CHARMING NORTH VALLEY DUPLEX

Multi-Family for Sale
Catylist Listing ID: 30134445
Property Subtypes: Duplex/Fourplex
Number of Units: 2 Units
Building Size (RSF): 2,030 SF
Gross Land Area: 10,454 SF
Sale Price: $199,950
Unit Price: $99,975 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 7.3%
Average Occupancy Rate: 100
Gross Rent Multiplier: 9.07
Last Updated: 7/22/2017

Overview / Comments

HUGE, CHARMING DUPLEX ON ALMOST 1/4 ACRE DOWN BY THE RIO GRANDE. (CHECK OUT THE PHOTOS) TWO HUGE ONE-BEDROOM UNITS, WITH ATTACHED LAUNDRY ROOM AND STUDIO. BRICK FLOORS, KIVA FIREPLACE, SUNROOM AND NEW CARPET IN ONE UNIT. NEW LIVING ROOM WOOD FLOOR AND CARPET IN THE SECOND UNIT. PATIOS IN THE FRONT, GREAT GARDENING IN THE BACK. THE UNITS RENT WITH THE SNAP OF A FINGER. BOTH UNITS RE-RENTED IN MAY IN LESS THAN 24 HOURS. GOOD MANAGEMENT RECORDS, OUT OF STATE OWNERS BREAKING UP A TEN YEAR PARTNERSHIP. NEW GAS LINES, WATER AND SEWER LINES FIVE YEARS OLD. NEW RE-PAVED STREET GOES ALL THE WAY TO THE RIVER.

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: North Valley
Tax ID/APN: 49718
Zoning: R-2 - Residential Zone
Percent Occupied: 100%
Property Located Between: GABALDON AND I-40
Site Description: SCENIC STREET, NEWLY RE-PAVED, THAT LEADS TO THE TRAILS BY THE RIO GRANDE
Area Description: AREA OF SINGLE FAMILY HOMES IN THE NEAR NORTH VALLEY
Total Number of Buildings: 1
Property Condition: Good
Number of Stories: 1
Year Renovated: 2016
Roof Type: Other
Construction/Siding: Stucco
Parking Type: Surface
Parking Description: DRIVEWAY AND STREET
Total Parking Spaces: 4
Laundry: Shared
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central, Wall Units
Fuel: Gas
Air Conditioning: Evaporative Cooler
Internet Access: Cable
Interior Description: CHARMING INTERIORS WITH BRICK FLOORS, KIVA FIREPLACE, SUNROOM, NEW CARPET AND WOOD FLOORING
Zoning Description: DUPLEX
In Flood Plain?: Yes
Lot Frontage: 60
Lot Depth: 160
Water Service: Municipal
Sewer Type: Municipal
Legal Description: 10-A 2 PLAT OF DIVISION OF LTS 9 & 10 BLOCK 2 GABALDON ADDN

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,728 118,284 259,669
Median Age: 41.34 35.3 34.07
Households: 5,260 46,533 99,424

Contact

Source

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