Pennsylvania Ln NE

Multi-Family for Sale
Sale Pending
Catylist Listing ID: 30730066
Property Subtypes: Duplex/Fourplex
Status: Pending
Number of Units: 4 Units
Building Size (RSF): 3,000 SF
Gross Land Area: 0.17 Acres
Sale Price: $300,000
Unit Price: $75,000 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 10.0%
Average Occupancy Rate: 95
Last Updated: 5/12/2021

Overview / Comments

Location, location, location!!! Great 4-Plex across from Sandia High School. Pictures are of Unit B which was just redone and is now rented for $850 with lease to 2/18/22. Unit C rented at $740 til 2/22/22. Other 2 are mo. to mo. Property self managed. Cap rate between 9 & 10% with proforma figures. Do not bother tenants. Write offers subject to inspection.

Financials

Finance Data Year 2021
Real Estate Taxes - Annual($) $2,817 (Annual)
Potential Rental Income $38,160 (Annual)
Gross Operating Income $36,252 (Annual)
Net Operating Income $30,408 (Annual)
Actual or Proforma Year Proforma

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: Northeast
Tax ID/APN: 101906023712530909

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 18,207 165,265 342,061
Median Age: 43.45 39.76 38.7
Households: 8,146 74,927 150,071

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