Mary Ellen Fourplex

Multi-Family for Sale
Sale Pending
Catylist Listing ID: 30139447
Property Subtypes: Duplex/Fourplex, Low-Rise/Garden
Status: Pending
Number of Units: 4 Units
Building Size (RSF): 4,000 SF
Gross Land Area: 0.23 Acres
Sale Price: $225,000
Unit Price: $56,250 Per Unit
Property Use Type: Investment
Usable Size (USF): 4,000 SF
Sale Terms: Cash to Seller
Cap Rate: 7.8%
Gross Rent Multiplier: 7.70
Last Updated: 8/30/2017

Overview / Comments

8/18 - please note - property has multiple (9) offers - is in best and final round - should be pending by 8/24/2017

Extra large, 1,000 sf units with an abundance of storage - current rents average $609, market is closer to $800 - 7.80% Cap rate on actuals, proforma cap rate of 11.30%.

Tour day and time - 8/8 at 11:30am, with an offer deadline of 5pm on 8/16. Register for the tour

Attachments & Media

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: Northeast
Taxing Authority: Bernalillo County
Tax ID/APN: 102105904501030215
Zoning: R-3 - Residential Zone
Year Built: 1971
Roof Type: Flat

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 23,329 184,712 294,722
Median Age: 39.16 38.55 39.25
Households: 9,974 81,511 131,511


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