6th & Silver Studios & Suites

Multi-Family for Sale
Catylist Listing ID: 28705091
Property Subtypes: Low-Rise/Garden
Number of Units: 8 Units
Building Size (RSF): 5,613 SF
Gross Land Area: 3,550 SF
Sale Price: $550,000
Unit Price: $68,750 Per Unit
Property Use Type: Investment
Building Name: 210-230 6th St SW
Sale Terms: Cash to Seller
Last Updated: 10/25/2017

Overview / Comments

Fabulous downtown location, recently renovated apartments, onsite caretaker, fast-track-high-density-development-friendly-zoning, great walk, bike and transit scores, all of which appeals to the millennial renter.

Don't wait - register for the property tour and confidential review documents at www.nmapartment.com/6thsilver

Owner/Agent.

Financials

Finance Data Year 2013
Potential Rental Income $81,025 (Annual)
Net Operating Income $42,475 (Annual)
Gross Operating Income $64,880 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: Downtown
Taxing Authority: Bernalillo
Tax ID/APN: 1-014-057-092378-22301
Percent Occupied: 100%
Market Type: Medium
Side of Street: Northeast
Road Type: Paved
Airports: ABQ
Area Description: Located in fabulous Downtown 2010 plan - includes Business Improvement District serviced by the Downtown Action Team.
Total Number of Buildings: 1
Property Condition: Good
Number of Stories: 2
Year Built: 1920
Roof Type: Gable
Construction/Siding: Brick, Wood Frame
Parking Description: No onsite parking - Landlord rents 2 spaces for 2 residents on lot directly east.
Laundry: Laundromat Nearby
Heat Type: Electricity
Fuel: Gas
Air Conditioning: Evaporative Cooler
Interior Description: Recently renovated interiors in 4 units - very upscale!
Zoning Description: Downtown 2025 (formerly 2010 zoning is form based code with fast tracked approval process

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 16,310 115,990 288,010
Median Age: 37.05 34.34 34.67
Households: 7,645 47,389 116,278

Contact

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