Fourhills Fourplex

Multi-Family for Sale
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: $219,800
Unit Price: $54,950 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 7.7%
Average Occupancy Rate: 100
Gross Rent Multiplier: 7.63
Last Updated: 11/17/2020

Overview / Comments

On behalf of the owner, NM Apartment Advisors and Deacon Property Services is pleased to present this 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.

Timeline:
Register for the confidential information and hold your seat for the Zoom meeting – deadline to register at www.nmapartment.com/western304 is noon on Wednesday, December 2nd, 2020
Attend the zoom meeting at noon on Wednesday, December 2nd, and learn about the property from the property manager, market overview from the listing brokers, and financing update.
Tour the property online
Review the financials
Learn the latest from capital markets
Make an offer – offer deadline is noon Friday, December 3rd, 2020.

At the ask price of $219,800 and an average rent of $600 the measure of investment performance include a GRM of 7.63, a CAP rate of 7.70% (before reserves), a price per unit of $54,950 a price per square foot of $63.97 an after tax IRR of 19.50%.

If rents were to be raised to market of $686, the measures of investment performance improve to a GRM of 6.68, and a cap rate of 9.20% (before reserves).

The market comparable sales indicate a value of $250,526.

The 20 page property flyer with APOD, rents, expenses, photos and more at http://www.nmapartment.com/apt/NMAA-Western304SE.pdf

The Albuquerque fourplex inventory is rapidly being depleted – do not miss out!

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%

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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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