San Pedro Duplex

Multi-Family for Sale
Sale Pending
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: 9/14/2020

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

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

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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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