Property Description

THE OFFERING On behalf of the owners, New Mexico Apartment Advisors and Deacon Property Services are excited to present a rare opportunity to acquire a stabilized, core property in the Zia @ Nob-Hill Apartments in Albuquerque, New Mexico. This community is located facing Zia park and Zia Elementary school and within walking distance of the Nob Hill’s 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/Route 66). THE PROPERTY Zia @ Nob-Hill’s current ownership is on a runway towards individual unit renovations and higher rents. The owner has done all of the non- sexy capital items including upgrading landscaping (2019), improved the parking lot (2020), installed new gas-lines (2019), a new roof (2019) and a security gate for parking. As units turn the owner has developed a unit upgrade plan allowing them to capture higher rents. This combination makes the property a value add with the potential to renovate units and raise rents to a level closer to the neighboring property creating a potential cap rate of a 8.82% PROPERTY HIGHLIGHTS LOCATION & SETTING • Located in vibrant, walkable Nob Hill district • Quick access to UNM and employment hubs • Proximity to shops, dining, and public transit INTERIOR HIGHLIGHTS • Spacious floor plans with abundant natural light • Recent upgrades include modern flooring and paint • Functional layouts designed for maximum living space INVESTMENT PERFORMANCE • Current rents 20.3% below market rates • Projected cap rate of 8.82% post-stabilization • High-demand area with double-digit rent growth SYSTEMS & TECHNOLOGY • Individualized heating and cooling for every unit • Updated electrical and plumbing building components • On-site laundry facilities for tenant convenience EXTERIOR & OUTDOOR LIVING • Professionally landscaped with low-maintenance desert plants • Shared courtyard for resident community use • Ample off-street parking for residents and guests KITCHEN & DINING • Fully equipped kitchens with efficient appliances • Generous cabinet storage and functional prep space • Modern finishes in recently renovated units ADDITIONAL SPACES • Dedicated areas for secure resident bike storage • On-site management and maintenance storage space • Potential for future amenity or expansion space

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Todd D Clarke & Kyle Deacon