CITY ABQ GIS - Property Info...0.283 acres Avg Unit Size: 424 sq ft UPC #: 1-011-057-129285-32529...
Transcript of CITY ABQ GIS - Property Info...0.283 acres Avg Unit Size: 424 sq ft UPC #: 1-011-057-129285-32529...
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FOR SALE6116 Central Ave SWAlbuquerque, NM 87105
OFFERED AT
$492,172
PROPERTY OVERVIEW
# of Units: 11Size: 4,664 Sq FtLand Size: 0.283 acresPrice: $492,172Location: West SideCap Rate: 7.75%Cash on Cash: 9.98%After Tax IRR: 21.90%
11 Units on Historic Route 66 - Value Add
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THE
OFFE
RING
Ad
dre
ss: 6
116
Ce
ntra
l Ave
SW
Nu
mb
er
of
Un
its:
11
Year
Bu
ilt: 1
950
pe
r co
unt
y as
sess
or’s
r
eco
rds
Bld
g S
ize
: 4,6
64
sq f
t ap
pro
x.
Sit
e S
ize
: 0.2
83
acre
s
Avg
Un
it S
ize
: 424
sq
ft
UP
C #
: 1-0
11-0
57-1
2928
5-32
529
Leg
al: G
rant
D3,
75’
of
200
’ of T
ract
7
1, A
tris
co L
and
Gra
nt
Ask
Pri
ce: $
492,
172
$/
Un
it: $
44,7
43
$/
Sq
Ft:
$10
5.53
Avg
Re
nt:
GR
M:
Cap
Rat
e
Aft
er
Re
serv
es:
Year
1 N
OI:
Cas
hO
nC
ash
:
Be
fore
Tax
IRR
:
Aft
er T
ax IR
R:
Act
ual
/E
st
(2
019
)
Pro
form
a
$55
7
7.0
6
6.5
2%
$32
,10
9
6.5
6%
20%
16%
$71
0
6.5
2
7.13
%
$35
,149
9.0
3%
THE PROPERTY
T&
C M
anag
em
ent
is e
xcite
d to
brin
g to
mar
ket
this
11
un
it, v
alu
e a
dd
o
pp
ort
un
ity lo
cate
d o
n h
isto
ric R
ou
te 6
6. I
n a
n a
rea
that
is u
nd
erg
oin
g
mas
sive
re
dev
elo
pm
ent
.
Loca
ted
we
st o
f d
ownt
own
Alb
uq
ue
rqu
e, t
his
we
st C
ent
ral B
lvd
are
a is
un
de
r n
ew d
eve
lop
me
nt f
rom
th
e $
130
,00
0,0
00
Alb
uq
ue
rqu
e R
apid
T
ran
sit
(AR
T) t
o t
he
Ro
ute
66
Vis
itors
Ce
nte
r with
an
ab
un
dan
ce o
f n
ew
reta
il an
d r
est
aura
nts
alo
ng
th
e c
orr
ido
r.
Th
is c
lass
ic a
uto
-co
urt
mo
tel s
tyle
bu
ildin
g is
in t
he
pro
cess
of
be
ing
re
nov
ate
d w
ith n
ew w
ind
ows,
lig
htin
g, fl
oo
ring
an
d in
terio
r u
pg
rad
es.
T
he
re
cent
ly r
em
od
ele
d u
nits
will
be
mu
ch n
ice
dr
and
like
ly to
cap
ture
h
igh
er
rent
s. T
he
cu
rre
nt o
wn
er
has
sp
ent
$
150
,00
0 r
em
od
elin
g t
he
pro
pe
rty
sin
ce p
urc
has
e in
20
18, i
ncl
ud
ing
th
e
up
gra
de
s in
th
e H
VA
C, e
lect
rical
, plu
mb
ing
, ro
of,
and
stu
cco
.
-
OW
NE
RS
HIP
DA
TA F
RO
M B
ER
NA
LIL
LO C
OU
NT
Y A
SS
ES
SO
R(C
ou
nty
Ass
ess
or’s
dat
a fo
r ta
x ye
ar 2
018
)
CITY
ABQ
GIS
- Pr
oper
ty In
fo
CIT
Y Z
ON
ING
& S
ER
VIC
ES
PO
LIT
ICA
L D
IST
RIC
TS
Ow
ne
r N
ame
: CE
NT
RA
L S
W L
LC
Ow
ne
r Ad
dre
ss: 3
0 V
ista
Lar
ga
Pl N
E R
io R
anch
o N
M 8
7124
UP
C: 1
011
057
129
2853
2529
Tax
Year
: 20
18 T
ax D
istr
ict:
A1A
Leg
al D
esc
rip
tio
n: A
TR
ISC
O G
RA
NT
TR
OF
LA
ND
IN T
HE
AT
RIS
CO
GR
T D
3 A
KA
TH
EE
75F
T O
F T
HE
N 2
00
FT
OF
TR
71 T
OW
N O
F A
TR
ISC
O
GR
AN
T U
NIT
6C
ON
T .2
835
AC
Pro
pe
rty
Cla
ss: R
Do
cum
en
t N
um
be
r: 2
017
110
717
1117
17 S
W -
EN
Acr
es:
0.2
8
IDO
Zo
ne
Dis
tric
t: M
X-M
IDO
Dis
tric
t D
efin
itio
n: M
od
era
te In
ten
sity
Old
Zo
nin
g D
esi
gn
atio
n: C
-2
Lan
d U
se: 0
4 /
Co
mm
erc
ial S
erv
ice
s
Lot:
71
ELY
Po
rtio
n o
f B
lock
: 00
00
Su
bd
ivis
ion
: Tow
n o
f Atr
isco
Gra
nt U
nit
6
Po
lice
Be
at: 1
16 A
rea
Co
mm
and
: SW
Ju
risd
icti
on
: Alb
uq
ue
rqu
e
Zo
ne
Atl
as P
age
: K11
Cit
y N
eig
hb
orh
oo
d A
sso
scia
tio
n: A
lam
osa
NA
Re
sid
en
tial
Tra
sh P
icku
p: T
hu
rsd
ay
Cit
y C
ou
nci
l Dis
tric
t: 3
- K
laris
sa P
en
a
Co
un
ty C
om
mis
sio
n D
istr
ict:
2 -
Ste
ven
Mic
hae
l Qu
eza
da
NM
Ho
use
of
Re
pre
sen
tati
ves:
Mig
ue
l P. G
arci
a
NM
Se
nat
e: J
aco
b C
and
ela
ria
SH
CO
OL
DIS
TR
ICT
S
Ele
me
nta
ry: A
LA
MO
SA
Mid
dle
: TR
UM
AN
Hig
h S
cho
ol:
WE
ST
ME
SA
FEM
A: F
loo
d Z
on
e: X
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REAL ESTATE INVESTMENT ANALYSISPREPARED BY: Chuck Sheldon, CCIM, CPM, Broker
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MULTI FAMILY INVESTMENT ANALYSISPREPARED BY: Chuck Sheldon, CCIM, CPM, Broker
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5 ye
ar c
ashfl
ow p
roje
ctio
nP
RE
PA
RE
D B
Y: C
hu
ck S
he
ldo
n, C
CIM
, CP
M, B
roke
r
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SUM
MAR
Y OF
REN
T ROL
L
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PROP
ERTY
PHO
TOGR
APHS
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PROP
ERTY
PHO
TOGR
APHS
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PROP
ERTY
PHO
TOGR
APHS
- UN
IT 5
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loca
tion
69 W A L K
S C O
R E
So
me
wh
at W
alka
ble
So
me
err
and
s ca
n b
e a
cco
m-
plis
he
d b
y fo
ot.
41t r
a n
s i t
S C O
R E
So
me
Tra
nsi
tA
few
ne
arb
y p
ub
lic t
ran
spo
r-ta
tion
op
tion
s av
aila
ble
.
60 b i k e
S C O
R E
Bik
eab
leF
lat
as a
pan
cake
; go
od
bik
e
lan
es.
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the market - albuquerque, nm
While the majority of the country recognizes Albuquerque as the city where Breaking Bad (award winning show)
and Sicario (ft. Emily Blunt) were filmed, it has become a hot spot for hungry investors to buy in.
With neither a boom or bust mentality, Albuquerque has a strong record of rent increases and a lack of new
product. This results in high barriers to entry for competing apartments making multifamily investment a solid
choice.
Thanks to major employers like Sandia National Laboritories and Intel, Albuquerque is home to more PhDs per
capita than any other city in North America.
Albuquerque has a fantastic quality of living, offering over 147 miles of hiking and biking trails inside the city as
well as mile high Sandia Mountains. It also houses North America’s largest cottonwood forest. Furthermore,
Albuquerque is known for its 300+ days of sunshine, skiing and golf in the same day, stunning sunsets, and an
abundance of outdoor activities. It is a plethora of amenities for most apartment residents.
ALBUQUERQUE, NM IN THE NEWS:
1. 9th Best Mid-Sized City of the Future Foreign Direct Investment Magazine 2. 6th Best City to Drive to for Food Snobs3. America’s Best City for Global Trade Global Trade Magazine - 11/20144. 3rd Best City for Rent Growth ABQ Journal - 10/20135. One of the 10 Best Park Systems in the Nation Trust for Public Land - 20126. 3rd Most Fit City Men’s Fitness Magazine - 20127. 3rd Best City to Make Movies Moviemaker.com - 06/20128. Top 25 Best Places to Retire CNNmoney.com - 09/20119. 17th Best Bike Friendly City Bicycling Magazine - 201710. Top 10 for Being a Healthy Community Outside Magazine - 201611. AAA Rates ABQ 2nd in Vacation Affordability American Automobile Association - 201212. UNM Anderson School Ranked in Global 100 Aspen Institue - 2010
13. Forbes Ranks ABQ 8 in Best Cities for Jobs Forbes Magazine - 2010 14. ABQ Named in 50 Best Adventure Towns National Geographic Magazine 15. ABQ Ranked #2 in Arts Destination 16. 3rd Smartest City to Live In Kiplinger’s Personal Finance - 201317. Bizjournals Survery Ranks Albuquerque 18th for Jobs Bizjournals - 201118. Top 10 Places to Live US News & World Report - 2012
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MUL
TIFA
MILY
INVE
STM
ENT
SALE
S PRO
CESS
AND
THOU
GHTS
SH
OW
ING
S /
TO
UR
SR
esi
de
nts
hav
e r
ight
s u
nd
er
the
NM
Lan
dlo
rd R
esi
de
nt R
ela
tion
s A
ct a
nd
Lan
dlo
rds
take
th
at la
w s
erio
usl
y.
Man
y L
and
lord
s co
nsi
de
r th
eir
resi
de
nts
to b
e t
he
ir cu
sto
me
rs. T
hey
wo
rk
har
d to
ke
ep
th
em
hap
py.
Any
att
em
pt
by
a 3r
d p
arty
to v
isit
the
pro
pe
rty
with
ou
t th
e L
and
lord
’s p
rior w
ritte
n a
pp
rova
l (o
nly
giv
en
aft
er
rece
ivin
g a
writ
ten
lett
er
of
inte
nt) j
eo
par
diz
es
the
Lan
dlo
rd’s
an
d r
esi
de
nt’s
cu
sto
me
r
rela
tion
ship
.
DO
NO
T D
IST
UR
B T
HE
RE
SID
EN
TS
/W
AL
K T
HE
PR
OP
ER
TY
It is
dis
cou
rag
ed
to d
o e
ithe
r an
d s
elle
rs w
ill o
fte
n r
efu
se to
wo
rk w
ith b
uy-
ers
to w
ill n
ot
resp
ect
th
is.
We
as
selle
rs, d
o R
EQ
UIR
E a
sig
ne
d le
tte
r o
f in
tent
be
fore
eve
n s
ett
ing
an
app
oin
tme
nt to
sh
ow t
he
pro
pe
rty
to a
po
tent
ial b
uye
r.
If a
bu
yer
is n
ot
read
y to
pro
vid
e s
uch
a le
tte
r, ex
ten
sive
pic
ture
s h
ave
be
en
pro
vid
ed
in t
his
flye
r an
d in
th
e li
stin
g o
nlin
e to
ge
t a
go
od
vie
w o
f th
e p
rop
-
ert
y.
OFF
ER
SC
om
me
rcia
l tra
nsa
ctio
ns
star
t o
ff w
ith a
n L
OI,
wh
ich
allo
ws
bo
th p
artie
s to
dis
cuss
th
e g
en
era
litie
s o
f th
e d
eal
. Th
e L
OI s
ho
uld
incl
ud
e p
rice
, clo
sin
g
dat
e, c
ont
ing
en
cie
s, a
nd
wh
o p
ays
clo
sin
g c
ost
s. O
nce
co
mm
on
gro
un
d is
fou
nd
be
twe
en
all
par
ties,
a p
urc
has
e/s
ale
ag
ree
me
nt w
ill b
e w
ritte
n.
Th
e c
urr
ent
20
20 a
ctiv
ity le
vel f
rom
inve
sto
rs in
tere
st in
th
e m
arke
tpla
ce
is 1
0x
hig
he
r th
an in
20
16. T
he
NM
mar
ket
has
re
ceiv
ed
an
infl
ux
of
ou
t-o
f-
stat
e in
vest
ors
.
As
exp
ert
s fo
r ov
er
40 y
ear
s in
th
e N
M r
eal
ty &
pro
pe
rty
man
age
me
nt m
ar-
ket,
we
op
era
te o
n a
me
rit b
ase
d n
eg
otia
tion
sys
tem
. Bu
yers
sh
ou
ld a
lso
be
pre
par
ed
to s
how
pro
of
of
fun
din
g, d
own
-pay
me
nt, o
r p
req
ual
lett
er
fro
m a
qu
alifi
ed
len
de
r.
poin
t of c
onta
ct
CE
O/
Qu
alify
ing
Bro
ker
lice
nse
d in
19
99
. L
ice
nse
#77
267.
Ch
uck
has
be
en
man
agin
g
pro
pe
rtie
s fo
r m
ore
th
an 4
0 y
ear
s in
th
e A
lbu
-q
ue
rqu
e a
rea.
Ch
uck
Sh
eld
on
is p
rese
ntly
th
e
CE
O a
nd
Pre
sid
ent
of
the
Sh
eld
on
Co
mp
any,
T
&C
Man
age
me
nt, a
nd
En
chan
ted
Pro
pe
rtie
s C
on
stru
ctio
n C
om
pan
y, o
wn
er
of
ove
r 8
50
apar
tme
nt u
nits
. He
was
th
e P
resi
de
nt o
f th
e
Ap
artm
ent
Ass
oci
atio
n o
f N
ew M
exic
o f
rom
20
13-2
017
an
d is
a G
ove
rnm
ent
Aff
airs
Ch
air
for
IRE
M, A
AN
M B
oar
d M
em
be
r, an
d N
atio
nal
B
oar
d M
em
be
r o
n G
ove
rnm
ent
Aff
airs
Co
m-
mitt
ee
of
the
Nat
ion
al A
par
tme
nt A
sso
ciat
ion
(N
AA
).
Ce
ll: (
505)
350
- 4
110
Offi
ce: (
505)
26
8 -
118
1E
mai
l: cs
he
ldo
n@
tan
dcm
anag
em
ent
.co
m
170
1 M
oo
n S
t N
E A
lbu
qu
erq
ue
, NM
871
12