Southeast Heights Homes with Pitched Roof

Southeast Heights Homes with Pitched Roof

Welcome to Southeast Heights, a charming neighborhood located in Bernalillo County, Albuquerque, New Mexico. Known for its picturesque streets and welcoming community, Southeast Heights is a popular choice for those seeking a peaceful yet vibrant place to call home.

One of the distinctive features of homes in Southeast Heights is their classic pitched roofs. These roofs not only add character to the houses but also provide excellent protection against the elements, making them a practical and stylish choice for homeowners.

Living in Southeast Heights offers residents a unique blend of suburban tranquility and urban convenience. With easy access to amenities such as shopping centers, restaurants, parks, and top-rated schools, this neighborhood has something to offer for everyone.

Whether you're looking for a cozy starter home, a spacious family residence, or a charming bungalow, Southeast Heights has a variety of housing options to suit your needs. From historic adobe-style homes to modern townhouses, there's a perfect home waiting for you in this lovely neighborhood.

If you're searching for a place that combines comfort, convenience, and community, look no further than Southeast Heights. Come and explore the beauty and charm of this wonderful neighborhood, where homes with pitched roofs and welcoming neighbors await you.

Newest Southeast Heights Homes with Pitched Roof

808 Ortiz Dr Se, Albuquerque
$1,424,506
The property features two-story town home style apartments, which are separately metered for gas and electric and come with bonus, updated detached storage closets. All apartments offer pragmatic floor plans that are significantly larger than other apartments in the submarket. Residents enjoy spacious, multi-functional living areas, galley kitchens with all appliances (including dishwashers), separate utility rooms with full size washers / dryers, and private outdoor living spaces. 804 & 808 Ortiz offers 2 bed / 1 bath floorplans while 812 Ortiz offers two 3 bed 1.5 bath floor plans and two 2 bed / 1 bath floor plans. Secured access courtyards provide lots of additional landscaped outdoor space for residents to enjoy. Many of the apartments have been completely renovated as well - with new appliances, new luxury vinyl plank & tile flooring, and new fixtures and finishes throughout. At list price, the Seller is open to seller financing with a 15% down payment, and 6% interest rate, 30 year amortization and 5 year call. A larger down payment can increase or extend the balloon period. Located on a vastly improved block with quick and easy access to parks, shopping, Nob Hill, I-40, Kirtland Air Force Base, and the new Albuquerque Community Services Headquarters. This unique 12-unit compound is the rare offering of flexible, multi-generational living opportunities, a solid income generating community with further value add potential, and quality secure, townhome style housing in an improving neighborhood. Metrics of investment performance at the ask price of $1,424,506 include a price per sf of $129, a price per unit of $118,709, and with current rents at $1,134 per month, it generates a GRM of 8.73, a cap rate after reserves of 6.86% and an after tax IRR of 15.10%.

808 Ortiz Dr Se, Albuquerque

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Some of the information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers’ personal, non-commerical use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.

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