1555 Monte Vista Ave

This is a well maintained apartment complex within a quarter mile of New Mexico State University. The immediate area is predominately dominated by students and individuals with a correlation to the University in question. The area is also characterized by young single individuals with high school diplomas or associate degrees with employment in the health care sector and retail. The complex has seen a significant capital investment in internal remodel improvements in recent years with sound rental growth to the tune of 30%. Solid area growth rate in population and income levels have also assisted in consistent rental growth which makes this a sound investment opportunity. Most applicable vacancies have come with the investment in new cabinetry, tile and appliances. The exterior grounds are attractive and well maintained. Annual gross income in recent years has been a $170,000 and above with net income hovering at $80,000 annually or higher. Financial data is available to qualified buyers upon request. This is simply a sound opportunity Give us a call to discuss.