Catylist ID:
#30574498
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 |
Attachments & Media
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 |
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 |
© Copyright 2001-2020 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Commercial Association of REALTORS® - New Mexico nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions. |