18 Alamosa + 15 Addresses, Los Lunas, NM 87031

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Building Details:

• Year Built: 1997

18 Alamosa + 15 Addresses is located in Los Lunas, NM.

Rare opportunity to buy from original owner – 16 single family residences in growing submarket of Albuquerque
16 single family residences – constructed in 1990s - each with three bedrooms, two bathrooms and a two car garage is available for sale as a portfolio of rental units with management team in place.
Located in two subdivisions of Los Lunas, NM and contained with Valencia County, which is forecast to grow by 107% in next 20 years.
The ask price is $1.584M, and with an average rent for the large apartment units is $0.75/sf this offers an astute investor a 7.0% Cap rate and a potential cash on cash of 10.1%
Offer deadline is 5pm MST, April 21st, 2015.
Register for confidential documents and tour at www.nmapartment.com/LL
Thanks,
Todd Clarke CCIM