Adams Duplex

Multi-Family for Sale
Catylist Listing ID: 30180403
Property Subtypes: Duplex/Fourplex
Number of Units: 2 Units
Building Size (RSF): 2,155 SF
Gross Land Area: 0.15 Acres
Sale Price: $250,682
Unit Price: $125,341 Per Unit
Property Use Type: Investment
Building Name: Adams Duplex
Usable Size (USF): 2,155 SF
Sale Terms: Cash to Seller
Cap Rate: 6.8%
Gross Rent Multiplier: 10.99
Last Updated: 5/24/2018

Overview / Comments

Amazing gem of Duplex located just east of UNM, north of Nob-Hill and within walking distance of the Sprouts supermarket and short hop to Los Cuates and its world famous sweet and hot salsa!

Tucked in a high appreciation, neighborhood of mostly single family homes built in 1940-50’s. The property contains a small unit in the front, a larger unit in the rear, and a shared laundry room between the

Measurements of investment performance based on actual historical rents of $950 per unit, 6.00% CAP rate, a12.00% before tax IRR, and 15.10% after tax IRR. Please note units are currently vacant and ready for your buyer to occupy.

Tour postponed until January 2018.

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: University
Taxing Authority: Bernalilo
Tax ID/APN: 1-017-058-309024-40224
Zoning: R-2 - Residential Zone

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 19,405 140,477 308,361
Median Age: 41.06 35.67 37.61
Households: 9,810 62,227 135,200

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