UNM/CNM Stanford - 2 rental houses

Multi-Family for Sale
Catylist Listing ID: 30319537
Property Subtypes: Duplex/Fourplex
Number of Units: 2 Units
Building Size (RSF): 1,750 SF
Gross Land Area: 0.16 Acres
Sale Price: $250,992
Unit Price: $125,496 Per Unit
Property Use Type: Investment
Usable Size (USF): 1,750 SF
Sale Terms: Cash to Seller
Cap Rate: 6.31%
Last Updated: 1/25/2019

Overview / Comments

Large recently renovated residence in the front + rental house in the rear.

Located a few hundred steps from UNM the property has high walk (81), Transit (48) and Bike scores (96).

Gleaming hard wood floors, built ins: niches, bookshelves, linen closets and dish shelves speak to the 1920s vintage and quality of the residence. Virtual tour of front residence at www.nmapartment.com/stanford317

Measures of investment performance include: at average rent of $963 a month, 10.87 GRM, 6.30% Cap rate, 13.40% IRR before tax, 10.50% IRR after tax.

Disclosure: co-listing broker is related to owner.

Property is being sold using the BID process - tour date is 8/29 at 5pm- RSVP at www.nmapartment.com/stanford317 with an offer deadline of 5pm (MST) on 8/30/2018.

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: University
Taxing Authority: Bernalillo
Tax ID/APN: 101605709812231405
Zoning: R-ML - Residential: Multi-family Low Density
Number of Stories: 1
Year Built: 1926

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 18,296 109,464 277,876
Median Age: 30.23 36.01 36.4
Households: 8,298 49,860 117,414


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