501-507 S. Avenue G and 717-721 W. 5th Street

Multi-Family for Sale
Catylist Listing ID: 30680146
Property Subtypes: Duplex/Fourplex
Number of Units: 6 Units
Building Size (RSF): 4,800 SF
Gross Building Area: See Agent
Gross Land Area: 21,000 SF
Sale Price: $349,500
Unit Price: $58,250 Per Unit
In Opportunity Zone? Yes
Property Use Type: Investment
Building Name: University Apartments
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/20/2021

Overview / Comments

Major remodeled inside and out, currently leased and easy to manage. Six total units, comprised by three duplexes on the same property. Blocks away from ENMU make this an easy property to rent and manage. Remodel includes interior paint, new flooring (zero carpet!), new tile, new appliances, new cabinets and vanities, new thermal windows, new stucco and new TPO roofs on ALL UNITS.

APOD is attached with mostly actual numbers and some estimates. Just over $25,000 NOI translates to a 7.25% cap rate and a great property with tons of improvements recently completed inside and out!

Additional Details

Nearest MSA: Portales
County: Roosevelt
Tax ID/APN: 100000000528200
Total Number of Buildings: 3
Property Condition: Good
Number of Stories: 1
Roof Type: Flat
Exterior Description: New stucco on all units.
Parking Type: Surface
Parking Description: Carports
Heat Type: Electricity
Heat Source: Heat Pump
Air Conditioning: Package Unit
Interior Description: Fully remodeled--see overview/description.
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,516 12,755 15,315
Median Age: 28.04 28.54 29.52
Households: 3,487 4,728 5,656

Contact

Photograph of Listing Agent

Mark Thompson

C&S Real Estate and Development LLC
CARNM CIE Member
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