512 Mesilla St SE

On behalf of the owners, NM Apartment Advisors is excited to bring to market this opportunity to purchase this potential owner occupant, courtyard style fourplex with two bedroom, one bathroom units each with washer/dryer hookups or washer/dryers.

The prior owner remodeled the property with new windows, synthetic stucco, hard surface flooring, new lighting, new vanities, washer/dryers new evaporative coolers updated electrical, wrought iron security fence, new toilets as well as replacing some of the hot water heaters and furnaces.

This 4-plex 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.

17 page flyer at http://www.nmapartment.com/apt/NMAA-mesilla512se.pdf

Measures of investment performance at ask price of $433,651 and current average rent of $906 are a GRM of 9.97, a 6.71% cap rate, $108,413 per unit, $144.55/sf.

If rents are raised to closer to market rates of $1,075 the measure of investment performance improve to a cap rate of 8.10%

Additional info can be found by qualified investors who complete the online confidentially agreement at http://www.nmapartment.com/mesilla

Do not wait, owner occupant fourplexes in this price range are few an far between!

Thanks,

Todd Clarke CCIM CIPs

CEO

NM Apartment Advisors Inc.

(505) 440-TODD

-renovated units

- laundry in each unit

-courtyard style