Multifamily

10th Street Apartments

1075 Myrtle St, Los Alamos, NM 87544

Listing Price: $4,400,000

Cap Rate
6.30%
Number of Units
48
GRM
9.32
Occupancy
100.00%
Price/Unit
$91,667
Price/Gross SF
$229.17
Gross SF
19,200

Investment Overview

Marcus & Millichap has been selected to exclusively market for sale the 10th Street Apartments, a 48-unit multifamily property located in Los Alamos, New Mexico. This asset represents an excellent multifamily opportunity in a desirable and growing area.
Completed in 1947,10th Street apartments encompasses a total of 48 units and net rentable area of 21,234 square feet. The lot is 1.67 acres.
10th Street Apartments offers a mix of studios and 1-bedroom units averaging 400 square feet. Each unit features quality amenities including kitchens with refrigerator, stove, oven, sink, cabinets and counter space. Main living areas have tile flooring or carpet, large windows that provide natural light, and privacy blinds. There are laundry facilities on-site.

Investment Highlights

  • Initial 6.31% cap rate, 12.88% cash on cash
  • Growing Los Alamos National Lab continues to drive increased rents and low vacancies
  • 88 unit, 2 building portfolio in the coveted Los Alamos, NM market

Exclusively Listed By

  • Daniel Shin

    Senior Managing Director Investments

    (801) 736-2628

    Email Daniel

    License(s): UT: 6298928-SA00, ID: SP38035

    Salt Lake City

  • Brock Zylstra

    First Vice President Investments

    (801) 736-2642

    Email Brock

    License(s): UT: 8726586-SA00, ID: SP47190

    Salt Lake City

  • Jacob J. Miles

    Associate

    Email Jacob

    License(s): UT: 11449836-SA00

    Salt Lake City

Broker of Record

  • Matt Reeves

    Senior Associate

    License(s): NM: 19583

    New Mexico

Listing Price: $4,400,000

Cap Rate
6.30%
Number of Units
48
GRM
9.32
Occupancy
100.00%
Price/Unit
$91,667
Price/Gross SF
$229.17
Gross SF
19,200

Investment Highlights

  • Initial 6.31% cap rate, 12.88% cash on cash
  • Growing Los Alamos National Lab continues to drive increased rents and low vacancies
  • 88 unit, 2 building portfolio in the coveted Los Alamos, NM market

Investment Overview

Marcus & Millichap has been selected to exclusively market for sale the 10th Street Apartments, a 48-unit multifamily property located in Los Alamos, New Mexico. This asset represents an excellent multifamily opportunity in a desirable and growing area.
Completed in 1947,10th Street apartments encompasses a total of 48 units and net rentable area of 21,234 square feet. The lot is 1.67 acres.
10th Street Apartments offers a mix of studios and 1-bedroom units averaging 400 square feet. Each unit features quality amenities including kitchens with refrigerator, stove, oven, sink, cabinets and counter space. Main living areas have tile flooring or carpet, large windows that provide natural light, and privacy blinds. There are laundry facilities on-site.

Exclusively Listed By

  • Daniel Shin

    Senior Managing Director Investments

    (801) 736-2628

    Email Daniel

    License(s): UT: 6298928-SA00, ID: SP38035

    Salt Lake City

  • Brock Zylstra

    First Vice President Investments

    (801) 736-2642

    Email Brock

    License(s): UT: 8726586-SA00, ID: SP47190

    Salt Lake City

  • Jacob J. Miles

    Associate

    Email Jacob

    License(s): UT: 11449836-SA00

    Salt Lake City

Broker of Record

  • Matt Reeves

    Senior Associate

    License(s): NM: 19583

    New Mexico

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