Four Fruit

Multi-Family for Sale
Catylist Listing ID: 30348097
Property Subtypes: Duplex/Fourplex
Number of Units: 4 Units
Building Size (RSF): 2,565 SF
Gross Land Area: 0.18 Acres
Sale Price: $385,500
Unit Price: $96,375 Per Unit
Property Use Type: Investment
Building Name: Four Fruit
Usable Size (USF): 2,565 SF
Sale Terms: Cash to Seller
Cap Rate: 5.0%
Average Occupancy Rate: 100
Gross Rent Multiplier: 11.31
Last Updated: 11/7/2018

Overview / Comments

NM Apartment Advisors is very excited to bring to market this fourplex is located in Downtown Albuquerque at 715 Fruit NW, this property has a high walk (88), bike (71), and transit (57) scores.

The property's is walking distance to the central business district.

At the ask price of $385,500 and an average rent of $710, the measure of investment performance include a GRM of 11.31, a CAP rate of 5.24%, a price per unit of $96,375, a price per square foot of $150.29 a before tax IRR of 11.10%.

If rents were raised to market of $751, the measure of investment performance improve to a cap rate of 5.54%.

Clients and their brokers can view the online virtual tour at http://www.nmapartment.com/715fruit3d

Attachments & Media

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: Downtown
Taxing Authority: Bernalillo
Tax ID/APN: 101405807412032804
Zoning: R-ML - Residential: Multi-family Low Density
Percent Occupied: 100%
Property Condition: Good
Number of Stories: 1
Year Built: 1916
Roof Type: Gable
Total Parking Spaces: 4

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,802 115,195 294,808
Median Age: 38.65 34.49 34.89
Households: 6,797 47,360 118,968

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