Very Unique 4 - Plex + Home In Charming Martineztown

Multi-Family for Sale
Catylist Listing ID: 30340457
Number of Units: 5 Units
Building Size (RSF): 4,927 SF
Gross Building Area: 5,182 SF
Gross Land Area: 0.22 Acres
Sale Price: $495,000
Unit Price: $99,000 Per Unit
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller, Other
Cap Rate: 6.92%
Average Occupancy Rate: 98
Last Updated: 10/15/2018

Overview / Comments

Owner/Broker with T&C Management and Brokerage, bring to the market a one of a kind investment opportunity - One 4bed 3bath house + fourplex located in historic Martineztown, just south of EDO, East of Innovation District in Downtown Albuquerque. Property has a high walk score (82), transit score (57), and bike score (84). Great opportunity for owner to occupy house and manage units for income, or take advantage of below market rents with an increase in performance. Walking distance to nearby park, local businuesses, hospitals, and public schools. Property currently 100% Occupied, see APOD for financial data.

Financials

Finance Data Year 2017
Real Estate Taxes - Annual($) $2,173 (Annual)
Potential Rental Income $54,084 (Annual)
Gross Operating Income $49,098 (Annual)
Net Operating Income $34,240 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: Downtown
Tax ID/APN: 101405745752914004
Percent Occupied: 100%
Total Number of Buildings: 3
Property Condition: Good
Number of Stories: 2
Year Built: 1944
Construction/Siding: Stucco
Parking Type: Other
Parking Description: Gated courtyard for 6 + Street Parking
Total Parking Spaces: 6
Laundry: Shared
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central, Wall Units
Fuel: Gas
Air Conditioning: Evaporative Cooler, Window Unit
Zoning Description: R-1C*
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 16,077 120,902 301,336
Median Age: 33.59 35.72 35.64
Households: 7,673 51,986 124,571

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