220 Dorado Place Southeast, Albuquerque, NM 87123

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Todd C.

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Building Details:

• Year Built: 1980

220 Dorado Place Southeast is amulti-family property for lease in Albuquerque, NM.

Located in Albuquerque's east gateway the property is well positioned at the end of the BRT/ART transportation corridor, the entrance to the east mountain area and near Sandia National Laboratories and Kirtland Air Force Base.

Amazing property and rare opportunity to invest in a value add deal.
- 14.63% cash on cash with new Freddie Mac
- 10 year ownership - eligible for 4% renovation/rehab tax credits
- 3 property portfolio allows for flexible exit strategy
- Acquire well below replacement cost
- Rents are 14% below submarket
- Competing properties are charging for RUBs (subject is not)
- Potential after tax IRR of 24.90%

Don't miss out on this opportunity to invest in Albuquerque's growing multifamily market.

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