Multifamily For Sale
The Q @ Bosque Trails – Part of The Q Portfolio
2531 Candelaria Road NW, Albuquerque, New Mexico 87107
Details
- Category Multifamily
- Type For Sale
- Sale Price Acquisition Pricing Guidance: $29,050,000
- CAP Rate 5.81%
- Year Built 1944 (7-Units) 1987 (10-Units)
- Zoning Multifamily Low Density (R-ML)
Multi-Family Details
- Total Units 148
- Multi-Family Type Mid-rise
Description
The Q Portfolio
The Q @ Nob Hill (Click For Property Information)
The Q @ Vassar North (Click For Property Information)
The Q @ Uptown (Click For Property Information)
The Q @ Bosque Trails (Click For Property Information)
Acquisition Pricing Guidance: $29,050,000
Price/Unit: $196,283.78
June 2024 Pre-Leased Occupancy: 100%
July 2024 Advertised Lease Rates: +$40-$100
Units: 148
-
- 1 Bedroom Units: 56 *37.84%
-
- 2 Bedroom (1, 1.5 or 2 Bath): 84 *56.76%
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- 3 Bedroom (2 or 2.5 Bath): Units: 8 *5.41%
Acquisition Investment Highlights
-
- Acquisition Cap Rate: 5.81%
-
- Acquisition NOI: $1,688,310.61
-
- Acquisition Pre-Tax Cash-on-Cash Return: 7.19% ($842,642) *Ref. OM & Flyer Acquisition Financing Assumptions
Pro Forma Investment Highlights.
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- Year-End 2 Pro Forma Cap Rate: 6.48%
- Year-End 2 NOI: $1,881,540
- Pro Forma Pre-Tax Cash-on-Cash Return: 8.15% ($955,493.45)
- Year-End 5 Valuation at a 5.80% Cap Rate: $35,203,939
- Year-End 5 Projected Value Appreciation: 21.22%
- Pro Forma Pre-Tax IRR: 16.56% *5-Year Hold *Ref. OM & Flyer Acquisition Financing Assumptions.
- Pro Forma After-Tax IRR: 12.91% *5-Year Hold. *Assumed 35% Ordinary Income Tax Rate; Taxable Income Reductions Captures: Cost-Recovery (Depreciation), Loan Interest & Loan Cost Amortization.
Documents
Listing Advisors
Investment Properties, Multifamily
Sarah Raboff
- Direct505 338 9871
- Office505 878 0001
- Mobile505 690 3232
- Emailsarahr@sunvista.com
Multifamily
Luke Scarpa
- Office505.878.0001
- Direct505.338.9876
- Emailluke@sunvista.com