Catylist ID:
#30467440
| Catylist Listing ID: | 30467440 |
| Property Subtypes: | Duplex/Fourplex |
| Status: | Pending |
| Number of Units: | 2 Units |
| Building Size (RSF): | 1,300 SF |
| Gross Land Area: | 0.15 Acres |
| Sale Price: | $175,000 |
| Unit Price: | $87,500 Per Unit |
| Property Use Type: | Investment |
| Usable Size (USF): | 1,300 SF |
| Sale Terms: | Cash to Seller |
| Cap Rate: | 5.0% |
| Average Occupancy Rate: | 100 |
| Gross Rent Multiplier: | 11.67 |
| Last Updated: | 1/30/2021 |
Overview / Comments
|
NM Apartment Advisors is excited to have listed this fabulous owner occupant style duplex at 622-624 San Pedro SE with a good walk (77), bike (72), and transit (44) scores. (Did you know? Market trends demonstrate that high walk, bike or transit scores translates to 25% higher rents). Well decorated and maintained one bedroom units with upgrades and garages – not to mention hardwood floors, cabinet built-ins and so much more. At the ask price of $175,000 and an average rent of $625 the measure of investment performance include a GRM of 11.67, a CAP rate of 5.30%, a price per unit of $87,500, a price per square foot of $134.62 a before tax IRR of 12.50%. Clients and their brokers can view the online virtual tours at www.nmapartment.com/sanp6223d and www.nmapartment.com/sanp6243d 32 page property flyer with APOD, rents, expenses, floorplans, photos and more at http://www.nmapartment.com/apt/NMAA-SanPedro622SE.pdf |
Attachments & Media
Additional Details
| Nearest MSA: | Albuquerque |
| County: | Bernalillo |
| Submarket/Township: | Southeast |
| Taxing Authority: | Bernalillo |
| Tax ID/APN: | 101805627343311617 |
| Zoning: | MH - Residential Zone |
| Total Number of Buildings: | 2 |
| Number of Stories: | 1 |
| Year Built: | 1957 |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 26,283 | 120,409 | 278,919 |
| Median Age: | 36.38 | 36.31 | 37.06 |
| Households: | 12,025 | 53,218 | 122,336 |
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