1069 Bonita St Grants, NM 87020
Property details
About 1069 Bonita St
CORE AssetAt full occupancy, the measures of investment performance at the ask price of $4,000,000 and current average rents of $665 a month are a GRM of 10.67, a 5.69% cap rate, $85,106 per unit, $106.39/sf, and an after-tax internal rate of return is 14.70% July 2024 appraisal indicated a value of $4,000,000.And Value AddThe property is currently 26% below market rents and that does not take into account the potential to offer furnished units to the adjacent hospital. If the rents are raised to the market of $901, the metrics of investment performance improve to a cap rate of 8.47% and a cash on cash of 12.73%.With runway - page 6 of the flyer outlines the steps for taking the 40 unrenovated units through renovation to market rents, with a value after renovation of $5.1M
Highlights
Summary
- Appliances: Refrigerator
- Basement: No
- Flooring Type: Carpet, Tile
- Total Bedroom Count: 2
- Heating: Central, Forced Air
- Cooling: Evaporative Cooling
- List Price: $4,000,000
- Price/SqFt: $98
- Annual Tax Amount: $10,629
- Tax Year: 2023
- Directions: From ABQ - west on I-40 to Grants, exit 85 north to McBride Road, east on 1st street, right on East Roosevelt, north on Lobo Canyon, right on Bonita to property.
- Year Built: 1980
- Stories: 2
- Living Area: 40,752 SqFt
- Lot Size: 2.84 Acres
- MLS Number: 1075104
- MLS Name: SWMLS
- Office Name: NM Apartment Advisors, Inc.
- Office Phone: (505) 440-8633
- Office Email: tclarke@nmapartment.com
- Listing Agent: Todd D Clarke
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Copyright © 2025 Southwest Multiple Listing Service. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/18/2025, 7:45:25 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $317,931 | $10,629 |
| 2022 | $308,671 | $10,686 |
| 2021 | $308,949 | $10,686 |
| 2020 | $390,285 | $13,277 |
| 2019 | $389,686 | $12,701 |
| 2018 | $389,686 | $14,098 |
| 2017 | $378,337 | $14,278 |
History based on county public records data.
Nearby schools
5
Mount Taylor Elementary School
Public District PK-6
0.4 mi
•1607 Del Norte
5
Mesa View Elementary School
Public District PK-6
1.0 mi
•400 Washington Ave
7
Milan Elementary School
Public District PK-6
3.9 mi
•404 Sand
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $29,423. The majority of Grants, NM residents have income less than $<35k annually. Most families are single, no kids. The majority of residents in this area have high school diploma education.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Figure Skating
Pro Wrestling
Extreme Sports
Where do the neighbors shop?
Kmart
Wal-Mart
Academy Sports & Outdoors
Where do the neighbors go to eat?
Bob Evans
Sonic
Little Caesars
What do the neighbors drive?
Buick
Oldsmobile
Chevrolet
What do the neighbors listen to?
Oldies- Contemporary Inspirational
Country
Frequently asked questions
About 1069 Bonita St
The listing price of 1069 Bonita St property is $4,000,000.
The property 1069 Bonita St is a multi located in Grants, New Mexico, 87020.
Active Listing: 1069 Bonita St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 1069 Bonita St are: Mount Taylor Elementary School (GreatSchools Rating 5/10), Mesa View Elementary School (GreatSchools Rating 5/10), Milan Elementary School (GreatSchools Rating 7/10), Los Alamitos Middle School (GreatSchools Rating 4/10), Laguna-Acoma Middle School (GreatSchools Rating 2/10), Thoreau Middle School (GreatSchools Rating 3/10), Grants High School (GreatSchools Rating 4/10), Laguna-Acoma High School (GreatSchools Rating 3/10), Thoreau High School (GreatSchools Rating 5/10).
According to the records, the last property tax for 2023 is $10,629 (source: MLS/based on county public records data).
The property 1069 Bonita St is 40,752 SqFt (source: MLS/tax record).
The year of construction for 1069 Bonita St is 1980.
This home is located at 1069 Bonita St in Grants, NM and zip code 87020. This 40,752 square foot home, which was built in 1980, sits on a 2.84 acre lot. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since December 12, 2024 and is currently priced at $4,000,000.
The inventory of homes for sale in Grants, NM between April and May 2025 did not move. In May 2025 median list price was $216,000 and the average listing age was 98 days.