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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REAL ESTATE INVESTMENT ANALYSISPREPARED BY: Chuck Sheldon, CCIM, CPM, Broker

MULTI FAMILY INVESTMENT ANALYSISPREPARED BY: Chuck Sheldon, CCIM, CPM, Broker

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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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