Offered at $500,000. The Sands Village is a fully designed 28-unit multifamily development opportunity located approximately 0.3 miles—about six blocks—from New Mexico State University. The proposed community consists of 16 two-bedroom/two-bath units of approximately 1,050–1,100 square feet and 12 three-bedroom/three-bath units of approximately 1,300–1,350 square feet. Each residence includes a 93-square-foot covered private patio, washer and dryer connections, refrigerated air conditioning, an energy-efficient kitchen and dedicated parking. A comprehensive construction plan package is available, including architectural, civil, structural, mechanical, electrical, plumbing, landscape and irrigation drawings. A seller-prepared preliminary pro forma projects $525,600 in annual gross rent and approximately $349,524 in stabilized NOI, based on 5% vacancy and operating expenses of approximately 30%. All financial figures are projections and should be independently verified by the buyer. Full plans and supporting project information are available to qualified buyers. Owner financing may be considered with acceptable down payment, credit and terms. Buyer to independently verify zoning, plan and permit status, utilities, construction costs and all development requirements. A 3% commission is offered to a licensed broker who procures the buyer, payable only upon successful closing and subject to a written commission agreement.