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Offering Memorandum

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.

Alvarado park Apartments

UPTOWN—10 unit Apartment Community

1912 Alvarado NE—Albuquerque, New Mexico—87110

FAVORABLE

ASSUMABLE FINANCING

IDEAL FOR

1031 EXCHANGE BUYER

Marketing by:

Kahleetah Clarke

505.480.8885

kclarke@nmapt.com

NM Apartment Advisors Inc.

 

 

 

Executive Summary   

10

 

units

4,000

 

Total SF

400 

sf

Avg. unit Size

$406

 

Avg. Rent

16

 

Parking

 

 

 

Investment Information

$439,000

 

List Price

$43,900

 

$/Unit

$109.75

 

$/sf

9.01

 

GRM

6.5%

 

CAP

Before Reserves 

 

 

 

Property Information

$1.02

 

Avg. Rent

Utilities Paid

 

 

 

Sub-Market Information

95.0%

 

Occ.

$0.88

 

Avg. Rent

3,738

 

Total Units

City Market Information

95.6%

 

Occ.

$0.77

 

Avg. Rent

$56,246

 

Avg. Sales $/unit

79,918

 

Total Units