Would you like to quintuple your equity by owning 12 units? Rising rents raises values - Family style compound 12 units – 10.34% cap, potential cap rate of 13.77% - Property has approved financing with an interest rate at 5.35%? On behalf of the owner, NM Apartment Advisors is excited to offer this 12 unit property using the BID process with a start price of $695,845, some 25% under a recent appraisal. The owner has recently made significant improvements to this family style apartment compound. The property is being offered using the BID Process with one date for a tour and an other date for offers. The property contains a large two bedroom home, 5 two bedroom units, 5 one bedroom units and a studio apartment all in a private courtyard setting facing each other. Do not miss out on this rare value add opportunity to buy a renovated property with rents 22% below market (60% of AMI) and the potential for a new below market interest rate loan with a rate starting at 5.35% See attached excel work sheet for the quick and dirty math on the equity return multiplier which ranges from a 5.77 to 7.67 multiplier on your equity. Measures of investment performance with an average rent of $842 and an start price of $695,845 include $57,987 per unit , $91.63/sf, 10.34% (ACTUAL) cap rate, and an after tax IRR of 15.4%. If rents are moved closer to the market average and 60% of AMI, at $1,064, the measures of investment performance improve to a 13.77% cap rate. Property has recent appraisal with a today value of $930,000 and a future value of $1,070,000 and is approved for a loan from the Ventana Fund with a term sheet that includes 80% loan to value, 5.35% interest rates. Lender would require approval of the Buyer(s). The 20 page flyer at http://www.nmapartment.com/apt/NMAA-345EspanolaNE.pdf Tineline 1. Tour – noon, May 6th, 2025 2. Offer Deadline – noon – May 8th, 2025 3. Qualified investors can register for the tour and complete the online confidentially agreement to gain access to the appraisal, inspection reports and other confidential documents at this link: http://www.nmapartment.com/espanola335 Need a review prior to the tour – feel free to schedule a time to zoom/call and discuss this deal and it’s potential financing - https://calendly.com/nmapt/335-espanola-ne-review Do not miss out on this rare value add opportunity to buy a renovated property with rents well below market and an astronomically high cap rate! Thanks, Todd Clarke CCIM CIPs CEO NM Apartment Advisors Inc. (505) 440-TODD