Value-Add Apartment Compound

Multi-Family for Sale
Catylist Listing ID: 30737525
Property Subtypes: Duplex/Fourplex, Low-Rise/Garden
Number of Units: 10 Units
Building Size (RSF): 7,740 SF
Gross Building Area: See Agent
Gross Land Area: 0.57 Acres
Sale Price: $500,000
Unit Price: $50,000 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 6.9%
Last Updated: 9/20/2021

Overview / Comments

Units: 10
Type of Units: ƒ 8 - ±720 SF 1-Bed/1-Bath; 2 - ±990 SF 2-Bed/1 Bath
Total SF: ±7,740 SF
Land: ±0.57 Acres
Parking: Shared Private Lot

The five structures are well situated and have tremendous cash-flow potential. Four of the five structures have private courtyards for tenants and all units are separately metered for electrical utilities. The two-bedroom units have in-unit full washers and dryers.

The property is a 0.4 mile drive north of Kirtland Air Force Base and Max Q,
the 70-acre mixed-use development. The VA Medical Hospital is a 1.4 mile
drive southeast of 1305-1321 San Mateo Blvd. SE.

Attachments & Media

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: University
Tax ID/APN: 101705652911842509
Zoning: R-ML - Residential: Multi-family Low Density

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 17,511 99,167 254,762
Median Age: 38.61 34.73 36.67
Households: 8,573 44,095 110,870


Photograph of Listing Agent

Sarah Raboff

NAI SunVista CARNM CIE Member
Photograph of Listing Agent

James A Wible, CCIM

NAI SunVista CARNM CIE Member
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