Multi-Family 7 Contiguous Buildings (28 units)

Multi-Family for Sale
Catylist Listing ID: 30757274
Property Subtypes: Duplex/Fourplex
Number of Units: 28 Units
Building Size (RSF): 2,908 SF
Gross Building Area: See Agent
Sale Price: $2,600,000
Unit Price: $92,857.14 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 5.6%
Average Occupancy Rate: 100
Last Updated: 9/13/2021

Overview / Comments

Brand new to market!!! Excellent property management in place and many units recently remodeled in 2020. A total of seven contiguous fourplex buildings, combined for 28 multi-family units with stable tenancy and positive cash flow in place. Private courtyards adjacent to each building with plenty of greenery from trees and gardens. Locking entry gates at each end of the courtyards provide privacy and security. Low maintenance properties with everything in place, including professional management and pre-qualified tenancy. Includes a total of seven 1-bedroom 1-bath units and twenty-one 2-bedroom 1-bath units. All units have washer and dryer hookups inside.

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: Southeast
Tax ID/APN: 101805627222342521
Total Number of Buildings: 7
Property Condition: Good
Number of Stories: 1
Year Built: 1974
Laundry: In Each Unit
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 20,331 109,183 266,898
Median Age: 35.13 35.77 37.12
Households: 9,335 48,481 116,810

Contact

Photograph of Listing Agent

Mark Thompson

C&S Real Estate and Development LLC
CARNM CIE Member
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