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NM Apartment Advisors
Apartments are no longer the low rung on the ladder to single family home ownership. Millennial rents, driven by locatons with high walk , bike and transit scores are smashing through the rent ceiling paying $1,000 to $3,500 a month in rent. Albuquerque’s new zoning encourages the live/work mixed uses that today’s renter demands. Higher rents = higher values as amazing in-fill located apartment investments set new records for prices per unit, prices per square foot and cap rates.