• Year Built: 1997
18 Alamosa + 14 Addresses is amulti-family property for lease in Los Lunas, NM.
Rare opportunity to buy from original owner – 15 single family residences in growing submarket of Albuquerque – 7.2% CAP rate
Built in the 1990s - each with three bedrooms, two bathrooms and a two car garage is available for sale as a portfolio of rental units with management team in place.
Located in two subdivisions of Los Lunas, NM and contained with Valencia County, which is forecast to grow by 107% in next 20 years.
In market property manager just negotiated a 20% reduction on property taxes – proforma CAP rate at 8.60%, cash on cash 15.7% at ask price is $1.584M.
Current average rents $914, proforma rents at $1,016 or 11% increase over existing level. Lender quote for financing is available.
Flyer at http://www.nmapartment.com/apt/NMAA-LosLunasPortfolio.pdf
Register for confidential documents and tour at www.nmapartment.com/LL
Todd Clarke CCIM