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424 Jefferson St NE
Albuquerque, NM 87108
The Q @ Nob Hill - Jefferson · Build-to-Rent Property For Sale
·
40 Units
PROPERTY FACTS
| No. Units | 40 | Property Size | 30,242 sq ft |
| Property Type | Build-to-Rent | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Floors | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1964/2017 |
| Costar Property Class | C | Parking Allocation | 1.45/1,000 sq ft |
| Total Plot Size | 0.92 ac | ||
| Use Class | R-ML | ||
| No. Units | 40 |
| Property Type | Build-to-Rent |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Costar Property Class | C |
| Total Plot Size | 0.92 ac |
| Property Size | 30,242 sq ft |
| Average Occupancy | 100% |
| No. Floors | 2 |
| Year Built/Renovated | 1964/2017 |
| Parking Allocation | 1.45/1,000 sq ft |
| Use Class | R-ML |
ABOUT 424 JEFFERSON ST NE , ALBUQUERQUE, NM 87108
An Opportunity to acquire part of the Q Portfolio! Q at Nob Hill - Jefferson – 424 Jefferson NE – 40 units recently renovated. New Mexico Apartment Advisors is honored to bring to market the Q Portfolio: A best in class brand of millennial preferred apartment communities located in Albuquerque, NM. The Q's expandable portfolio of 131 apartment residences in 3 campuses all located in Albuquerque's millennial corridor features a quality, vibrant living environment for those who want to Live Different. Care and attention to detail is what the Q experience is all about. The residents at the Q enjoy the same level of professional customer service and amenities you may expect at a national chain of apartment communities, but with a distinct personal touch and character. This is a core asset with stabilized cash flow, incredible renovations, an amazing architectural aesthetic and focus on top notch design. Measures of investment performance at a price of $5,836,610 and current average rent of $986/mo are a GRM of 12.42, a 5.46% cap rate, $145,915 per unit, $213/sf, and a cash on cash return of 10.01%. When rents are raised to market of $1,085 - measures of investment performance improve to GRM of 11.07, 6.07% cap rate, and a cash on cash of 12.50%. The portfolio includes in place management and state of the art property systems overseen by TEAM ABQ management – portfolio website can be found at - theqdifference.com Please do not visit the property and disturb residents or contact the listing broker for a guided market/property tour. You and your client can complete the online confidentiality agreement at www.nmapartment.com/theQ 2% buyers broker fee is part of this fabulous offering. Don't miss out on this once in a generation opportunity to own one of the nicest apartments in New Mexico. Todd Clarke CCIM CIPs CEO NM Apartment Advisors, Inc. (505) 440-8633
PROPERTY TAXES
| Parcel Number | 1-017-057-355420-1-25-24 | Improvements Assessment | £140,832 |
| Land Assessment | £88,799 | Total Assessment | £229,631 |
PROPERTY TAXES
