1700 Indian Plaza Dr NE, Albuquerque, NM 87106

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Building Details:

• Year Built: 1980

1700 Indian Plaza Dr NE is located in Albuquerque, NM.

Well located next to Wholefoods store, one freeway exit from Downtown or Uptown, just north of the UNM legal and medical campus, this low density, 140 unit, completed renovated apartment community offers its residents an "A" infill location with 9 different floorplans.

Assumable Fannie Mae Financing at 67% loan to value offers an astute investor a before Tax IRR of 18.4%, and after Tax IRR of 14.0%.

Property also includes an additional 1.4 acres of land that could be used for future apartment development - see listing agent for more details.

Recently renovated, and priced well below replacement cost. Upside potential in adding Wi-Fi, and moving rents up 13% to submarket average.

Amenities include: 1 and 2 story town home units, fire places, 2 swimming pools, updated clubhouse, fitness center, 2 laundry care facilities, dedicated dog park.

Offering memorandum available - see links for registration link or last page of attached flyer.