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: | $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! |
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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