UNM area triplex

Subject: Upscale & Quirky cool - University area triplex with high end rents! New price $532,190

Good morning!

On behalf of the owner, NM Apartment Advisors Inc. and Deacon Property services are pleased to present this opportunity to acquire one of the most charming UNM Area Tri-plexes we’ve ever seen. Updated with the utmost care and attention – each apartment is wholly unique with distinct accommodating floor plans, outdoor living spaces, custom finishes, and artistic touches.

Units are separately metered – gas and electric. Units A and B share a private, recently updated laundry room. 421 ½ has its own washer / dryer. Residents love the romantic atmosphere and artisan work around every corner - stained glass accents, custom wood work, built-ins, Talavera tile, meandering pathways, and extensive garden areas. 

Top UNM market rents come easily with plenty of room for simple value add measures – like furnishing one or all units, including WiFi, or creating additional private yard spaces.

Located at 421 Harvard SE, this exception location puts the property within a mile of UNM Hospital & Presbyterian Hospital and just 4 blocks to UNM. 84 Walk Score. 83 Bike Score. 

17 page flyer at http://www.nmapartment.com/apt/NMAA-Harvard421SE.pdf

Virtual tour at http://www.nmapartment.com/421harvard3d

Measures of investment performance at ask price of $532,190 and current average rent of $1,255 are a GRM of 12.14, a 5.89% cap rate, $177,397 per unit,  286/sf and an after tax IRR of 13.8%. 

Properties like this, in a market where amazing job growth from all of the new Netflix, Facebook,

Intel and Amazon jobs, go quickly. Do not wait as you will be honored to own this one.

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

and

Kyle Deacon
Deacon Property Services
(505) 878-0100
KyleD@deaconnm.com