Cashflowing 4 plex

Multi-Family for Sale
Catylist Listing ID: 30380097
Property Subtypes: Duplex/Fourplex
Number of Units: 4 Units
Building Size (RSF): 3,264 SF
Gross Building Area: See Agent
Sale Price: $244,950
Unit Price: $61,237.50 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 7.73%
Average Occupancy Rate: 95
Last Updated: 3/14/2019

Overview / Comments

Cashflowing apartment building located in the south east heights of Albuquerque. Near Central Ave, so easy access to bus routes. Very good walkable property since it's near Sprouts, restaurants, and a shopping center.

All are 2 bed 1 bath spacious apartments at 816 sqft each.
Individually metered for gas and electric!
Room to raise rents slightly and increase overall income.
Shared laundry room on site. Not currently in operation but has hookups ready.

NEW ROOF 4 months ago!!!

Financials

Finance Data Year 2018
Real Estate Taxes - Annual($) $2,103 (Annual)
Tax Value Land $1,200
Gross Operating Income $36,000 (Annual)
Net Operating Income $18,927 (Annual)
Actual or Proforma Year Proforma

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: Southeast
Tax ID/APN: 102205627425320415
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1978
Roof Type: Flat
Construction/Siding: Wood Frame
Parking Type: Surface
Laundry: Shared
Heat Type: Natural Gas
Heat Source: Central
Fuel: Gas
Air Conditioning: Evaporative Cooler
Water Service: Municipal
Sewer Type: Municipal
Legal Description: *35 SINGIMG ARROW SUBD REPLAT OF TRACT J DORADO VILLAGE & LO TS 1 & 2 BLK H CAN

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 21,487 86,880 191,116
Median Age: 36.47 37.94 38.82
Households: 8,900 36,399 83,882

Contact

© Copyright 2001-2019 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Commercial Association of REALTORS┬« - New Mexico nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.