Catylist ID:
#30471265
| Catylist Listing ID: | 30471265 |
| Property Subtypes: | Duplex/Fourplex |
| Number of Units: | 4 Units |
| Building Size (RSF): | 3,436 SF |
| Gross Land Area: | 0.15 Acres |
| Sale Price: | $245,000 |
| Unit Price: | $61,250 Per Unit |
| Property Use Type: | Investment |
| Sale Terms: | Cash to Seller |
| Cap Rate: | 6.0% |
| Average Occupancy Rate: | 100 |
| Gross Rent Multiplier: | 8.75 |
| Last Updated: | 9/14/2020 |
Overview / Comments
|
NM Apartment Advisors is excited to have listed this fabulous Fourplex near Four Hills at 304 Western Skies SE. This property is well located within walking distance to a movie theater, two grocery stores, and a dozen restaurants and on the major loop for mass transit. Four by two bedroom one bathroom units with separate laundry rooms (in each apartment) and one of the units includes a fireplace. At the ask price of $245,000 and an average rent of $600 the measure of investment performance include a GRM of 8.51, a CAP rate of 6.90% (before reserves), a price per unit of $61,250 a price per square foot of $71.30 an after tax IRR of 17.80%. If rents were to be raised to market of $686, the measures of investment performance improve to a GRM of 7.44, and a cap rate of 8.20% (before reserves). The 16 page property flyer with APOD, rents, expenses, floorplans, photos and more at http://www.nmapartment.com/apt/NMAA-Western304SE.pdf Email listing broker for information on inspections. |
Attachments & Media
Additional Details
| Nearest MSA: | Albuquerque |
| County: | Bernalillo |
| Submarket/Township: | Southeast |
| Taxing Authority: | Bernalillo County |
| Tax ID/APN: | 102205618831910537 |
| Zoning: | MX-L - Mixed-use: Low Intensity |
| Percent Occupied: | 100% |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 18,905 | 89,289 | 199,443 |
| Median Age: | 34.46 | 37.81 | 38.65 |
| Households: | 8,009 | 37,269 | 87,751 |
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