715 Fruit NW, Albuquerque, NM 87102

RE: Cute as a button with white picket fencing, well located fourplex, walking distance to the downtown core and biking distance to Old Town Plaza

On behalf of the owners, NM Apartment Advisors and Maestas Real Estate Services are pleased to present this charming downtown fourplex.

Cute as a button with white picket fencing, well located fourplex, walking distance to the downtown core and biking distance to Old Town Plaza

Tucked behind a classic white picket fence, this unique fourplex offers charm and character in a prime location just minutes from the energy of Downtown and Old Town Albuquerque.

The unit mix consists of (1) studio unit, (2) 1BR / 1BA units, and a larger main residence with one 2BR / 1BA unit.Alley and on street parking is available to the residents. The property includes a separate laundry room, high speed internet and camera system. Each unit has stunning hardwood floors and the front units have vaulted ceilings.

With an average rent of $981, metrics of investment performance at the ask price of $555,555 include a GRM of 11.80, a cap rate of 5.40%, a price per sf of $208.86, a price per unit of $138,889 with an after-tax IRR of 10.51%.

If rents are raised to market rents of $1,295, the potential cap rate increases to 7.64%.

24 page marketing flyer can be downloaded at http://www.nmapartment.com/apt/NMAA-Fruit715NW.pdf

Virtual tours of each unit are available at:

Main house - http://www.nmapartment.com/715fruit3d2

Side unit - http://www.nmapartment.com/715fruithalf

Unit A -http://www.nmapartment.com/fruit715a3d

Unit B -http://www.nmapartment.com/fruitb7153d

Qualified buyers can access the Seller compensation to Buyer by email [email protected] with NMAA-2570715 in the subject line and the confidential document center by completing the online confidentiality agreement at http://www.nmapartment.com/715fruit

Disclosure: co-listing broker, Todd Clarke, has an ownership interest in the property.

Do not miss out on this opportunity to be an owner occupant or investor in a market with strong job growth and a housing shortage from all of the new Netflix, Facebook/Meta, Amazon, Intel and other jobs.

Thanks,

Todd Clarke CCIM CIPs

CEO

NM Apartment Advisors Inc.

(505) 440-TODD

and

Anita Maestas

Owner & Qualifying Broker

Maestas Real Estate Services, Inc.

www.maestasrealty.com

505.463.3565