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Offering Memorandum |
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The information contained herein was obtained from sources believed reliable; however, the brokers makes no guarantees, warranties or representations as to the completeness or accuracy thereof. The presentation of this property is submitted subject to errors, omissions, change of price or conditions prior to sale or lease or withdrawal without notice. |
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Downtown Mixed Used Redevelopemnt & Apartment Community 210-230 Sixth SW— Albuquerque, New Mexico |
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Marketing by: |
Todd Clarke CCIM 505.480.8885 NM Apartment Advisors Inc. |
505.480.8885 NM Apartment Advisors Inc. |
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Executive Summary |
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8 |
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units |
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1920’s |
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Approx. Year Built |
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5,624 |
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Total SF |
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703 |
sf |
Avg. unit Size |
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$458 |
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Avg. Rent |
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No |
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Parking |
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Investment Information |
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$600,000 |
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List Price |
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$75,000 |
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$/Unit |
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$ 106.69 |
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$/sf |
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13.64 |
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GRM |
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7.2% |
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CAP |
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Proforma |
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4.6% |
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CAP |
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Actual Before Reserves |
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Property located in the Downtown 2010 Boundaries |
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Property Information |
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$0.65 |
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Avg. Rent |
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Utilities Paid |
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Sub-Market Information |
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96.0% |
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Occ. |
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$0.97 |
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Avg. Rent |
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3,313 |
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Total Units |
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City Market Information |
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95.6% |
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Occ. |
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$0.86 |
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Avg. Rent |
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$56,246 |
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Avg. Sales $/unit |
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79,918 |
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Total Units |
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Property Tour 4/20/2008 1pm RSVP |
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Offer Deadline 5/2/2008 |