Major Value Add Multi Family Opportunity in North Valley

Multi-Family for Sale
Catylist Listing ID: 30725542
Property Subtypes: Low-Rise/Garden, Mobile Home Park, Other
Number of Units: 13 Units
Building Size (RSF): 5,360 SF
Gross Building Area: See Agent
Gross Land Area: 0.79 Acres
Sale Price: $399,500
Unit Price: $30,730.77 Per Unit
Property Use Type: Investment
Building Name: 120 Candelaria Multi Family
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 9/23/2021

Overview / Comments

Hi Brokers,

Major value-add opportunity in fantastic North Valley location! Property comprised of a 6 unit apartment complex, duplex, single family home, large detached garage with 2 bays, and 3 RV spaces totaling 13 income producing units which are below market rent.

Recent upgrades includes patching stucco on the 8 plex and painted the exterior in its entirety and remodeled 3 interior units of apartments.

For APOD, rent roll, and/or any questions, please contact me at 505-803-0387.

The listing broker is the Owner/Broker of this property.

Thank you,

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: North Valley
Tax ID/APN: 101406047806540628
Zoning: MX-M - Mixed-use: Moderate Intensity
Percent Occupied: 100%
Property Located Between: Candelaria Rd NW & 2nd St NW
Total Number of Buildings: 4
Property Condition: Average
Number of Stories: 1
Year Built: 1946
Year Renovated: 2020
Roof Type: Flat
Construction/Siding: Stucco
Parking Type: Surface
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Wall Units
Air Conditioning: Evaporative Cooler
In Flood Plain?: Yes
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,813 103,186 329,962
Median Age: 36.29 37.27 36.38
Households: 3,154 46,201 138,239


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