510 Mesilla St SE

Recently renovated fourplex – 6.45% cap rate

On behalf of the owners, NM Apartment Advisors is excited to bring to market this opportunity to purchase this potential owner occupant, courtyard style fourplex with two bedroom, one bathroom units.

The prior owner remodeled the property with a new roof, new windows, synthetic stucco, hard surface flooring, new lighting, new vanities, washers/dryers new evaporative coolers updated electrical, wrought iron security fence, new toilets as well as replacing some of the hot water heaters and furnaces.

This 4-plex is located in an area of that has had major announcements of new employment.  Couple that with the impact of the citywide expansion of Netflix, Facebook, Intel and Amazon and this property is well positioned to enjoy the forthcoming wave of appreciation and rent growth.

14 page flyer at http://www.nmapartment.com/apt/NMAA-mesilla510se.pdf

Measures of investment performance at ask price of $449,114 and current average rent of $890 are a GRM of 10.52, a 6.45% cap rate, $112,279 per unit, $149.70/sf.

The owner has authorized us to hold a unit vacant for your owner occupant client (untill the end of March) – virtual tour of that unit at http://www.nmapartment.com/mesillaUnitC3d

Do not wait, owner occupant fourplexes in this price range are few and far between!

Thanks,

Todd Clarke CCIM CIPs

CEO

NM Apartment Advisors Inc.

(505) 440-TODD