6720 Cochiti SE, Albuquerque, NM 87108

RE: 10.41% (actual) cap rate! 10.41% (actual) Cap rate! Adjacent to planned billion-dollar redevelopment of NM State Fair/Expo NM.

Good morning-

On behalf of the Owners, NM Apartment Advisors and Deacon Property Services are excited to bring to market this well value-added opportunity to own a 9-unit community.

6720 Cochiti SE presents a rare opportunity to acquire a nine-unit multifamily property in immediate proximity to Albuquerque’s historic State Fair / EXPO NM. The State of NM, has approved an initial $114M in funding for what could become a “billion dollars” per Governor Lujan Grisham. Although the area appears a bit rough now, the state has indicated they intend to redevelop the NM Fair grounds, located just north of this property with $200M of redevelopment that could include a stadium for NM United, as well housing retail and a complete mixed-use community. The subject property is located about 400 feet due south of the center of the current State Fair grounds.

6720 Cochiti SE contains nine small one bedroom units in three buildings situated on two parcels of land totaling 0.3111 acres of MX-H zoned land. The property is completely self contained and is leased by a local non-profit.

With a start price of $579,000, the property offers a 10.41% cap rate out of the gate and the potential for a 11.72% cap rate in the future. Current average rents are approximately $915 per unit, producing a modest in-place return.

This offering is well suited for investors seeking:

-A value-add repositioning opportunity

-To invest in an area that someone else is spending hundreds of millions of dollars

-To own a property that supports a non-profit mission for affordable housing

-To own a property with a high density zoning in the path of redevelopment, potentially for a much more expansive apartment community

The property is being marketed using the BID process, with a set date and time for property tours and a fixed offer deadline.In the event of multiple offers, the Seller will be inviting only the top 50% of buyers to a best and final round.

21-page flyer at http://www.nmapartment.com/apt/NMAA-Cochiti6720SE.pdf

Buyer’s and Buyer’s brokers can discover the amount of Seller concession to the available to the Buyer by emailing [email protected] with the subject of NMAA-2567720

Timelines:

-Register for the confidential documents and property tour at http://www.nmapartment.com/cochiti6720se

-Attend the in-person property tour at noon on Tuesday, July 21st, 2026 (no other showing times are available, so please do not request one outside this time frame).

- Offer deadline at Noon on Weneday, July 22nd, 2026.

Celebrate your own investment birthday in the same year that Historic Route 66 celebrates it’s centennial, our country its 250^th anniversary, and our city its 320 year history.

Thanks,

Todd Clarke CCIM CIPs

CEO

NM Apartment Advisors Inc.

(505) 440-TODD

And

Kyle Deacon

Qualifying Broker

Deacon Property Services

(505) 878-0100