An Opportunity to acquire part of the Q Portfolio! Q at Uptown – 7801 Marble NE – 22 units recently renovated.
New Mexico Apartment Advisors is honored to bring to market the Q Portfolio: A best in class brand of millennial preferred apartment communities located in Albuquerque, NM.
The Q's expandable portfolio of 131 apartment residences in 3 campuses all located in Albuquerque's millennial corridor features a quality, vibrant living environment for those who want to Live Different. Care and attention to detail is what the Q experience is all about. The residents at the Q enjoy the same level of professional customer service and amenities you may expect at a national chain of apartment communities, but with a distinct personal touch and character.
This is a core asset with stabilized cash flow, incredible renovations, an amazing architectural aesthetic and focus on top notch design.
Measures of investment performance at a price of $4,223,602 and current average rent of $1,286/mo are a GRM of 11.18, a 5.39% cap rate, $191,982 per unit, $179/sf, and a cash on cash return of 9.91%. When rents are raised to market of $1,345 - measures of investment performance improve to GRM of 10.65, 5.46% cap rate, and a cash on cash of 10.17%.
The portfolio includes in place management and state of the art property systems overseen by TEAM ABQ management – portfolio website can be found at - theqdifference.com
Please do not visit the property and disturb residents, but visit our visual tours at
Q @ Uptown - www.nmapartment.com/Q3dup1
or contact the listing broker for a guided market/property tour.
You and your client can complete the online confidentiality agreement at www.nmapartment.com/theQ
2% buyers broker fee is part of this fabulous offering.
Don't miss out on this once in a generation opportunity to own one of the nicest apartments in New Mexico.
Todd Clarke CCIM CIPs
CEO NM Apartment Advisors, Inc.
(505) 440-8633
