Bankruptcy Auction case No.: 18-13027-t11,ordered by the the United States Bankruptcy Court for the District of New Mexico. Auction consists of 650 +/- vacant parcels of all sizes situated in multiple locations throughout eighteen (18) New Mexico counties, sold to the highest bidder(s), individually and in packages, “as-is where-is". ALL AUCTION/PROPERTY/BIDDING INFO AVAILABLE AT WWW.ASFBANKRUPTCYAUCTION.COM. Website contains a mapping | charting module with a tutorial to help you navigate through locating properties you want to investigate and underwrite in preparing for the auction. Properties will be offered individually and in packages. Qualified Bidders can purchase one property, two properties, or more. NOTE: the auction is NOT subject to a purchaser obtaining financing of any kind.
AUCTION DATES: Phase I - Sept. 21-28; Phase II - November (specific dates to be announced). www.asfbankruptcyauction.com
Auction Type: Disclosed Reserve
Scheduled for a Ten-X auction by September 2021. Wide-open space for the current user can be divided into 5 separate retail/office/light manufacturing. Each possible space/unit has its own bathroom/HVAC/ingress-egress. Retail frontage and rear parking.
All offers are subject to court approval. Tour and inspections are available with 48-hour notice. No exceptions, please.
Call LA for detailed information. Current tenant "hoping" for a lease with new owners.
Auction Reserve: $300,000
8920 Northeastern Blvd. NE has tremendous cash-flow potential. In the Northeast submarket, 2 bedroom/2 bathroom units rent for $1.00/SF on average. Thus, the ±1,050 SF units have potential to rent around $1,000/ month. There is also a large owner’s unit. The property has a private courtyard, pool, elevator, covered parking. All units are separately metered for gas and electric utilities.
The property is surrounded by many stable multi-family properties within a calm residential neighborhood.
Before-Tax Projected IRR: 20.83%*
After-Tax Projected IRR: 15.96%*
*See last page of flyer
Auction Reserve: $520,000
Sealed Bid Auction: Yes
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