Sierra Meadows - New Mexico_Property for Sale
Sierra Meadows - New Mexico_Property for Sale
4236 Eubank Blvd NE, Albuquerque, NM, 87111-3423, US

Sierra Meadows - New Mexico

Asset 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 Sierra Meadows (the “Property”), a 120-unit asset in Albuquerque, New Mexico. Positioned in the desirable Northeast Heights submarket, the Property’s location provides residents with scenic views of the Sandia Mountain range and proximity to some of the area’s biggest economic drivers including the University of New Mexico, Sandia National Laboratories, and a plethora of strong neighborhood retail centers. Furthermore, Albuquerque has seen continued growth over the past decade, adding ~50,000 jobs (6.4% growth) since the start of 2020. Built in 1973, Sierra Meadows presents prospective owners with the potential to carry forward a proven value-add program as upgraded units are achieving $186 premiums over the 69 unrenovated units. In addition, new ownership is afforded the opportunity to assume a full-term IO Fannie Mae loan with ~6 years remaining and a well below market rate of 2.82%.



Number of units
120 units
Year built
Building area Net
9,978 m²


Investment Highlights


◇ Sparkling Resort-Style Swimming Pool

◇ Business Center

◇ Fitness Center

◇ Two Laundry Care Centers

◇ Playground


◇ 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

Sierra Meadows - New Mexico 4_Property for Sale
Sierra Meadows - New Mexico 4_Property for Sale

Contact brokers

Sierra Meadows - New Mexico (0 Properties)

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Last updated
18 Apr 2023