509 Kiva

The property is comprised of four buildings (509, 535, 561, 587) that total 32-1 bedroom, 1 bathroom units. The investment benefits from several key factors include housing shortage, high average household income, an almost 0% market vacancy. The property was built in 1950 and has been meticulously maintained by current ownership. Each unit contains 535 square feet of living space. Kitchens include refrigerator, oven, sink, and microwave. Main living areas have carpet, large windows for natural light, and privacy blinds. The buildings have on-site laundry facilities. The heat and hot water are controlled by a central boiler system. Bathrooms contain a tub shower combo. Capital expenditures include new double pane windows. Close to downtown Los Alamos, and Los Alamos National Laboratory, the areas largest employer with approximately ~13,000 employees.

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