107 Kircher St
Carlsbad, NM 88220
Grayhawk Apartments 100% Leased · Multifamily Property For Sale · 8 Units

New 2021 Construction apartment complex. The property was developed to sell once leased. There are 8 total apartments consisting of 4 duplex buildings. Each apartment is 3 bed 2 bath. They were constructed with a low maintenance concept. They are fully furnished with new furniture & high end appliances. The furnishings will convey will sale. The exterior is 95% concrete & 5% landscape rock. There are 20 covered parking spaces. Each unit has fiber optic internet that was brought underground during construction. The apartments have individual electrical meters, however the current leases operate on an all bills paid format. Landlord pays all utilities, internet, & gym membership to the 30,000 SF gym behind the complex. The location of this apartments complex was strategically placed for success. It is located near the intersection of two major highways that locals utilize when heading to work. It is 1/4 mile from Walmart. There is a city park with a playground & basketball court next door. We are only offering 12 month leases at this time. We are asked for short term leases often, but the local demand for apartments is bringing plenty of 12 month lease applicants. The buyers could easily produce more income by offering shorter lease terms for higher rent rates. Airbnb is a huge success in this area due to the tourism brought by the Carlsbad Caverns.