University area triplex main house ready for owner occupant On behalf of the owners, NM Apartment Advisors is excited to bring to market this rare opportunity to find an UNM/CNM area triplex - 311 Princeton SE 311 Princeton SE is located just 3 blocks to UNMs main campus with quick and immediate access to an ART Stop and all that downtown and Nob Hill have to offer. With a 77 Walk Score, 85 Bike Score and a Transit score of 43, and is in the epi-center of the UNM/CNM campuses and is just steps from the Smiths Grocery store. The owner has positioned this sale to make it easy for an owner occupant to view the main house – with a virtual tour of the main house and basement can be viewed at http://www.nmapartment.com/princeton311se3d A 20 page information flyer for the property can be viewed at http://www.nmapartment.com/apt/NMAA-Princeton311SE.pdf Measures of investment performance at ask price of $459,974 and current average rent of $1,133 are a GRM of 11.27, a 5.87% cap rate, $153,325 per unit, $169.79/sf. Ten recent closed or pending sales indicate a value closet to $465,092. If rents are raised to market for furnished units, with an average rent of $1,392, the measure of investment performance improve to a GRM of 9.18, and a cap rate of 7.46%. Qualified investor/buyers can gain access to confidential information on the property by completing the online confidentially at http://www.nmapartment.com/313harvard Do not miss out on owning a University area triplex that is ready for owner occupants and/or investors to buy in one of the top rental markets in the country. Thanks, Todd Clarke CCIM CIPs CEO NM Apartment Advisors Inc. (505) 440-TODD