1800 S Pennsylvania Ave

Overview

Subject: Out of this world deal in Roswell – 54 units – priced 25% below comparable sales Good afternoon!NM Apartment Advisors is having an extra-sensory moment of elation to bring to market this out of the world Pueblo Chamisa located in the UFO Capital, Roswell, New Mexico. The property offers well apportioned units ranging from 601 to 1,274 square feet in one, two and three bedroom units. The property is a 100% occupied and stable CORE investment, with the potential of value add with rents that are 19% below market and the potential to charge back RUBs.  Implementing a RUBs bill back could increase the property value by $891,644 or 26%! With an average rent of $805, and at the ask price of $3,415,169 the measures of investment performance include $63,244 per unit, $74.57 per square foot, a before reserves cap rates of 7.15%, and an after tax IRR of 18.60%. If rents are moved to market of $994, measure of investment performance improve to a cap rate of 9.83%. Offered for less than a recent appraisal and less than 25% of market comparable sales which are coming in closer to $4,706,210, this Seller desires a quick sale! The 23 page flyer at http://www.nmapartment.com/apt/NMAA-Penn1800Roswell.pdf And a virtual tour of some of the units can be found at:http://www.nmapartment.com/3dchamisa1http://www.nmapartment.com/3dchamisa2http://www.nmapartment.com/3dchamisa3 Qualified Buyers can register for confidential information at www.nmapartment.com/pueblochamisa Buyer's/Buyer's brokers please email compensation@nmapartment.com with NMAA-2480800 in the subject to receive the form for the Seller's concession to the Buyer, that can be used to pay a Buyer's broker. Do not wait for a message from outer space to take advantage of this deal! Thanks,Todd Clarke CCIM CIPsCEONM Apartment Advisors Inc.(505) 440-TODD