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Courtesy: Nm Apartment Advisors, Inc.
  • Price:

    • $11,000,000

  • Listing #:
    • 874575
  • Class:
    • Multi-Residential
  • Status:
    • Pending
  • Type:
    • 9 Or More Units
  • Apx. SqFt:
    • 65,535
  • # of Acres:
    • 2.31
  • Lot Size:
    • 100,624
  • Year Built:
    • 1980
  • Subdivision:
    • Indian Plaza Add
  • City:
  • County:
    • Bernalillo
  • Area:
    • 40 - Unm
  • State:
    • NM
  • Zip:
    • 87106

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Description

Well located next to Wholefoods store, one freeway exit from Downtown or Uptown, just north of the UNM legal and medical campus, this low density, 140 unit, completed renovated apartment community offers its residents an ''A'' infill location with 9 different floorplans.Assumable Fannie Mae Financing at 67% loan to value offers an astute investor a before Tax IRR of 18.4%, and after Tax IRR of 14.0%.Property also includes an additional 1.4 acres of land that could be used for future apartment development - see listing agent for more details.Recently renovated, and priced well below replacement cost. Upside potential in adding Wi-Fi, and moving rents up 13% to submarket average.Amenities include: 1 and 2 story town home units, fire places, 2 swimming pools, updated clubhous
  • Units
    • Owner Occupant Unit:
      • - Yes
    • Total # Of Buildings:
      • - 12
    • # Of Units:
      • - 140.00
    • Unit Summary: Total Units:
      • - 140
    • # Of Unit Types (1): # Of Units:
      • - 12
    • # Of Unit Types (1): Approx. Sqft:
      • - 380
    • # Of Unit Types (1): # Baths:
      • - 1.00
    • # Of Unit Types (1): Market Rent:
      • - 556
    • # Of Unit Types (1): Actual Rent:
      • - $499.00
    • # Of Unit Types (1): Max Rent:
      • - 551
    • # Of Unit Types (2): # Of Units:
      • - 41
    • # Of Unit Types (2): Approx. Sqft:
      • - 530
    • # Of Unit Types (2): # Of Bedrooms:
      • - 1
    • # Of Unit Types (2): # Baths:
      • - 1.00
    • # Of Unit Types (2): Market Rent:
      • - 689
    • # Of Unit Types (2): Actual Rent:
      • - 605
    • # Of Unit Types (2): Max Rent:
      • - 670
    • # Of Unit Types (3): # Of Units:
      • - 4
    • # Of Unit Types (3): Approx. Sqft:
      • - 640
    • # Of Unit Types (3): # Of Bedrooms:
      • - 1
    • # Of Unit Types (3): # Baths:
      • - 1.00
    • # Of Unit Types (3): Market Rent:
      • - $689.00
    • # Of Unit Types (3): Actual Rent:
      • - 678
    • # Of Unit Types (3): Max Rent:
      • - 720
    • # Of Unit Types (4): # Of Units:
      • - 11
    • Average Sqft:
      • - 860
    • # Of Unit Types (4): # Of Bedrooms:
      • - 2
    • # Of Unit Types (4): # Baths:
      • - 1.00
    • # Of Unit Types (4): Market Rent:
      • - $751.00
    • Average Actual Rent:
      • - 725
    • # Of Unit Types (4): Max Rent:
      • - $821.00
    • # Of Unit Types (5): # Of Units:
      • - 30
    • # Of Unit Types (5): Approx. Sqft:
      • - 1053
    • # Of Unit Types (5): # Of Bedrooms:
      • - 2
    • # Of Unit Types (5): # Baths:
      • - 2.00
    • # Of Unit Types (5): Market Rent:
      • - $881.00
    • # Of Unit Types (5): Actual Rent:
      • - $800.00
    • # Of Unit Types (5): Max Rent:
      • - $922.00
    • # Of Unit Types (6): # Of Units:
      • - 16
    • # Of Unit Types (6): Approx. Sqft:
      • - 946
    • # Of Unit Types (6): # Of Bedrooms:
      • - 2
    • # Of Unit Types (6): # Baths:
      • - 1.00
    • # Of Unit Types (6): Market Rent:
      • - $1,018.00
    • # Of Unit Types (6): Actual Rent:
      • - $819.00
    • # Of Unit Types (6): Max Rent:
      • - $916.00
    • # Of Unit Types (7): # Of Units:
      • - 13
    • # Of Unit Types (7): Approx. Sqft:
      • - 1015
    • # Of Unit Types (7): # Of Bedrooms:
      • - 2
    • # Of Unit Types (7): # Baths:
      • - 2.00
    • # Of Unit Types (7): Market Rent:
      • - 1018
    • # Of Unit Types (7): Actual Rent:
      • - $745.00
    • # Of Unit Types (7): Max Rent:
      • - $906.00
    • # Of Unit Types (8): # Of Units:
      • - 13
    • # Of Unit Types (8): Approx. Sqft:
      • - 1054
    • # Of Unit Types (8): # Of Bedrooms:
      • - 2
    • # Of Unit Types (8): # Baths:
      • - 2.00
    • # Of Unit Types (8): Market Rent:
      • - 1018
    • # Of Unit Types (8): Actual Rent:
      • - 832
    • # Of Unit Types (8): Max Rent:
      • - 948
  • Construction
    • Age:
      • - 31 - 40
    • Number Of Stories:
      • - 2
    • Stories:
      • - 2.0
    • Details:
      • - Frame
    • Details:
      • - Stucco
    • Builder:
      • - Unknown
    • Flooring:
      • - Other - See Remarks
    • Basement:
      • - No
    • Disability Access:
      • - Unknown
    • Lbp Disclosure:
      • - No
  • Lot
    • Multiple Lots:
      • - Four
    • Details:
      • - Su-1
  • Rent
    • Tenant Pays:
      • - Other - See Remarks
    • Rental Info:
      • - Other - See Remarks
    • Unit Summary: Annualized:
      • - 1189020.00
    • Unit Summary: Average Unit Size:
      • - 799.52
    • Unit Summary: Average Actual Rent:
      • - 707.75
    • Unit Summary: Total Actual Rent:
      • - 99085.00
    • Owner Pays:
      • - Other - See Remarks
  • Utilities
    • Utilities:
      • - All City
    • Heating:
      • - Gas
    • Cooling:
      • - Evaporative
  • Income & Expenses
    • Approx. Taxes:
      • - 14817.50
    • Tax Exemption:
      • - No
  • Miscellaneous
    • Details:
      • - Clubhouse
      • - Laundry Equip Leased
      • - Owners Unit
      • - Swimming Pool
    • Appliances Included:
      • - Dishwasher
      • - Refrigerator
    • Days On Market:
      • - 153
    • Finance Considered:
      • - Conventional

For more information on this listing, please contact...