Catylist ID: #30471265
Multi-Family for Sale
|Catylist Listing ID:||30471265|
|Number of Units:||4 Units|
|Building Size (RSF):||3,436 SF|
|Gross Land Area:||0.15 Acres|
|Unit Price:||$54,950 Per Unit|
|Property Use Type:||Investment|
|Sale Terms:||Cash to Seller|
|Average Occupancy Rate:||100|
|Gross Rent Multiplier:||7.63|
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.
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!
Attachments & Media
|Taxing Authority:||Bernalillo County|
|Zoning:||MX-L - Mixed-use: Low Intensity|
|Proximity:||1 mile||3 miles||5 miles|
Todd ClarkeNM Apartment Advisors, Inc. CARNM CIE Member
|© Copyright 2001-2020 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Commercial Association of REALTORS® - New Mexico nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.|