950 Louisiana Blvd SE
Albuquerque, NM 87108
The Loop @ 950 · Multifamily Property For Sale · 511 Units

The Multifamily Group and Base 5 are excited to offer the opportunity to acquire ownership of Desert Oasis in Albuquerque, NM. Desert Oasis consists of 511 units in thirty, two-story buildings. The properties were built between 1971 and 1979 with stucco and Masonite siding, a combination of flat and pitched Spanish tile roofs on slab foundations. The property has frontage on Louisiana Blvd which has a daily traffic count of over 16,000 vehicles. Exterior amenities include 5 resort style pools, 2-playgrounds, 5 laundry sites, covered gazebos with grilling areas throughout the property. New Mexico Veterans Memorial Park is located just South of the property. The Park is a great amenity for the residents of Desert Oasis and hosts events regularly, featuring a large sports field, museum, courtyard, Boulevard of Flags, visitors center, and offers facility rentals. Albuquerque was ranked in the top third for rent growth nationwide while also coming in second to last in completions out of the largest 96 major metro markets in 2017 (Yardi Matrix | Market Point). Renter by Necessity as an asset class had rent growth that was 4% city-wide in 2017 and over 9% in the immediate surrounding submarkets, nearly four-times the growth in Lifestyle asset class in New Mexico (Yardi Matrix | Market Point). Overall Sub-Market occupancy for Desert Oasis was 96.1% in 2017.