Southwest 10 Rental Units!

Multi-Family for Sale
Catylist Listing ID: 29622638
Property Subtypes: Low-Rise/Garden
Number of Units: 10 Units
Building Size (RSF): 6,800 SF
Gross Building Area: See Agent
Gross Land Area: 0.87 Acres
Sale Price: $375,000
Unit Price: $37,500 Per Unit
Property Use Type: Investment
Building Name: 1442 Sunset Road SW
Sale Terms: Cash to Seller
Cap Rate: 10.15%
Last Updated: 5/22/2017

Overview / Comments

Ten Adobe and Frame Stucco rental units. Five one-bedroom / one bath's (600 sq.ft each) four studios (400 sqft each) and a two bedroom house (approx. 2000sqft) on .87 acres. Zoning is grandfathered in to May 17, 2033. Great historical occupancy! Gas piping was upgraded in 2004 by TLC Plumbing. Electrical was upgraded in 2006.

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: South Valley
Tax ID/APN: 101205544841711002
Percent Occupied: 100%
Market Type: Large
Property Located Between: Sunset Road and Goff Blvd. SW
Side of Street: East
Road Type: Paved
Airports: Sunport International
Total Number of Buildings: 3
Property Condition: Good
Number of Stories: 1
Roof Type: Flat
Construction/Siding: Stucco, Wood Frame
Exterior Description: Property exterior consists of stucco paint and synthetic stucco.
Parking Ratio: 1.5 (per 1000 SF)
Parking Type: Surface
Heat Source: Wall Units
Fuel: Gas
Air Conditioning: Evaporative Cooler
Internet Access: Cable
Interior Description: All units have some upgrades including bathrooms and kitchens.
Zoning Description: As referenced by NCU-79, the property is legally nonconforming as to use. The two (2) single family dwellings and the triplex (3 apartments) may remain non conforming until May 17, 2033.
Land Ownership: Fee Simple
Legal Description: Tract 3B3A, MRGCD Map #43

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,140 98,190 240,629
Median Age: 35 32.49 32.77
Households: 4,239 35,927 90,605
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