Sena Portfolio on Chama

Multi-Family for Sale
Catylist Listing ID: 30049511
Property Subtypes: Low-Rise/Garden
Number of Units: 12 Units
Building Size (RSF): 8,960 SF
Gross Land Area: 0.30 Acres
Sale Price: $587,000
Unit Price: $48,916.67 Per Unit
Property Use Type: Investment
Usable Size (USF): 8,960 SF
Sale Terms: Cash to Seller
Cap Rate: 8.0%
Average Occupancy Rate: 100
Gross Rent Multiplier: 7.90
Last Updated: 8/13/2017

Overview / Comments

Good morning!

A rainbow of opportunities exist with this investment property!

NM Apartment Advisors is proud to bring to market an unheard of deal for 12 units in the International District – priced under market at $587,000. Offered at a 8.0% cap rate on actuals (11.00% on proforma), a 11.80% cash on cash (23.80% on proforma) and a 14.5% after tax IRR.

The property consists of a fourplex that contains one bedroom units and an eight-plex that contains two bedroom units – side by side but on separate lots.

Don't miss out on this value add deal!

Attachments & Media

Financials

Finance Data Year 2016
Net Operating Income $46,683 (Annual)
Gross Operating Income $71,406 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: Southeast
Taxing Authority: Bernalillo
Tax ID/APN: 101905607439120313
Zoning: R-2 - Residential Zone
Percent Occupied: 100%
Roof Type: Gable
Construction/Siding: Stucco

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 27,447 112,073 264,432
Median Age: 32.01 36.6 37.27
Households: 11,215 49,911 115,863

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