🏚️ Off-Market Cosmetic Fixer in West Old Town/Sawmill District | Studio Bonus | 1,300+ SQ FT | $240K | $380K ARV
🏠 2701 Mountain Rd NW, Albuquerque, NM 87104
💰 Wholesale Price: $240,000
📈 ARV: $380,000
📅 Close of Escrow (COE): 7/25/2025
💵 Earnest Money Deposit (EMD): $5,000 (Non-Refundable)
📦 Post Possession: No
Property Type: Single-family residence
Bedrooms/Bathrooms: 4 beds / 1.5 baths + enclosed heated studio/office
Living Area: 1,425 SQ FT (bonus studio)
Lot Size: 6,534 (Corner lot)
Year Built: 1951
Parking: Extra-long garage
Occupancy: Vacant
Zoning: Residential
- Walking distance to Old Town & trails
- Heated studio space could easily become a 5th bedroom
- Landscaped, fenced backyard with enclosed atrium & pond
- Roof recently serviced by licensed roofer
- Updated windows
- West Old Town location across from Reginald Chavez Elementary
Roof: Recently serviced
HVAC: Evaporative cooling – 2 units (roof unit is winterized)
Foundation: Crack in slab reported; seller believes it’s cosmetic
Plumbing: Older, roots in sewer line (scope completed)
Electrical: Operational
Pond: Runs continuously; no black mold, some organic growth
The following items were disclosed or observed during inspection:
- Sewer Line: Roots and obstruction present; may require spot repair or full replacement (scoped).
- Foundation/Cracks: Hairline cracks in slab and exterior stucco; likely due to tree roots—common in this area.
- Pond Room Live Growth: Possible mold spores found in indoor atrium where pond runs continuously; no black mold (Stachybotrys) detected.
- Ceiling Stains: Some water stains present from a previous roof issue. Roof has since been serviced and shows no active leaks.
- Full interior cosmetic update (dated finishes throughout)
- Bathroom/kitchen remodeling
- Flooring throughout
- Minor drywall/paint
- Deep clean / mouse infestation previously treated
- Skylight water stain from before roof repairs
🔑 Lockbox – Call Graham!
📲 Contact Graham Witherbee for showings and offers
📷 Pictures: https://drive.google.com/drive/folders/1zHvtVIUNpc6FFMizT1upKx5LJ_HGUg83?usp=drive_link
📊 Comps: https://drive.google.com/file/d/1KFnH1IQm0fe7Mf-LF6fTDNUkPZByAmcK/view?usp=drive_link