Catylist ID: #30751101
Owner Occupant Triplex with garages
Multi-Family for Sale
|Catylist Listing ID:||30751101|
|Number of Units:||3 Units|
|Building Size (RSF):||2,940 SF|
|Gross Land Area:||0.19 Acres|
|Unit Price:||$135,375.33 Per Unit|
|Property Use Type:||Investment|
|Usable Size (USF):||2,940 SF|
|Sale Terms:||Cash to Seller|
|Average Occupancy Rate:||100|
|Gross Rent Multiplier:||12.84|
Overview / Comments
On behalf of the owner, NM Apartment Advisors is excited to bring to market this owner occupant quality triplex. Each unit is like its own self-contained patio home – each with a spacious two bedroom, one bathroom residences with their own utility/laundry room, refrigerated air conditioning, private backyard and one car garages with automatic openers.
This property has had only one owner since the original family built it. The property was originally built in 1964 by Carl Williams, a well-known developer. It has been well maintained and where possible, upgrades were done with an owner living on site.
The property is located just west of the Gibson entrance and northeast of the Truman gate to Kirtland Air Force Base and Sandia National laboratories.
With an average rent of $925, and at the list price of $406,216 the measures of investment performance include $135,405 per unit, $138.17 per square foot, a before reserves cap rates of 5.59%, and an after tax IRR of 17.00%.
If rents are moved to market of $1,000, measure of investment performance improve to a cap rate of 6.09% and a cash on cash of 8.02%
If you were to owner occupy, low interest rates and having two adjoining renters would drive your monthly rent down by 50% to an average of $623.
The 26 page flyer at http://www.nmapartment.com/apt/NMAA-941AlvaradoSE.pdf
Do not miss out on this rare opportunity to own a high-quality investment asset in an area surrounded by new employment and development opportunities.
Todd Clarke CCIM CIPs
NM Apartment Advisors Inc.
Attachments & Media
|Taxing Authority:||Bernalillo County|
|Zoning:||R-MH - Residential: Multi-family High Density|
|Proximity:||1 mile||3 miles||5 miles|
Todd ClarkeNM Apartment Advisors, Inc. CARNM CIE Member
|© Copyright 2001-2022 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.|