cordova3d 

Qualified Investors can register for the in-person tour and access to the confidential document center with the online confidentially agreement at http://www.nmapartment.com/424426CordovaNW

19 page flyer at http://www.nmapartment.com/apt/NMAA-Cordova424NW.pdf

Buyer’s and Buyer’s brokers can discover the amount of Seller concession to the available to the Buyer by emailing compensation@nmapartment.com with the subject of NMAA-2567424

Timelines:
-Register for the confidential documents and property tour at http://www.nmapartment.com/424426CordovaNW

-Attend the in-person property tour at noon on Saturday, May 10th, 2025 (no other showing times are available, so please do not request one outside this time frame).
- Offer deadline at Noon on Tuesday, May 13^th, 2025.

Do not miss out on this out of opportunity for your own north valley compound.

Thanks,
Todd Clarke CCIM CIPs
CEO
NM Apartment Advisors Inc.
(505) 440-TODD

- Bid Process
- Tour date 4/30 at noon - must register
- Offer deadline -  noon - 5/1