220 General Stilwell St NE

Subject: ABQ: NE Heights fourplex only $437,668 – proforma cap rate 7.79%

Good afternoon-

On behalf of the owner, NM Apartment Advisors is excited to bring this amazing opportunity to purchase a North East Heights four-plex.

Each of the units are two bedroom one bathroom units in a two up, two down format that include an onsite laundry that is leased from CSC.

At the current average rents of $925, and an ask price of $437,668 the measures of investment performance include a price per unit of $109,417, price per square foot of $136.77, a GRM of 9.86, an after reserves cap rate of 6.54%.

If rents are raised to the market average of $1,075, the measures of investment performance improve to a before reserves cap rare of 7.79%.

15 page information flyer is available at http://www.nmapartment.com/apt/NMAA-Generalstil220NE.pdf

Complete the online confidential agreement for the property at http://www.nmapartment.com/220GeneralStilwellNE

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-2571220, which can be used for a Buyer’s brokerage fee or a credit to the Buyer.

This community is located in an area of that has had major announcements of new employment.  Couple that with the impact of the citywide expansion of Netflix, Facebook, Intel and Amazon and this property is well positioned to enjoy the forthcoming wave of appreciation and rent growth.

Priced below the market average of fourplex sales, this community is likely to move fast.

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

- NE Heights location

- space for yards

- higher than average cap rate