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3601 Wellesley Dr NE

3601 Wellesley Dr NE Albuquerque, NM 87107

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Overview

Subject: 25 units portfolio in Northeast Heights – 7.47% cap rate

Good morning!

On behalf of the owner, NM Apartment Advisors Inc., is excited to take to market this 25 units portfolio in three parcels centrally located Alta Monte neighborhood.

Located at 3601, 3605 & 3611 Wellesley NE, as well as 3611 Tyson NE. The portfolio is easily managed from one central location that includes laundry room for the residents use. The property portfolio contains two studio units, thirteen one bedroom units and ten two bedroom units.

The portfolio is offered at the value of recent appraisals and is an amazing opportunity to invest in a growing economy.

At the ask price $3,015,000 and of based on the current average rents of $1,157 per month, the property’s measures of investment performance include a 8.68 GRM, 7.26% cap rate before reserves, before tax IRR of 16.1% and an after-tax IRR of 12.9%.

If rents were raised to market average of $1,324, and even with a potential threefold increase in property taxes, which likely not occur until 2027, the measures of investment performance improve to a 7.74% cap rate.

20 page flyer and additional information at http://www.nmapartment.com/apt/NMAA-Well3605NE.pdf

Virtual tour of the one of the one bedroom units can be viewed at : http://www.nmapartment.com/well3601unit9_3d

Virtual tour of the one of the two bedroom units can be viewed at : http://www.nmapartment.com/well3601b3d

Buyer’s can discover, Seller concession to Buyer, which Buyer may use to pay their buyers broker, by emailing compensation@nmapartment.com with NMAA-2587601 in the subject line.

Qualified investors can register for the confidential document center at http://www.nmapartment.com/well3601

Do not wait, apartment investments continue to show strong appreciation coupled with high rent growth potential from all of the new Amazon, Facebook, Intel, and Netflix jobs entering the market.

Thanks,

Todd Clarke CCIM CIPs

CEO

NM Apartment Advisors Inc.

(505) 440-TODD

- 25 units in 3 properties

-21 units are adjacent