517 1st St SW

NM Apartment Advisors and Maestas Real Estate Services are proud to
offer 507 1st SW located in Albuquerque, NM. This property is 0.488
acres and is zoned Mixed Use High Intensity Zoning district.

The current owner has plans for 100 Multi-family units on the site, with
first floor parking, including a roof top deck amenity. The property is
conveniently located directly west of the planned $70M Rail Trail, south
of the Alvarado Transportation Hub, just southwest of the ABQ Innovation
district, and north west of the under development NM Media Academy, and
on the east side of the Central Business District.

The full flyer and info at http://www.nmapartment.com/apt/NMAA-1st517SW.pdf

Subject property might qualify for the first round of $30,000,000 of
financing from the NMFA Opportunity Enterprise Housing Development Fund
– applications are open from 9/4 to 10/16 – more info at
https://www.nmfinance.com/opportunity-enterprise-housing-development-revolving-fund/

Qualified developers can register for additional information from the
confidential document center by completing the online confidentially
agreement at http://www.nmapartment.com/Railyardflats

You can help address the current housing shortage - our market needs
over 23,000 new rental units and until we build them, we will continue
to be the #1 market in the country for rent growth.