RARE NORTHEAST FOURPLEX

Multi-Family for Sale
Sale Pending
Catylist Listing ID: 30126973
Property Subtypes: Duplex/Fourplex
Status: Pending
Number of Units: 4 Units
Building Size (RSF): 3,678 SF
Gross Land Area: 8,612 SF
Sale Price: $328,000
Unit Price: $82,000 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 8.0%
Average Occupancy Rate: 98
Last Updated: 7/22/2017

Overview / Comments

FINALLY!! THERE'S A FOURPLEX FOR SALE IN THE NORTHEAST. AND THE HARD WORK IS ALREADY DONE! INTHE LAST FIVE YEARS, NEW ROOF, NEW WINDOWS, NEW STUCCO, FOUR NEW COOLERS, THREE NEW FURNACES, A HOT WATER HEATER AND SOME APPLIANCES.
THIS ONE IS A BEAUTY. FOUR TOWNHOUSE UNITS WITH BACKYARDS, VIEWS AND PLENTY OF PARKING. THREE TOWNHOUSES ARE 800 SQ FT +, WITH WASHER DRYER HOOKUPS, AND THE FOURTH TOWNHOUSE IS 1200 SQ FT +, ALSO WITH W/D HOOKUPS. LOCATED IN A LITTLE CLUSTER OF 22 TRI-PLEXES AND FOUR-PLEXES JUST OFF TRAMWAY, THE AREA ATTRACTS SOLID, LONG-TERM TENANTS. IT'S CLOSE TO SHOPPING, SCHOOLS, AND ITS A QUICK SHOT DOWN TRAMWAY TO I-40, OR NORTH TO PASEO DEL NORTE. TENANTS PAY GAS AND ELECTRIC. THE ROOF IS FIVE YEARS OLD AND UNDER WARRENTY. DO NOT DISTURB TENANTS!!

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: Far Northeast
Tax ID/APN: ABQ55290
Zoning: R-2 - Residential Zone
Percent Occupied: 100%
Property Located Between: TRAMWAY AND MANITOBA
Highway Access: SOUTH DOWN TRAMWAY TO I-40, OR NORTH ON TRAMWAY TO PASEO DEL NORTE
Site Description: LEVEL HILLTOP
Area Description: HIGHER PRICED SINGLE FAMILY HOMES
Total Number of Buildings: 1
Property Condition: Good
Number of Stories: 2
Year Built: 1979
Year Renovated: 2011
Roof Type: Flat
Construction/Siding: Stucco
Parking Type: Surface
Parking Description: PAVED PARKING LOT
Total Parking Spaces: 8
Laundry: In Each Unit
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Fuel: Gas
Air Conditioning: Evaporative Cooler
Internet Access: Cable
Interior Description: TOWNHOUSE UNITS
Zoning Description: R-2
Lot Frontage: 100
Lot Depth: 86
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities
Land Ownership: FEE SIMPLE
Legal Description: A 001REVISED THE NEW HOLIDAY PARK PARTS 5&6 SUB-DIVISION O F TR B

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,006 96,978 236,565
Median Age: 45.95 43.43 40.78
Households: 5,416 43,234 103,601

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