W Hank Quadplexes (9% Cap Rate) 1506 W Yucca Ave 20 Unit Apartment Building $1,363,000 ($68,150/Unit) Artesia, NM 88210

$69,600 Average Price Per Unit | ~7.5% Trailing Cap Rate Excellent opportunity to acquire a 5-building, 20-unit multifamily portfolio consisting of quadplexes located on W Hank Ave in Artesia, NM. The portfolio features a diversified unit mix of 1-, 2-, and 3-bedroom apartments, supporting broad tenant demand and stable occupancy. Interior Condition & Capital Improvements Of the 20 total units, 8 units are fully remodeled, 6 units are semi-remodeled requiring primarily flooring, and 6 units remain unremodeled, including 4 units occupied by long-term tenants. Most remodeled units feature updated finishes, and split HVAC systems were installed in 2024–2025 across the majority of units, reducing near-term capital expenditure needs. Utilities & Operating Structure Tenants pay electric and gas, which are individually metered by unit. Ownership is responsible for water only, which is master-metered and averages approximately $120–$130 per building per month, resulting in limited owner utility exposure. Recurring pet rent is charged at $25 per pet per month. Non-refundable pet fees are excluded from NOI. Income Characteristics & Upside Two units participate in the Housing Choice Voucher (Section 8) program, providing stable, government-backed income. The portfolio offers clear value-add potential through completion of remaining interior renovations, lease roll-over, vacancy lease-up, rent standardization, and targeted roofing upgrades on select buildings, while maintaining strong in-place cash flow. Disposition & Offering Terms Properties are offered individually or as a portfolio. Buildings are listed separately on MLS due to ownership structure (most have common ownership). Portfolio addresses include 1403, 1407, 1501, 1505, and 1509 W Hank Ave only. No other quadplexes on Hank Ave are included in this offering to sellers’ knowledge. Financing Seller does not offer creative financing or seller/owner financing. Property will be conveyed via cash purchase or buyer-arranged third-party financing (bank or institutional lender). Additional Information Asking rents shown by unit reflect average rents currently received. A detailed rent roll and investor summary are available in the data room.