13100-13160 Wenonah Ave SE, Albuquerque, NM 87123

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Building Details:

• Year Built: 1978

13100-13160 Wenonah Ave SE is located in Albuquerque, NM.

The Village at Four Hills is a 120 unit apartment portfolio located in along a mixed use corridor and at the entrance of Four Hills.

Offered for sale with an ask price of $4,850,000 which is a 8.9% Cap rate on current rent roll annualized and EOY 2011 expenses and is less than one half of replacement cost at $54/sf or $40,417/unit.

Top reasons to bring your buyer:
-The market is strong at 95% occupancy and in its 3rd year of double digit rent growth
-The property’s best amenities are adjacent and offsite:
-- The community center offers day care, computer labs, and weight rooms
-- City open park, open space and bike trails are within a block
-- It sits on the Rapid Ride bus line (which has free wifi) with direct access to business districts and college campuses
A majority of the units have been renovated in the last few years and the property offers free wi-fi today which is a built in future rent increase for your buyer.

Upside and an after tax IRR of 19.50%!

A property tour is scheduled for 9/20 at noon (please RSVP below) and the offer deadline is 9/27/2012 at 5pm MST.

Flyer can be found at - http://www.nmapartment.com/apt/NMAA-V4H-Flyer.pdf

Register for the offering memorandum (to be released 9/14) and tour at http://www.nmapartment.com/villageatfourhills

The property is being sold using the bid process – additional details can be found here - http://www.nmapartment.com/bidprocess/bidprocess.pdf