Catylist ID: #30348097
Multi-Family for Sale
|Catylist Listing ID:||30348097|
|Number of Units:||4 Units|
|Building Size (RSF):||2,565 SF|
|Gross Land Area:||0.18 Acres|
|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|
|Average Occupancy Rate:||100|
|Gross Rent Multiplier:||11.31|
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
|Zoning:||R-ML - Residential: Multi-family Low Density|
|Number of Stories:||1|
|Total Parking Spaces:||4|
|Proximity:||1 mile||3 miles||5 miles|
Todd ClarkeNM Apartment Advisors, Inc. CARNM CIE Member
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