2531 Candelaria Rd NW
Albuquerque, NM 87107

The Q @ Bosque Trails is a location of the Q Albuquerque, a legacy apartment community portfolio. The Q @ Bosque Trails is located in a highly sought-after high-end neighborhood, the upper North Valley. Based on lease rate research, the rent roll is 13.56% below market rate. Accordingly, the Year-End 5 pro forma valuation is $4,036,913 a 30.22% appreciation rate. The Q @ Bosque Trails is surrounded by natural greenery and offers plenty of private outdoor spaces. All but one unit includes a ground-level enclosed courtyard or 2nd story balcony. Demonstrated by exceptional historical occupancy, The Q @ Bosque Trails is a low-risk investment with substantial value-add potential.
Location
The Q @ Bosque Trails The Q @ Bosque Trails is located off Rio Grande Blvd NW, a corridor home to some of the highest valued real estate in the City. Less than two miles south of Los Poblanos Historic Inn & Organic Farm, Bosque Trail’s value forecast is robust by nature of its location. The Duranes Ditch walking trail and a 10-minute walk (0.5 mile) from the Rio Grande Nature Center are a 2-minute and 10-minute walk from the Q, respectively. Sawmill Market, a popular industrial revival style food hall, Hotel Chaco, a luxury Heritage hotel, and historic Albuquerque Old Town Plaza are a quick drive or scenic bike-ride south of the Q @ Bosque Trails. For a family excursion or to enjoy a picnic during the summer “Garden Music” concerts, the Albuquerque BioPark is less than a 10-minute drive south of the property.
Amenities
The Q @ Bosque Trails offers a spacious lawn area surrounded by the lush North Valley greenery. Each unit is designed with comfort and style in mind, featuring large private courtyards and balconies, breakfast bars and kitchen islands, fireplaces, and elegant hardwood and tile flooring. In-unit washers and dryers add convenience, making this property a perfect blend of practicality and beauty.
Utilities
Of the 17 units at the Q @ Bosque Trails, 10 are individually metered for gas & electricity, while the remaining 7 units are master metered for gas & electricity. The owner collects monthly utility reimbursement income (RUBS) for the master metered units, common area, water, sewer and trash expenses. 12 of the units are cooled by centralized evaporative mechanisms. To clarify, the owners installed a centralized duct system. All units are heated via forced gas heat. All plumbing materials consist of Copper and PVC.