652 Vancouver Road SE

Rare, Renovated fourplex in Rio Rancho – $595,000 – 5.90% cap rate

On behalf of the owners, NM Apartment Advisors and Deacon Property Services are excited to introduce a rare opportunity to own an updated 4-plex in a semi-rural setting with city conveniences right at your fingertips.

652 Vancouver SE sits at the end of a very quiet cul-de-sac and backs up to Rio Rancho open space. These nicely apportioned units were recently fully renovated with quality contemporary fixtures and finishes.  Apartments include washer/dryer hookups and offer residents private yard spaces with unobstructed high desert mesa views from their private patios.

Located in a growing area of Rio Rancho, close to great amenities and expanding employers, these rentals are well positioned for that owner occupant or investor who wants to take advantage of the coming rent increases from the continued expansion of Amazon, Netflix, Facebook, and Intel.

The property contains two bedroom, one bath apartment homes, with wonderful single story floorplans and private yard areas as well as separate west facing storage rooms.

20 page flyer at http://www.nmapartment.com/apt/NMAA-Vanc652RR.pdf

With a virtual tour of the unit at http://www.nmapartment.com/vancouver3d

Measures of investment performance at ask price of $595,000 with a current average rent of $1,163 are a GRM of 10.66, a 5.90% cap rate before reserves, 5.75% cap rate after reserves, 11.80% after tax IRR, $148,750 per unit, and a price per sf of $220.37.

Qualified investors can register for additional confidential information at http://www.nmapartment.com/vancouver652

Did you know that Rio Rancho has an unmet rental housing demand of 5,742 units? And that is before the additional 750 Intel jobs that are slated to be added this coming year.

Rio Rancho fourplex investments are hard to find – do not wait on this one!

Thanks,

Todd Clarke CCIM CIPs

CEO

NM Apartment Advisors Inc.

(505) 440-TODD

And

Kyle Deacon
Deacon Property Services

(505) 878-0100

[email protected]