56190 Papago Trail

Located within the walkable Old Town corridor, 56190 Papago Trail is a fully renovated triplex engineered for operational simplicity and consistent cash flow. The property was comprehensively improved in 2023 & 2024, substantially reducing near-term capital expenditure risk. All units are single-story and feature two-bedroom layouts, including two two-bedroom, one-bath units and one two-bedroom, two-bath unit. Three garage spaces and additional on-site parking further support tenant retention and ease of management. With the renovation complete, ownership steps into a stabilized asset requiring limited oversight beyond routine operations. The uniform floor plans and updated systems create a predictable income profile in a supply-constrained Old Town submarket. The property is extremely well-positioned for a 1031 exchange capital seeking a durable yield without redevelopment exposure. This asset may be acquired alongside the renovated triplex at 7428 Acoma Trail and the four nearby RS-5 zoned residential infill parcels, allowing an investor to pair stabilized income with strategic land control within the same Old Town footprint.