High end demographic west site apartment site

Good morning- NM Apartment Advisors and Maestas Real Estate Services are proud to offer 4517 Quaker Heights NW located in Albuquerque, NM. This property is 1.4891-acres and is zoned Mixed Use Transitional. The current owner has plans for 43 Multi-family units on the site, including 10 townhouse-style units with garages. The property is conveniently located near I-40 and Coors, which puts it minutes from shopping, schools, and employment. Intel, who has recently added thousands of new jobs is located 10 minutes from the site. The asking price is $1,200,000, with a price per unit of $36,364, a price per acre of $805,856, and a price per square foot of $18.50, full flyer and info at http://www.nmapartment.com/apt/NMAA-Quaker4517.pdf In the confidential document center we have a financial development model that includes average rent for 1 Bedroom units is $1,972 and the average rent for a 2 Bedroom unit estimated at $2,070. The total projected building size is 42,837 square feet. Qualified developers can register for additional information from the confidential document center by completing the online confidentially agreement at www.nmapartment.com/quakerheights. You can help address the current housing shortage - our market needs over 19,000 new rental units and until we build them, we will continue to be the #1 market in the country for rent growth. Thanks, Todd Clarke CCIM CIPS CEO NM Apartment Advisors Inc. (505) 440-TODD And Anita Maestas Qualifying Broker & Owner Maestas Real Estate Services, Inc. 505-463-3565 anita@maestasrealty.com