Description
These properties are offered for the first time in over a generation and the owners are willing to consider individual sales or a portfolio sale. The properties are offered with a fixed date for offers. Each of the properties offers something amazing include: V-122 Morado 6 units adjacent to Kit Carson park - $525,000 8.28% cap rate S 111-113 Elidio 9 units walking distance to the Plaza - $495,000 9.0% cap rate W -1015-1021 Calle De Oro 20 units near Wal-Mart - $1,520,000 8.04% cap rate E- 1309A Paseo Del Pueblo Norte 3 unit mixed use property with main street frontage - $373,000 The combined start price for the portfolio is based on a 2020 appraisal for the estate at $2,913,000 The owner has priced these deals under market comparable sales to ensure an expedited closing. Timeline of events for the BID process: Properties will be featured in a zoom meeting/overview on Tuesday November 7th, 2023 at noon. Qualified Investors can register for the zoom meeting and receive copies of inspections and appraisals for each property by registering (ask your broker) The offer deadline is noon on Thursday, November 9th, Offers received prior to that date will not receive a response until after the offer deadline. Offers received prior to that date with an expiration prior to Monday, November 13th, 2023, will not receive a response. Please do not ask what it would take to take the property off the market as the owner is dedicated to using the BID process and letting the market interest determine the final price. Tax Savvy investors are taking benefit of the cost segregation + 2018 tax cuts & job act to garner amazing tax shelter on a Federal level. Said benefit decreases from 100% to 80% on 1/1/2024. Ask your broker for the link to this info.
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01/2 BATHS
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Listing provided courtesy of Nm Apartment Advisors Inc.: 505-440-8633.Description
These properties are offered for the first time in over a generation and the owners are willing to consider individual sales or a portfolio sale. The properties are offered with a fixed date for offers. Each of the properties offers something amazing include: V-122 Morado 6 units adjacent to Kit Carson park - $525,000 8.28% cap rate S 111-113 Elidio 9 units walking distance to the Plaza - $495,000 9.0% cap rate W -1015-1021 Calle De Oro 20 units near Wal-Mart - $1,520,000 8.04% cap rate E- 1309A Paseo Del Pueblo Norte 3 unit mixed use property with main street frontage - $373,000 The combined start price for the portfolio is based on a 2020 appraisal for the estate at $2,913,000 The owner has priced these deals under market comparable sales to ensure an expedited closing. Timeline of events for the BID process: Properties will be featured in a zoom meeting/overview on Tuesday November 7th, 2023 at noon. Qualified Investors can register for the zoom meeting and receive copies of inspections and appraisals for each property by registering (ask your broker) The offer deadline is noon on Thursday, November 9th, Offers received prior to that date will not receive a response until after the offer deadline. Offers received prior to that date with an expiration prior to Monday, November 13th, 2023, will not receive a response. Please do not ask what it would take to take the property off the market as the owner is dedicated to using the BID process and letting the market interest determine the final price. Tax Savvy investors are taking benefit of the cost segregation + 2018 tax cuts & job act to garner amazing tax shelter on a Federal level. Said benefit decreases from 100% to 80% on 1/1/2024. Ask your broker for the link to this info.
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