🏠 1430 Franciscan St NE, Albuquerque, NM 87102
💰 Wholesale Price: $135,000
📈 ARV: $250,000
📅 Close of Escrow (COE): 3/5/2026
💵 Earnest Money Deposit (EMD): $5,000 (Non-Refundable)
📦 Post Possession: None
- Property Type: Single-Family Structure (unfinished interior)
- Bedrooms/Bathrooms: 2 bed / 1 bath
- Living Area: ~867 SQ FT
- Lot Size: 5,066 SQ FT
- Year Built: 1935
- Parking: Off-Street
- Occupancy: Vacant (several years)
- Zoning: NR-LM (Non-Residential Light Manufacturing) – see zoning notes below
Overall Condition: Full interior build-out required
- Interior walls framed; no drywall installed
- Ceilings open
- Electrical rough mostly run but unfinished
- Will need to be tied into a new exterior panel
- Plumbing rough partially installed
- Blank slate ideal for contractor or experienced investor
- Roof: Seller reports long-life rubber roof in good condition
- Exterior: Modern stucco
- Structure: No known structural issues reported
- Will require permits and inspections to complete
- Property is zoned NR-LM (Non-Residential Light Manufacturing) under Albuquerque’s Integrated Development Ordinance (IDO)
- NR-LM zoning was adopted November 13, 2017 and became effective May 17, 2018
- Under NR-LM zoning:
- Residential uses are generally not permitted by right
- Uses are classified as:
- P – Permissive
- C – Conditional (requires review/approval)
- A / CA – Accessory or Conditional Accessory
- Residential use may be allowed only if:
- The residence existed prior to the zoning change (Property Built 1935 | Zoning adopted in 2017)
- It was legally established at the time
- The City recognizes it as a legal non-conforming use
- Changing NR-LM to Residential or MX-L typically requires:
- Formal application
- Fees
- Planning review
- Possible neighborhood input
- Buyer to verify zoning, use, and financing feasibility independently
Vacant – By appointment only.
Contact Graham for showings and offers.
📷 Pictures: https://drive.google.com/drive/folders/19J8BPY_KvQnD-R_3xWSn-lWF5GQaqRDe?usp=sharing
📊 Comps: https://drive.google.com/drive/folders/19E1dhFruoAYD3YMbHlxWndytigb6QYB5?usp=sharing
📞 505-810-7299
📧 grahamwitherbee@gmail.com
Call/Text Graham for questions, walkthroughs, or offers.
Seller of this property either is the owner of record or has equitable title via a contractual interest, or a JV agreement with holder of equitable title. Buyer(s) to verify all facts, figures and material items. United Homes of America LLC makes no representations as to the condition or defects of any property. Information provided is deemed accurate but could be incorrect. Any values listed are purely an opinion of value, and buyer(s) are responsible for determining and/or verifying the property value. Buyer to do his/her own due diligence at their own risk. Property is sold “AS-IS” and requires either cash or hard-money. Non-refundable earnest money is required on every property prior to being publicly marketed for a binding agreement by every recipient of this email without exception. United Homes of America LLC is owned and operated by licensed Arizona real estate agent(s) (SA649785000).
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