8600 Zuni SE, Albuquerque, NM 87108

Subject: 25 units – potential cap rate of 11.1%

Good morning!

On behalf of the Owner, NM Apartment Advisors Inc. and Deacon Property Services are pleased to present this opportunity to own a properly updated, quality 25 Unit Apartment Community in the heart of the International District.

Located at 8600 Zuni SE, this unique community features twenty-four 1 bedroom / 1 bath Apartments and one 2 bedroom / 1 bath apartment. All apartments have been updated with care for tenant comfort and respect for the property's original vintage charm. In 2024, 22 of 25 units the owner was paying utilities as today that is down to 9.

Residents enjoy a soft-gated community entry and parking right in front of their apartments. They also love the pragmatic floor plans, including open kitchens with lots of counter space, inviting bar tops, and a mix of contemporary and well-preserved mid-century modern tilework and fixtures. Over-sized full bathrooms boast expansive mid-century modern built-ins and tile work - including nearly 10 feet of counter, vanity space, and built-ins.

Recent apartment upgrades include thermal windows, updated fixtures, fresh paint, and quality Luxury Vinyl Plank flooring throughout. Recent community updates include a large and accommodating community laundry room (with free machines for residents) and multiple quality, secured communal outdoor spaces - including a new Dog Run.

Convenient SE Location at Zuni and Wyoming gives residents easy access to shopping, public transit, Kirtland Air Force Base, and Sandia Labs.

Measure of investment performance at the current ask price of $1,793,434 and with average rents of $742, include a low price per unit of $71,737, a price per square foot of $113, a GRM of 8.05, a cap rate of 6.75%, and a IRR after tax of 15.1%.

If rents are raised closer to market a $1,062 the measures of investment performance improve to a 11.1% cap rate.

30 page flyer with rents, expenses, floorplans, survey, photos and virtual tour can be found at

http://www.nmapartment.com/apt/NMAA-Zuni8600SE.pdf

The virtual tour can be viewed at http://www.nmapartment.com/zuni3d

Qualified buyers/investors can register for additional confidential information at http://www.nmapartment.com/zuni8600

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 #2590600 in the subject line.

Do not miss out on this high rate of return investment offering!

Thanks,

Todd Clarke CCIM CIPs

CEO

NM Apartment Advisors Inc.

(505) 440-TODD

And

Kyle Deacon

Deacon Property Services

(505) 878-0100