2818 4Th StAlbuquerque, NM 87107

This exceptional Class A, new construction apartment building, Poblana Place, presents a compelling investment opportunity in Albuquerque, New Mexico. Located at 2818 4th St NW, in Bernalillo County, zip code 87107 (35.1133013, -106.6459571), this 87-unit mixed-use property boasts a current 95% occupancy rate with an average rent of $1,437 per month, projected to increase to $1,484 per month as leases renew. Market surveys indicate potential for rents as high as $1,871 per month, representing a significant upside. The property features desirable amenities including a large roof deck, four EV charging spaces, elevator service, covered parking for 84 units, common trash chutes, and in-unit washer/dryers, granite countertops, vinyl plank flooring, and walk-in closets. The asking price is $18,200,000, with a current cap rate of 5.48% and a proforma cap rate of 7.92%. Additional value-add opportunities exist through the potential to charge for parking and in-unit laundry. Situated in a central location, equidistant between Uptown and the North I-25 corridor, Poblana Place benefits from its proximity to downtown Albuquerque while also being in Albuquerque's rural/agricultural corridor. This property represents a rare opportunity to acquire a flagship asset in a market experiencing exceptional rent growth.