Residences @ Copper Ave - A Townhome Community

Highlights:

• Construction completed in January 2024
• Units leased well below market rents
• 10 Unit Lofts - 1,104 SF Units
• 2 Bed & 2.5 Bathroom
• 3-Stories
• Exterior Patios & Private Yards
• Developing Trade Area & Strong Rental Market
• 10 Parking spaces
• Property currently 60% occupied, owner allowing vacancy for buyer

Description:

PROPERTY OVERIEW
Welcome to The Residences @ Copper, a collection of ten newly constructed residences nestled near the majestic Sandia Mountains. This thoughtfully designed community offers a harmonious blend of modern luxury & simplicity, in a submarket that is quickly redeveloping. A local developer has recently completed the job and leased the community up to 100% occupancy. All units offer spacious and well-appointed interiors, thoughtfully designed to maximize natural light and optimize living space. Each unit is 3-stories, containing living units on floor one, with primary units on each floor above. Each townhome has it’s own dedicated outdoor patio. Modern finishes, including concrete flooring, quartz countertops, and stainless-steel appliances, elevate the overall living experience. The townhomes are equipped with energy-efficient features, including smart thermostats, LED lighting, and high-efficiency appliances, and new high-efficiency HVAC systems. This newly constructed development is a great opportunity to purchase a brand new asset that requires little upkeep and maintenance expense, while increasing rents to market averages.

LOCATION OVERIEW
Located underneath the shadow of the Sandia Mountains in Albuquerque’s NE Heights and just 2 Minutes away from I-40 & Tramway, the Residences at Copper Ave. has the convenience of the city with the serenity of living near the mountains. The property is located in APS’s Manzano High School district and as a quickly redeveloping area with home values rising, homes being flipped, and many new construction projects happening in the area.

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