North Valley 6plex with Pool

Multi-Family for Sale
Catylist Listing ID: 30574498
Property Subtypes: Low-Rise/Garden
Number of Units: 6 Units
Building Size (RSF): 5,080 SF
Gross Land Area: 0.23 Acres
Sale Price: $445,000
Unit Price: $74,166.67 Per Unit
Property Use Type: Investment
Usable Size (USF): 5,080 SF
Sale Terms: Undisclosed
Cap Rate: 5.99%
Average Occupancy Rate: 100
Gross Rent Multiplier: 9.20
Last Updated: 1/1/2021

Overview / Comments

NM Apartment Advisors is very excited to bring to back market this six-unit family hacienda style compound property located in Albuquerque North Valley’s. Located at 4619 9th NW, this property has a good walk (52), bike (65), and transit (32) scores.

Owned by the same family for four decades, this six plex has one studio, four one bedroom units, a two bedroom unit, laundry and swimming pool.

Based on current increases the ask price of $445,000, and an average rent of $576, the measure of investment performance include a GRM of 9. 02, a CAP rate of 5.99%, a price per unit of $63,571, a price per square foot of $110.53 a before tax IRR of 18.10% and an after tax IRR of 14.60%.

Although the property needs some work, the location can not be beat and it offers the converting some storage areas/spaces into an additional unknit.

Flyer, Property info and APOD at http://www.nmapartment.com/apt/NMAA-401-9th-NW.pdf

Thanks and Happy new years!
Todd Clarke CCIM CIPs
CEO
NM Apartment Advisors Inc.
(505) 440-TODD

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: North Valley
Taxing Authority: Bernalillo County
Tax ID/APN: 101406126401430507
Zoning: R-ML - Residential: Multi-family Low Density

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,334 93,317 328,742
Median Age: 41.61 38.97 36.32
Households: 5,958 40,074 137,604

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