Other 3BR 3BA - 6720 Cochiti Road SE, Albuquerque, NM

6720 Cochiti Road SE, Albuquerque, NM 87108. 3 bed | 3 bath | 4,300 sq ft | built 1950 | 13,504 sq ft lot. Start price is 10.41% cap rate at 6720 Cochiti SE presents a rare opportunity to acquire a nine-unit multifamily property in immediate proximity to Albuquerque's historic State Fair / EXPO NM. The State of NM, has approved an initial $114M in funding for what could become a ''billion dollars'' per Governor Lujan Grisham. Although the area appears a bit rough now, the state has indicated they intend to redevelop the NM Fair grounds, located just north of this property with $200M of redevelopment that could include a stadium for NM United, as well housing retail and a complete mixed-use community. The subject property is located about 400 feet due south of the center of the current Stat...