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Sold

511 W Lea Street

511 W Lea Street, Carlsbad, NM 88220

Well-constructed 14-unit apartment complex built in 20211 This excellent investment opportunity with great occupancy, has an approximate 8.6% cap rate. In this two-story structure, all units are well appointed with 2 bedrooms, 1 bathroom and range in square footage between 720-750 sq feet. The complex includes a modern fire suppression and monitoring system, video security, security lighting, p-Tech heat pump systems, low maintenance concrete and rock grounds, 3 furnished units, and ADA compliant unit, additional complex storage, and more.

0.69 Acres lot

Amanda Mashaw

title Associate Broker
PHONE (575) 302-0382
EMAIL [email protected]
DRE # 47639

Features & Amenities

Interior

APPLIANCES Water Heater

Area & Lot

Status Sold
Lot Area0.69 Acres
MLS® ID20234044
TypeCommercial
YEAR BUILT2021
NeighborhoodQuail Hollow

Exterior

water SourcePublic
utilitiesElectricity Connected, Sewer Connected, Cable Connected
roofMetal, Pitched
lot featuresPaved
parkingPaved

Financial

Price Upon Request

Quail Hollow

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Let’s Find Your Dream Home

With over 12 years as a real estate broker and 25+ years in the industry, Amanda Mashaw is your trusted expert in Carlsbad, NM. Whether buying, selling, or leasing residential, commercial, or land properties, she provides the knowledge and dedication you need. Partner with Amanda at CENTURY 21 Dunagan Associates for a seamless real estate experience!’

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