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 |
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