6101 Sequoia Rd NW, Albuquerque, NM 87120

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Building Details:

• Year Built: 1985

6101 Sequoia Rd NW is located in Albuquerque, NM.

Welcome to Broadstone Ladera, one of Albuquerque's best built apartment communities. Offered well below its replacement cost at $24M, this solidly built 280 unit community offers the investor a great deal of flexibility and possibilities.

Located on Albuquerque's fast growing westside, but just one freeway exit from Downtown, this core asset offers a value play as well as a possible condo for an exit strategy. Attractive assumable financing allows for a faster closing for the 1031 exchange buyer.

Seller is accepting offers until October 30th, 2012.

Confidentiality Agreement can be found here - www.nmapartment.com/blca

Built in 1985 construction and renovated in 2004 this core asset offers the 1031 exchange buyer assumable financing at $18M loan at 5.62% interest only, no reserve for replacements required allows for 33% down payment and 9.2% Cash on Cash and 1.54 DCR

Solidly built in 1985 with tilt up concrete construction
Remodeled and rebranded in 2004 as Broadstone Ladera

Competitive advantage in submarket with exceptionally large units (1 bedrooms are 800 sf, 2 bedrooms are 1,200sf) that are 50% larger than market average

Each unit includes washer and dryer

Gated Community

Possible condo as exit strategy with proven sales in neighboring property, Casa Ladera, which has recent one bedroom sales averaging $95,000 per unit (avg. unit size is 1,050 sf)

Core asset with possible value play in surface upgrades and marketing to Gen-Y who can't afford downtown Albuquerque

Call Todd Clarke to arrange tour - do not visit the site or disturb onsite management or residents