Catylist ID: #30574498
North Valley 6plex with Pool
Multi-Family for Sale
|Catylist Listing ID:||30574498|
|Number of Units:||6 Units|
|Building Size (RSF):||5,080 SF|
|Gross Land Area:||0.23 Acres|
|Unit Price:||$74,166.67 Per Unit|
|Property Use Type:||Investment|
|Usable Size (USF):||5,080 SF|
|Average Occupancy Rate:||100|
|Gross Rent Multiplier:||9.20|
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
NM Apartment Advisors Inc.
Attachments & Media
|Taxing Authority:||Bernalillo County|
|Zoning:||R-ML - Residential: Multi-family Low Density|
|Proximity:||1 mile||3 miles||5 miles|
Todd ClarkeNM Apartment Advisors, Inc. CARNM CIE Member
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