1809 Girard SE, Albuquerque, NM 87106

Subject: South Campus/UNM Area Fourplex – golf course views- large units ideal for owner occupant

Good morning!

On behalf of the owners, NM Apartment Advisors and Deacon Property Services are excited to bring this quality South UNM Campus / Sunport area fourplex to market. Located across the street from the Puerta del Sol Golf Course, the property has stunning mountain views over the golf course.

1809 Girard SE offers a fantastic opportunity to capitalize on this very well-positioned 4- plex. Beyond its proximity to UNM, CNM, Presbyterian Hospital, Kirtland Air Force Base, and I-25, this 4 unit community Development is across the street from the future site of the Aviation Center for Excellence, it's less than ½ a mile from the burgeoning Max Q Development, and it's just 2 miles east of the just announced Lobo Crossing Retail Development with an announced Target store and Albuquerque’s first In-n-out Burger location

Any savvy investor knows they are three magic numbers for Albuquerque: 100, 320 and 24,343. Albuquerque has been home to the historic mother road, Route 66, for 100 years of its 320 year history, and its currently undergoing a housing shortage of 24,343 units.

The property is nestled at the back of the lot providing both significant buffering from Girard and optimum balcony views of the golf course for the second story apartments. With 4 modernized, well-apportioned 2 Bedroom / 1 bathroom apartments and 4 detached storage units, the property presents a unique opportunity for a conventional investor looking for a solid asset with easy upside potential or an ideal chance for a house

hacker interested in living in one of the units.

All apartments are separately metered for gas and electric and offer enclosed private patios or balconies. Apartments have been updated as they've come available over the last few years. A new roof was put on the building in 2025. A full renovation was also just completed on Unit D, which has been left vacant and available for potential owner occupant investors as well as for showings with pre-approved buyers.

Enjoy the fruits of all the exciting development and growth happening on Albuquerque's South Side or expedite your appreciation by grabbing simple and easy low hanging value, including: an unused common laundry room ready for renovation and inherent additional income, easy pathways for creating large backyards on the two ground floor units, and 4 separate, detached storage units that are currently vacant and can be rented to tenants or the public.

Metrics of investment performance at the ask price of $547,931 include a price per sf of $177, a price per unit of $136,983, GRM of 11.07, a cap rate after reserves of 6.35% and an after tax IRR of 12.50%.

22 page flyer with rents, expenses, floorplans, survey, photos and virtual tour can be found at http://www.nmapartment.com/apt/NMAA-Girard1809SE.pdf

Qualified buyers/investors can register for additional confidential information at http://www.nmapartment.com/girard1809se

Buyers and Buyer’s broker can discover the Sellers concession to the Buyer that is offered for this property by email [email protected] with listing # 2571809 in the subject line.

Do not miss out on owning a close to campus gem like this fourplex!

Thanks,

Todd Clarke CCIM CIPs

CEO

NM Apartment Advisors Inc.

(505) 440-TODD

And

Kyle Deacon

Deacon Property Services

(505) 878-0100