For Sale. QUALITY NORTHEAST HEIGHTS APARTMENT Completely Remodeled 4-Plex Investment. Steve Kraemer, CCIM

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1 NEC Haines Ave. & Zena Lona St. NE For Sale Sale Price $369,000 CAP rate: 6.44% IRR: 17.85% Available Units: 4 Average Size: ±829 SF Type of units: 2 bedroom, 1 bathroom Property Overview On behalf of the owner, NAI Maestas and Ward is please to present this opportunity to own a meticulously remodeled 4-unit apartment complex in the northeast quadrant of Albuquerque, NM. The property boasts many recent updates, including new windows, ovens, microwaves, washers, dryers, as well as new flooring throughout. The roof, parking lot and stucco were redone within the last 5 years. Each unit is approximately 829 square feet and boasts a fireplace and ceiling fans in the living room and bedroom. Each unit has access to a single car garage. The property is situated near schools, parks, grocery and retail stores. The area has historically low vacancy, and the property s updates and quiet setting provide tenants with a pleasant rental experience Jefferson NE Suite 200 Albuquerque, NM gotspaceusa.com

2 QUALITY NORTHEAST HEIGHTS APARTMENT Matheson LOCATION Lynnewood Ross Enchanted Menaul Blvd. Tramway Blvd. Onate Elementary School Indian School Rd. Jackson Middle School SIT Performing Arts Academy Zena Lona St. Haines Ave. Juan Tabo Blvd. Collet Zena Lona St. SIT E E Hinkle Family Fun Center Chelwood Constitution Ave. Jeanne Bellamah Summer Hills Bianchetti McCollum Lomas Blvd. Manzano High School ABQ School of Excellence Chelwood

3 PROPERTY DETAILS Sale Price $369,000 CAP Rate 6.44% Number of Units 4 Type of Units Lot Size Building Size Zoning Construction Amenities Neighborhood Property Details 4-2-bed/1-bath units ±0.19 acres ±3,354 SF R-ML, Multi-family Low Density Frame/Stucco New windows, ovens, microwaves, washers, dryers, as well as new flooring throughout. The roof, parking lot and stucco were redone within the last 5 years. Each unit is ±829 square feet and boasts a fireplace and ceiling fans in the living room and bedroom. Each unit has access to a single car garage. The property is situated near schools, parks, grocery and retail stores. The area has historically low vacancy, and the property s updates and quiet setting provide tenants with a pleasant rental experience Demographics 1 mile 3 mile 5 mile Total Residential Population 18, , ,843 Average HH Income $58,320 $63,885 $67,141 Daytime Employment 3,749 36, , Forecasted by Esri MINI-APOD (Pro Forma) CURRENT MARKET Rent $34,800 $38,400 Vacancy (5%) ($1,740) ($1,920) Effective Gross Rent $33,060 $36,480 Annual Operating Expenses Property Taxes ($3,389) ($3,389) Building Insurance ($1,375) ($1,375) Utilities ($2,058) ($2,058) Maintenance ($1,900) ($1,900) Pest Control ($340) ($340) Management ($3,306) ($3,648) TOTAL OPERATING EXPENSES $12,368 $12,710 NET OPERATING INCOME $20,692 $23,770 98th St. d. Bridge Blvd. Coors Blvd Rio Grande Blvd. 4th St Osuna Rd. Montaño Rd Unser Blvd. Central Ave. Blvd. 2nd St. 2nd St. Montgomery Blvd. Menaul Blvd. Gibson Blvd. Louisiana Blvd. San Mateo Blvd. Academy Rd. Eubank Blvd. Wyoming Blvd. Juan Tabo Blvd. Indian School Rd. 40 Central Ave. Lomas Blvd. Tramway Blvd. SITE

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