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Page 1: 123, 125, 129 53rd St NW, ABQ, NM 87105 9 Units in …...123, 125, 129 53rd St NW, ABQ, NM 87105 9 Units in NW near A.R.T The Offering The Property On behalf of the owner, NM Apartment

 

Register for Additional Info: www.nmapartment.com/53rd-9

9 Units in NW near A.R.T

12

3, 1

25, 1

29 5

3rd

St

NW

, AB

Q, N

M 8

7105

 

Page 2: 123, 125, 129 53rd St NW, ABQ, NM 87105 9 Units in …...123, 125, 129 53rd St NW, ABQ, NM 87105 9 Units in NW near A.R.T The Offering The Property On behalf of the owner, NM Apartment

 

The Offering The Property On behalf of the owner, NM Apartment Advisors Inc., is pleased to present this opportunity to acquire a portfolio of nine units in this convenient NW Albuquerque neighborhood, minutes from downtown Albuquerque. Offered for sale for first time by the original Developers family, the Milligan’s, this is a rare opportunity to own part of Albuquerque’s Apartment history—all in one large multifamily compound. The portfolio consists of 2 duplexes, a fourplex and 3 houses and room for some additional units. The property is almost adjacent to Albuquerque’s Famous Golden Pride, close to grocery stores, restaurants, and on the new ART bus route.

Address: 123, 125, 129 53rd St NW

# Units: 9

Ask Price: $575,000

Year of construction:

1942, 1947, 1974, 1992

Bldg. Size : 6,883 sf approx.

Avg. Unit Size: 765 sf

Avg. Rent : $711/mo $0.93/sf

$/ unit : $63,889

$ /sf : $83.54

Actual Proforma

GRM : 7.49 6.97

Cap Rate: 8.4% 9.1%

Cap Rate After Reserves: 8.1% 8.7%

Cash on Cash: 9.4% 12.0%

IRR Before Tax: 24.5%

IRR After Tax: 19.2%

Site Size: 0.88 acres

UPC#: 101105737039211437 101105736640511458

Legal: Tract “B‐1” and “B‐2” Lomita Encantada Subdivision town of Atrisco Land Grant Unit #6

Zoning: R‐ML

Page 3: 123, 125, 129 53rd St NW, ABQ, NM 87105 9 Units in …...123, 125, 129 53rd St NW, ABQ, NM 87105 9 Units in NW near A.R.T The Offering The Property On behalf of the owner, NM Apartment

 

Annual Property Operating Data (APOD)

Page 4: 123, 125, 129 53rd St NW, ABQ, NM 87105 9 Units in …...123, 125, 129 53rd St NW, ABQ, NM 87105 9 Units in NW near A.R.T The Offering The Property On behalf of the owner, NM Apartment

 

Internal Rate of Return

As a commercial real estate investor, the federal tax code gives you three advantages com-pared to other investments including: 1. Deduct your annual mortgage interest before you calculate your taxable amount; 2. Deduct your cost recovery/depreciation before you calculate your taxable amount, in the future when you sell the property, you only pay back 25% of the benefit you received; 3. Your long term profit, or capital gain, is taxed at 20% The combination of these benefits could help lower an investor’s effective federal tax rate from 35% federal tax rate to only 22%.

2.

1.

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2.

Page 5: 123, 125, 129 53rd St NW, ABQ, NM 87105 9 Units in …...123, 125, 129 53rd St NW, ABQ, NM 87105 9 Units in NW near A.R.T The Offering The Property On behalf of the owner, NM Apartment

 

Physical / Neighborhood Features

 

Page 6: 123, 125, 129 53rd St NW, ABQ, NM 87105 9 Units in …...123, 125, 129 53rd St NW, ABQ, NM 87105 9 Units in NW near A.R.T The Offering The Property On behalf of the owner, NM Apartment

 

Physical / Neighborhood Features

 

123 53rd - Duplex Unit B - 2BR/1BA Unit C - 2BR/1BA

123 53rd - House Unit A - 3BR/1.75BA

125 53rd Unit A - 1BR/1BA Unit B - 1BR/1BA

125 53rd Unit C - 1BR/1BA Unit D - 1BR/1BA

129 53rd Unit A - House

3BR/1.75BA

129 53rd Unit B - House

1BR/1BA

UPC# 101105736640511458

UPC# 101105737039211437

Page 7: 123, 125, 129 53rd St NW, ABQ, NM 87105 9 Units in …...123, 125, 129 53rd St NW, ABQ, NM 87105 9 Units in NW near A.R.T The Offering The Property On behalf of the owner, NM Apartment

 

Property Photographs ‐ 123 53rd ‐ A ‐House

Page 8: 123, 125, 129 53rd St NW, ABQ, NM 87105 9 Units in …...123, 125, 129 53rd St NW, ABQ, NM 87105 9 Units in NW near A.R.T The Offering The Property On behalf of the owner, NM Apartment

 

Property Photographs ‐ 123 53rd ‐ Duplex ‐ B & C

Page 9: 123, 125, 129 53rd St NW, ABQ, NM 87105 9 Units in …...123, 125, 129 53rd St NW, ABQ, NM 87105 9 Units in NW near A.R.T The Offering The Property On behalf of the owner, NM Apartment

 

Property Photographs ‐ 125 53rd ‐ Fourplex

Page 10: 123, 125, 129 53rd St NW, ABQ, NM 87105 9 Units in …...123, 125, 129 53rd St NW, ABQ, NM 87105 9 Units in NW near A.R.T The Offering The Property On behalf of the owner, NM Apartment

 

Property Photographs ‐ 129 53rd ‐ A ‐ House

Page 11: 123, 125, 129 53rd St NW, ABQ, NM 87105 9 Units in …...123, 125, 129 53rd St NW, ABQ, NM 87105 9 Units in NW near A.R.T The Offering The Property On behalf of the owner, NM Apartment

 

Property Photographs ‐ 129 53rd ‐ B ‐ Rear House

Page 12: 123, 125, 129 53rd St NW, ABQ, NM 87105 9 Units in …...123, 125, 129 53rd St NW, ABQ, NM 87105 9 Units in NW near A.R.T The Offering The Property On behalf of the owner, NM Apartment

 

The subject property is located in a convenient NW neighbor‐hood.

The Location

Coronado / Winrock and ABQ Uptown malls

Page 13: 123, 125, 129 53rd St NW, ABQ, NM 87105 9 Units in …...123, 125, 129 53rd St NW, ABQ, NM 87105 9 Units in NW near A.R.T The Offering The Property On behalf of the owner, NM Apartment

 

The Market—Albuquerque, NM Although the rest of the country might know Albuquerque for its award winning TV Show, Breaking Bad, astute investors are looking at Albuquerque as the place to invest.

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 invest-ment a solid choice.

Thanks to major employers like Sandia National Laboratories and Intel Albuquerque is home to more PhD’s per capita than in any city in North America.

Albuquerque has an exceptional quality of living, offering over 147 miles of hiking and biking trails inside the city as well as mile high Sandia mountains, and North Americas largest cottonwood forest, Albuquerque is known for its 300+ days of sunshine, skiing and golf in the same day, stunning sunsets, and abundance of outdoor activities, Albuquerque is the amenity for most apartment residents.

#1 place where home prices are

likely to rise

Albuquerque, New Mexico in the news

Forbes Ranks Albuquerque #8 in Best Cities for Jobs Forbes, October 2007

UNM Schools Ranked Among Best Hispanic Business- September 2007

Albuquerque Named 25th Among America's Hottest Job Markets Washington Business Journal—Bizjournal September 2007

Albuquerque Named Among the 50 Best Adventure Towns National Geographic Magazine, September 2007

New Mexico Ranked Fifth Nationally for Manufacturing Momentum Business Facilities, June 2007

Albuquerque Ranked #9 Among Cities for Most Educated Workforce Business Facilities- June 2007

New Mexico Ranked #7 for Pro-Business Climate (#1 in the Southwest) Business Facilities, June 2007

Albuquerque Ranked #2 Arts Destination AmericanStyle Magazine, June 2007

Albuquerque Named Among the Top 20 Metros for Nanotech Wilson Center's Project on Emerging Nanotechnologies, May 2007

Albuquerque Named one of the Top 20 Midsize Cities for Doing Business Inc.com, April 2007

Albuquerque Fittest City in the Nation Men's Fitness, March 2007

Albuquerque One of America's 50 Hottest Cities, Expansion Management, February 2007

Albuquerque Named a Top 10 City for Movie Making, MovieMaker Magazine, Winter 2007

Albuquerque Ranked 3rd Smartest City to Live, Kiplinger’s Personal Finance, May 2006

Albuquerque One of the Top Metros in U.S. Overall for Public Schools- Expansion Management, May 2006

Bizjournals Survey Ranks Albuquerque 18th for Jobs, BizJournals, November 2006

Albuquerque Best in Nation for Business and Careers Forbes, May 2006

Forbes Magazine Ranks Albuquerque as 5th Best Metro Overall and Lowest Cost City for Doing Business- Forbes, May 2005

6th best city in US for connecting workers to jobs using Public Transportation Brookings Institute—July 2012

One of the 10 best park systems in the nation Trust for Public Land—2012

3rd most fittest city Men’s Fitness Magazine– 2012

3rd best city to make movies Moviemaker.com– June 2012

Top 25 best places to Retire CNNMoney.com—Sept. 2011

15th best city in Bloomberg’s Business Week (best cities) Bloomberg’s Business Week—2011

#17th best bike friendly city Bicycling Magazine—2010

Top Ten for Being a Healthy Community Outside Magazine—#6—August 2009

One of the Best Cities in the Nation Kiplinger Magazine—#2—July 2009

Top 10 places to Live U.S. News & World Report—June 2009

AAA rates Albuquerque 2nd in vacation affordability American Automobile Association—June 2008

UNM Anderson School Ranked in Global 100 Aspen Institute, October 2007

9th best mid-sized city of the Future Foreign Direct Investment magazine—03/2015

6th best city to travel to for food snobs Travel+Leisure—03/2015

3rd best city for rent growth All Property Management as reported in ABQ Journal—10/2013

America’s best city for Global Trade for Skilled Workforce Global Trade magazine—11/2014

#1 City in SW “20 Game Changers redefining the west” Sunset Magazine—01/2018

Metro Albuquerque rents rise 5% in past year, 12th largest jump across small metros. Real Page - 10/2019

New Mexico #6 in Country for Employment Gains ABQ Journal 10/22/2019

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Page 16: 123, 125, 129 53rd St NW, ABQ, NM 87105 9 Units in …...123, 125, 129 53rd St NW, ABQ, NM 87105 9 Units in NW near A.R.T The Offering The Property On behalf of the owner, NM Apartment

 

Marketing Advisors In the event of multiple offers, BID process will be used ‐ additional information on the sales process can be found at www.nmapartment.com/bidprocess/bidprocess.pdf

The owner and property are represented by Todd Clarke CCIM of NM Apartment Advisors, who has thirty years of experience in market‐ing apartments in the New Mexico area. If there is any information you need on the market, submar‐ket, or the property, please do not hesitate to ask.

Please do NOT walk the property or disturb the residents. Register for additional information at: www.nmapartment.com/53rd-9

Todd Clarke CEO

NM Apartment Advisors Inc.

Lic. #13711

Albuquerque, NM 87102

505‐440‐TODD

[email protected]

www.nmapartment.com

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