12120 Candelaria Rd NE

Subject: NE heights townhouse style fourplex ideal for owner occupant

Good morning!

NM Apartment Advisors is excited to bring to market an amazing courtyard style, NE heights, fourplex.

The property is located close to foothills trails, I-25, Kirtland Air Force Base, Sandia National Laboratories  and great local shopping & restaurants.  

Each townhouse style apartment contains two bedrooms and one bathroom upstairs and 1/2 have bathroom and laundry room downstairs and they are also separately metered for gas and electric.  Large parking lot accommodates plenty of off street parking. The same owner also own the fourplexes to the west, 12100 Candelaria NE which is available for sale at $650,000.  The owner is willing to make both available to an investor who is looking for 8 units.

19 page flyer at http://www.nmapartment.com/apt/NMAA-Candelaria12100NE.pdf

Measures of investment performance at ask price of $750,000 and average rents of $1,250 are a GRM of 12.50, a 5.99% cap rate, $187,500 per unit,  $185/sf.

If rents are raised to the market average of $1,484 the measure of investment performance improve to a cap rate of 7.03%.

Assuming a 25% down payment, an interest rate of 6.25% and 30 year amortization, an owner can live on the property for as little $993 per month.

 

Qualified investors or owner-occupants can complete the online confidentially agreement at 

www.nmapartment.com/Candel12120 to gain access to additional confidential info on the property.

Buyer’s and Buyer’s brokers – email compensation@nmapartment.com with the subject line of: NMAA-2567120 to discover the concession the Seller is offering the Buyer if they choose to compensate their Buyer’s broker. 

Do not miss out on this opportunity to buy a core asset in a market with strong economic growth from all of the new Netflix, Facebook, Intel, and Amazon jobs that have created a housing shortage that has led to double digit annual rent growth.

Thanks,
Todd Clarke CCIM CIPs
CEO
NM Apartment Advisors Inc.
(505) 440-TODD

- NE Heights location
- Town house style units
- ready for owner occupant