Remodeled Four-plex

Multi-Family for Sale
Sale Pending
Catylist Listing ID: 30742498
Property Subtypes: Duplex/Fourplex
Status: Pending
Number of Units: 4 Units
Building Size (RSF): 3,644 SF
Gross Building Area: See Agent
Sale Price: $375,000
Unit Price: $93,750 Per Unit
Property Use Type: Investment
Building Name: Remodeled Four-Plex
Sale Terms: Cash to Seller
Cap Rate: 5.1%
Average Occupancy Rate: 100
Last Updated: 7/4/2021

Overview / Comments

Beautifully remodeled four-plex perfect for an owner occupant who wants to live for practically free. Remodel includes new windows, synthetic stucco, hard-surface flooring throughout all units, granite counters in kitchen, new appliances including washer and dryer, new lighting, new vanities, toilets, paint, some new hot water heaters and furnaces. Other improvement include new plumbing throughout complex, new evaporative coolers, new landscaping. Wrought iron security gate is also new. 100% leased. This property is part of a 50 unit package.

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: Southeast
Tax ID/APN: 101805612123132306
Zoning: R-ML - Residential: Multi-family Low Density
Percent Occupied: 100%
Property Located Between: San Mateo and Kathryn
Highway Access: I-40
Airports: Albuquerque International
Total Number of Buildings: 1
Property Condition: Excellent
Number of Stories: 2
Year Built: 1972
Year Renovated: 2019
Roof Type: Flat
Construction/Siding: Wood Frame
Exterior Description: Synthetic stucco, landscaped yards, wrought iron security gate
Parking Ratio: 1.5 (per 1000 SF)
Parking Type: Surface
Parking Description: Paved lot
Total Parking Spaces: 6
Laundry: In Each Unit
Heat Type: Natural Gas
Heat Source: Central
Fuel: Gas
Air Conditioning: Evaporative Cooler
Internet Access: Cable
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities
Legal Description: LOT 023 BLK 004 MELENDRES SUBD

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 19,213 104,522 265,114
Median Age: 36.54 35.25 37.05
Households: 9,245 46,801 116,174


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