4156 Mesa Verde Ave NE

Subject: Upscale & Quirky cool – Nob-Hill/University area fourplex in amazing location

Good morning!

NM Apartment Advisors and Deacon Property Services are honored to bring to market this well located, quality fourplex in one of Nob hill's most desirable and sought after neighborhoods.

This well-maintained community boasts beautiful native landscaping with additional covered parking and storage for residents. Each apartment features a unique floor plan with smart updates and bonus offerings. Unit A and C are 2 bedroom units with assigned covered parking.  Unit A has a long private driveway with carport parking right next to the apartment, while unit C also includes a washer / dryer in the apartment and a private yard space with direct access to storage. Units B and D are both 1 bedroom units with nice private yard spaces. 

All units are separately metered for gas and electric and each offers a ton of potential for value-add updating. 

Exceptional North Nob Hill Location—situated close to Humble Coffee, High and Dry Brewery, and some of the area's best parks. Minutes from Sprouts grocery, excellent Nob Hill shopping & entertainment and just 1 mile to UNM's Main Campus. The property is also within about 30 feet of a Starbucks, so caffeine junkies will be well served! 

Located at 4156 Mesa Verde NE, this exception location puts the property within a mile of UNM Hospital & Presbyterian Hospital and the UNM/CNM Campus. Thus location has a high Walk Score (80), Bike Score (86) and Transit Score (40) and is adjacent to Starbucks coffee shop.

16 page flyer at http://www.nmapartment.com/apt/NMAA-MesaVerde415NE.pdf

Virtual tour at http://www.nmapartment.com/mesa3d

Measures of investment performance at ask price of $518,278 and current average rent of $916 are a GRM of 11.78, a 5.95% cap rate, $129,570 per unit, $245/sf and an after tax IRR of 10.0%. 

 

If rents are raised to market of $1,113 the measures of investment performance improve to a cap rate of 7.08%

Discover the Seller’s concession to the Buyer by emailing compensation@nmapartment.com with subject line: NMAA-2577156, which can be used for a Buyer’s brokerage fee or a credit to the Buyer.

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

- Amazing location
- Near Nob Hill and University Campuses