Poblana Place - 87 mixed use units for $18.20M, new construction, Proforma Cap of 7.92%, actual 5.48% cap rate NM Apartment Advisors Inc. is excited to share with you our newest listing from the architect/development team of Scott Anderson and Dreskin Development and J&S Development. Located in the heart of the north valley along Albuquerque's original Route 66 and at 2818 Fourth NW, Poblana Place is a brand new construction apartment community offers an amazing chance to own a brand new investment property in an underserved sub-market. Welcome to the future – the Poblana Place apartments represent what Albuquerque's new IDO zoning allows - higher density, mixed use, covered gated parking and more. The property offers large roof deck, four electronic vehicle charging spaces, elevator service, covered parking spaces, common trash chutes, and units with washer/dryers, granite counter tops, vinyl plank flooring, walk-in closets and upgraded unit finishes. The property has achieved 95% occupancy, with an average rent of $1,437 per month. In the coming year, as leases renew and the construction discount burns-off, average rents will increase to $1,484. A recent market survey of competing rental properties indicates market rents are closer to $1,871 which is a 25% increase over today’s average rent. Additional value add opportunities arise from charging for the 84 covered parking spaces as well as for the 84 units that have washer/dryers installed. Located just north of downtown, and equidistant between Uptown and North I-25 corridor, this property is centrally located for residents who want urban living in Albuquerque's rural/agricultural corridor. Property Flyer and summary financial info can be found at - http://www.nmapartment.com/apt/NMAA-Fourth2818NW.pdf Qualified investor can access the confidential documents by completing the online confidentially agreement at http://www.nmapartment.com/2818 Do not wait, flagship properties in one of the top markets in the country for rent growth are very rare. Thanks, Todd Clarke CCIM CIPs CEO NM Apartment Advisors Inc. (505) 440-TODD