Z I a E A S T A P A R T M E N T S

INVESTMENT SUMMARY
Irreplaceable
Nob Hill Location
419 Monroe NE
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| Albuquerque, NM
The Offering
On behalf of the owner, NM Apartment Advisors Inc., is pleased to present a rare opportunity to
acquire a stabilized, value add investment in the Zia East Apartments in Albuquerque, New Mexico. It is located facing Zia park and Zia Elementary school and within walking distance of the
Nob Hills 80+ restaurants. The property is also within biking distance of the University of NM
and sits between two major transit corridors (Lomas Blvd and Central Ave (also known as Route
66)). The owner has a family style management that caters to the residents by offering a zen like
tranquility of serenity throughout the community.
The Property
List Price
$3,110,000
$/ unit
$62,200
$ /sf
$95.25
Actual
$665
GRM
8.57
7.79
Cap Rate
Before reserves
7.14%
8.09%
Cap Rate
After reserves
6.82%
7.72%
$212,096
$240,244
8.28%
11.90%
IRR Before Tax
19.3%
22.4%
IRR After Tax
14.9%
17.3%
Occupancy
Number of
Units
50
Proforma
$605
Cash on Cash
419 Monroe NE
Albuquerque, NM 87108
Year of 1960 per Bernalillo
construction: County assessor records
Avg. Rent
Year 1 NOI
Address
95% as of May 31st,
2016
Bldg. Size
Net Rentable 32,650 sf
Gross 33,000 sf
Avg. Unit Size 653 square
feet
Avg. Rent
$605 + with
utilities
$0.93/sf
Site
1.23 acres
Density
40 units to the acre
Zoning
R-3
HVAC:
Central forced air gas
Roof or window mounted evaporative coolers
Amenities
Two laundry rooms,
management office, each
unit has exterior storage
UPC#
1-017-057-385418-12504
Annual Property Operating Data (APOD)
*Note: Owner has not provided agent actual financial statements, these are a best guess based on an interview with the owner. Owner is willing to provide actual
financials to a qualified buyer.
5 year hold analysis with internal rate of returns (IRR)
Property photographs
The Market—Albuquerque, NM
Although the rest of the country might know
Albuquerque for its award winning TV Show,
Breaking Bad, astute investors are looking at
Albuquerque as the place to invest.
With neither a boom or bust mentality, Albuquerque
has a strong record of rent increases and a lack of
new product. This results in high barriers to entry
for competing apartments making multifamily investment a solid choice.
Thanks to major employers like Sandia National
Laboratories and Intel Albuquerque is home to more
PhD’s per capita than in any city in North America.
Albuquerque has an exceptional quality of living,
offering over 147 miles of hiking and biking trails
inside the city as well as mile high Sandia mountains,
and North Americas largest cottonwood forest,
Albuquerque is known for its 300+ days of sunshine,
skiing and golf in the same day, stunning sunsets, and
abundance of outdoor activities, Albuquerque is the
amenity for most apartment residents.
Albuquerque,NewMexicointhenews
9th best mid-sized city of the Future
Foreign Direct Investment magazine—03/2015
6th best city to travel to for food snobs
UNM Schools Ranked Among Best
Albuquerque Named 25th Among America's Hottest Job Markets

Washington Business Journal—Bizjournal September 2007
Travel+Leisure—03/2015
America’s best city for Global Trade for Skilled Workforce
Albuquerque Named Among the 50 Best Adventure Towns
Global Trade magazine—11/2014
3rd best city for rent growth
New Mexico Ranked Fifth Nationally for Manufacturing Momentum
All Property Management as reported in ABQ Journal—10/2013
6th best city in US for connecting workers to jobs using Public
Transportation
Brookings Institute—July 2012
One of the 10 best park systems in the nation
Trust for Public Land—2012
3rd most fittest city
Men’s Fitness Magazine– 2012
3rd best city to make movies
Moviemaker.com– June 2012
Albuquerque Ranked #9 Among Cities for Most Educated Workforce
New Mexico Ranked #7 for Pro-Business Climate (#1 in the Southwest)
Albuquerque Ranked #2 Arts Destination

AmericanStyle Magazine, June 2007
Albuquerque Named Among the Top 20 Metros for Nanotech
Albuquerque Named one of the Top 20 Midsize Cities for Doing Business
Top 25 best places to Retire
CNNMoney.com—Sept. 2011
Albuquerque Fittest City in the Nation
15th best city in Bloomberg’s Business Week (best cities)
Bloomberg’s Business Week—2011
#17th best bike friendly city
#1 place where
home prices are
likely to rise
Forbes Ranks Albuquerque #8 in Best Cities for Jobs
Bicycling Magazine—2010
Albuquerque One of America's 50 Hottest Cities,
Albuquerque Named a Top 10 City for Movie Making,
MovieMaker Magazine, Winter 2007
Top Ten for Being a Healthy Community
Outside Magazine—#6—August 2009
One of the Best Cities in the Nation
Albuquerque Ranked 3rd Smartest City to Live,
Albuquerque One of the Top Metros in U.S. Overall for Public Schools-
Kiplinger Magazine—#2—July 2009
Top 10 places to Live
U.S. News & World Report—June 2009
AAA rates Albuquerque 2nd in vacation affordability
Bizjournals Survey Ranks Albuquerque 18th for Jobs,

BizJournals, November 2006
Albuquerque Best in Nation for Business and Careers
American Automobile Association—June 2008
UNM Anderson School Ranked in Global 100
Aspen Institute, October 2007
Forbes Magazine Ranks Albuquerque as 5th Best Metro Overall and Lowest
The Location
The Zia East Apartments are
located in the eastern end of the
University submarket.
The Zia East Apartments offers
quick access to Interstate 40
and is equidistance to the Uptown and Downtown CBD’s,
and adjacent to the gourmet
row of restaurants in
Albuquerque’s Nob Hill , making its primary
amenity one of:
location,
location,
location.
The Neighborhood
The Zia East Apartments are located just north of Albuquerque’s restaurant
mecca, Nob Hill which is home to some 80+ restaurants.
Jefferson
Middle
School
Zia Elementary
School
Hike/Bike Path
Highland
Highschool
Area Demographics/Employment
$61,550 $66,210
The Zia East Apartments are within a 10
minute drive time of a
majority of the city including access to some
15,981 businesses,
149,627 employees, and
132,884 people whose
average household income is $47,623.
$48,871
North I-25
Corridor
Household incomes in
the immediate area or
census block group
average $34,524.
According to Zillow,
surrounding single
family residential
properties are valued
between $260,000 to
$350,000.
Downtown
CBD
Uptown
CBD
$56,450
$34,524
$45,708
$31,890
Key Dates
Property Tour : Contact agent to schedule, please do not disturb
residents
Register online for the tour at
www.nmapartment.com/zia
Marketing Advisors
The property is being offered with one tour date and a fixed
deadline for receipt of all offers. Additional information on
the sales process can be found at
www.nmapartment.com/bidprocess/bidprocess.pdf
The owner and property are represented by Todd Clarke CCIM
of NM Apartment Advisors, who has twenty-four years of
experience in marketing apartments in the New Mexico area.
If there is any information you need on the market,
submarket, or the property, please do not hesitate to ask.
Todd Clarke
CEO
NM Apartment Advisors Inc.
2823 Richmond NE
Albuquerque, NM 87102
505-440-TODD
[email protected]
www.nmapartment.com