Far Northeast 4 Plex

Multi-Family for Sale
Sale Pending
Catylist Listing ID: 30466296
Property Subtypes: Duplex/Fourplex
Status: Pending
Number of Units: 4 Units
Building Size (RSF): 3,700 SF
Gross Building Area: 8,712 SF
Gross Land Area: 8,712 SF
Sale Price: $415,000
Unit Price: $103,750 Per Unit
Property Use Type: Investment
Usable Size (USF): 3,700 SF
Sale Terms: Cash to Seller
Cap Rate: 7.5%
Average Occupancy Rate: 95
Gross Rent Multiplier: 11
Last Updated: 9/6/2019

Overview / Comments

First time ever on the market 1 owner large 2 bedroom 1.5 bath town house style units. These very well maintained units feature individual court yards, single car garage per unit, fireplaces, galley kitchen and refrigerated air conditioning 2 by 6 construction. Currently rented at below market rents. Minimum market rent $925 not including garages.

Attachments & Media

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: Northeast
Tax ID/APN: 102205838906940409
Property Located Between: Juan Tabo & Tramway
Highway Access: Interstate 40
Airports: Albuquerque International Sunport
Total Number of Buildings: 2
Property Condition: Excellent
Number of Stories: 2
Year Built: 1978
Construction/Siding: Stucco
Parking Type: Structure, Surface
Parking Description: Individual and garage
Total Parking Spaces: 10
Laundry: In Each Unit
Sprinklers: None
Heat Type: Electricity
Heat Source: Heat Pump
Fuel: Electric
Air Conditioning: Package Unit
Internet Access: Cable
Zoning Description: R-MH old R-3
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities
Legal Description: T 2 BLK 2 OF GRANDVIEW HEIGHTS

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 21,048 115,586 221,498
Median Age: 39.17 39.02 39.61
Households: 9,303 48,958 98,281


Photograph of Listing Agent

Bill Reed

ABQ Properties CARNM CIE Member
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