Mountain Vista & Sierra Meadows - NM_Property for Sale
Mountain Vista & Sierra Meadows - NM_Property for Sale
Albuquerque, NM, US

Mountain Vista & Sierra Meadows - NM

Portfolio description

Jones Lang LaSalle Americas, Inc. (“JLL”) or its state-licensed affiliate has been exclusively retained to offer an opportunity for qualified investors to purchase the fee simple interest in Mountain Vista and Sierra Meadows (the “Properties”), consisting of 340 units in Albuquerque, New Mexico. The Properties are ideally positioned in the desirable Northeast Heights and Kirtland/Four Hills submarkets, within close proximity to some of the area’s biggest economic drivers including the University of New Mexico, Sandia National Laboratories, and an abundance of strong neighborhood retail centers. The Albuquerque market has experienced robust job growth over the past two years, having added over 56,303 jobs, resulting in an impressive growth rate of 12.9%. Mountain Vista, built in 1979, offers potential buyers the opportunity to continue implementing a successful value-add strategy, as ownership has increased rents $230 over the last year. Sierra Meadows, built in 1973, provides potential buyers the opportunity to carry forward a proven value-add program as upgraded units are achieving rental premiums of $182. Additionally, current ownership has spent ~$5.8 million in capital expenditures, allowing new ownership the ability to focus on the interior value-add plan to generate significant NOI growth.



Number of units
340 units
Year built
Building Area
300,764 sf
Mountain Vista & Sierra Meadows - NM (2 Properties)
Mountain Vista & Sierra Meadows - NM (2 Properties)


Investment Highlights



» Two Refreshing Swimming Pools

» Clubhouse

» Two Laundry Facilities

» Two Playgrounds

» Multiple Picnic Areas

» Spacious State-of-the-Art Fitness Center

» Two Saunas


» Black Appliances*

» Faux Wood Flooring

» Built-In Niches*

» Gas Stoves

» Patio or Balcony*

» Ceiling Fans*

» Pantries*

» Outside Storage

» Dishwasher

*in select units



» Sparkling Resort-Style Swimming Pool

» Business Center

» Fitness Center

» Two Laundry Care Centers

» Playground

» Walking Paths


» Faux Wood Flooring

» Black or Stainless Steel Appliances*

» Private Backyards*

» Gas Stoves

» Patio or Balcony

» Ceiling Fans

» Dishwasher

» Garbage Disposal

» Frost Free Refrigerator*

*in select units

Mountain Vista & Sierra Meadows - NM 4_Property for Sale
Mountain Vista & Sierra Meadows - NM 4_Property for Sale

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Last updated
18 Sep 2023