$1,290,000
- 12,865 Sq Ft
806 W 16th St, Portales, NM 88130
Valencia Apartments is a stabilized, 17-unit multifamily asset locatedjust two blocks from Eastern New Mexico University. The 12,865square foot property is currently operating at 88% occupancy andproducing a Net Operating Income (NOI) of $95,780, equating to a7.42% cap rate based on actuals.Value-Add/Upside: Current rents are below market. Adjusting rents tomarket levels positions the asset to
Jacob Rocker Real Estate Advisors, LLC
