63rd Street Fourplex

Multi-Family for Sale
Sale Pending
Catylist Listing ID: 30040469
Property Subtypes: Duplex/Fourplex
Status: Pending
Number of Units: 4 Units
Building Size (RSF): 2,924 SF
Gross Land Area: 0.14 Acres
Sale Price: $169,000
Unit Price: $42,250 Per Unit
Property Use Type: Investment
Usable Size (USF): 2,924 SF
Sale Terms: Cash to Seller
Cap Rate: 7.9%
Average Occupancy Rate: 100
Last Updated: 5/1/2017

Overview / Comments

Townhouse style units with attractive floorplan. Recently renovated unit B is lockbox and available for showing.

7.9% Cap rate (actual), 11.4% Cap rate (proforma)

Owner also owns 2 more fourplexes on same street - all 3 can be purchased for discount.

Attachments & Media

Financials

Finance Data Year 2016
Net Operating Income $13,401 (Annual)
Gross Operating Income $23,621 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: West Mesa
Taxing Authority: Bernalillo
Tax ID/APN: 101105706738620625
Zoning: R-2 - Residential Zone
Percent Occupied: 100%
Total Number of Buildings: 1
Property Condition: Good
Number of Stories: 2
Year Built: 1979
Roof Type: Flat
Construction/Siding: Stucco

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 19,192 132,341 219,918
Median Age: 32.69 32.22 33.01
Households: 6,689 46,640 80,041
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