Nob Hill Apartments

Introducing Hermosa Commons, a stunning turnkey multi-family and commercial building investment portfolio located in the heart of the highly desirable Nob Hill neighborhood. As you may know, Albuquerque is in a housing crisis, and thanks to all the new job growth the demand for apartments has skyrocketed. Hermosa is a mixed-use property boasting a total of 22 units (20 studios, 2 - 1 bedrooms, and commercial units, with a gross building area of 11,369 sq. ft. Most studio units are 330 sq. ft. with the same floor plans. The property is turn-key with a strong history of occupancy and is located in a high-demand rental market. Currently, owner-managed fully remotely with maintenance and video security system.

Property Overview:
- Total Number of Units: 23
- 22 Units - Apartments
- 20 - Studio Apartments (Avg. 330/SF)
- 2 - 1 Bedroom Bungalows (Avg. 850/SF)
- 1 Commercial Shop Unit (1875/SF)
- Building Sq Ft: 11,369 | Lot Sq Ft: 20,037.6
- 3 Multiple Lots - Lots 1, 23 & 24, College View Addition
- 100% Unit Occupancy
- Non-Owner Occupied, Live-in resident manager / maintenance technician

Located in Historic Nob Hill and Walking Distance to UNM:
- Albuquerque’s first Shopping Center, the Nob Hill Business Center.
- Bars, restaurants, theatres, museums, academic institutions, and local retail.
- UNM which features over 30,000 students
- Major infrastructure improvements have been made in the area and the property is a stones through away from a major ART “Albuquerque Rapid Transit” station which services all of historic Route 66.
- Major investments continue to come to this area with the addition of over 300 apartment units in just the last 18 months along with new retailers and restaurants.

Onsite Management + Innovative Technology Enabled Property
With live-in resident manager / maintenance technician. We are committed to ensuring an enjoyable experience for our tenants. The live-in-manager oversees a range of duties such as upkeep, work orders, tenant touring, and unit turnover with real-time messaging and daily communication to property manager.

Online Marketing + Digital Leasing Leading in Fast Turnovers - 3 Days Turnover Time
Utilizing Online Leasing Marketing, 3D Video Tours, Video Tours, and seamless tour scheduling supported by on-site management, our process facilitates a rapid lead-to-lease cycle. We offer convenient online rental applications and conduct thorough tenant screenings to ensure comprehensive assessments.