532 Tennessee St NE & 530

Subject: ABQ: Two amazing side by side fourplexes: Upscale, amazing floorplans and design – a potential of a 9.20% cap rate - and potential for 8 units

Good morning-

On behalf of the owner, NM Apartment Advisors is excited to bring this amazing opportunity to purchase a four-plex in the Mesa Verde Addition area. 

Each unit contains a large two bedroom, one bathroom unit with fireplace and each building has a laundry facility. 

With ask price of  the current average rents of $1,050, and an ask price of $816,000 the measures of investment performance include a price per unit of $102,000, price per square foot of $113.59, a GRM of 8.30, an after reserves cap rate of 7.05%.

If rents are raised to the market average of $1,300, the measures of investment performance improve to a before reserves cap rare of 9.20%.

19 page information flyer is available at 

http://www.nmapartment.com/apt/NMAA-Tenn530-532NE.pdf

Virtual tour of Unit 1 (at 532), vacant and ready for an owner occupant is at http://www.nmapartment.com/tenn3d

Complete the online confidentially agreement for the property at http://www.nmapartment.com/Tenn530NE

To access the confidential information on the property.

Discover the Seller’s concession to the Buyer by emailing compensation@nmapartment.com with subject line: NMAA-2584532, which can be used for a Buyer’s brokerage fee or a credit to the Buyer.

The property is well located at 530 & 532 Tennessee NE and is close to grocery stores, Uptown, University area and so much more. The property is also across the street from the Mesa Verde park and the Community Center that offers programs for children and adults who live in the La Mesa area.

Although each fourplex is on it’s own lot, the owner has a strong preference to sell both buildings together at the same time.

Do not miss out on an opportunity to acquire a well built fourplex in one of the strongest rental markets in the country.

Thanks,

Todd Clarke CCIM CIPS

CEO
NM Apartment Advisors Inc.
(505) 440-TODD

- Amazing architecture
- across from park and communit center
- central location