Location
Albuquerque, NM
Acquired
2022
Units
156
Acquisition Price
N/A
Capital
$19,908,570
Status
Holding
Located in the prestigious Northeast Heights neighborhood of Albuquerque, the 156-unit Quincy, formerly known as the Village at Tierra Antigua, features large, attractive floor plans averaging 1,037 square feet, one attached or detached garage for every unit, and outstanding access to nearby employment centers and lifestyle amenities. The property has been exceptionally well maintained throughout the years and since 2019, has seen over $1.5M in repairs, maintenance, and some modest renovations to the common areas.
TMR plans a $2,920,000+ renovation budget to focus on rent-generating improvements, bringing all units up to a market-leading finish scope and modernizing the community’s common areas. Once these transformative renovations are complete, we are confident Quincy will quickly become a high quality and desirable rental address within the Albuquerque market.
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