424 Cordova Ave NW

Subject: North Valley Casitas (2) – both units ready for owner occupant

Good morning!

On behalf of the Owners, NM Apartment Advisors to bring to market this unique community of casitas in Albuquerque’s beloved north-valley

Excellent location just off 4th and Menaul gives quick and easy access to great shopping, restaurants, old town, and the Indian Pueblo Cultural Center and a short distance to the Downtown Central Business District, Oldtown and  Saw Mill District.  

The property features a 1930’s north valley homes  is all authentic north valley Albuquerque charm with private courtyard walls in adobe colors, brick floors in the casita, and private backyard spaces.  Each apartment offers its own distinct apartments well-preserved vintage character and charm with one studio unit and one, one bedroom, one bathroom unit.

This property offers tremendous upside for investors with vision and extra capital for renovations.  The unique lot also offers plenty of parking options off Cordova and room for additional amenities.

At the ask price of $250,000 and an average potential rent of $1,125 the measure of investment performance include a price per unit of $125,000, a price per square foot of $271.21, a 9.26 GRM, and 7.20% before reserves cap rate.

19 page flyer at http://www.nmapartment.com/apt/NMAA-Cordova424NW.pdf

Buyer’s and Buyer’s brokers can discover the amount of Seller concession to the available to the Buyer by emailing compensation@nmapartment.com with the subject of NMAA-2567424

Do not miss out on this out of opportunity for your own north valley compound.

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

- Bid Process
- Tour date 4/30 at noon - must register
- Offer deadline -  noon - 5/1