Catylist ID:
#30751101
Owner Occupant Triplex with garages
Multi-Family
for Sale
Sale Pending
| Catylist Listing ID: | 30751101 |
| Property Subtypes: | Duplex/Fourplex |
| Status: | Pending |
| Number of Units: | 3 Units |
| Building Size (RSF): | 2,940 SF |
| Gross Land Area: | 0.19 Acres |
| Sale Price: | $406,126 |
| Unit Price: | $135,375.33 Per Unit |
| Property Use Type: | Investment |
| Usable Size (USF): | 2,940 SF |
| Sale Terms: | Cash to Seller |
| Cap Rate: | 5.76% |
| Average Occupancy Rate: | 100 |
| Gross Rent Multiplier: | 12.84 |
| Last Updated: | 5/6/2022 |
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. Thanks, Todd Clarke CCIM CIPs CEO NM Apartment Advisors Inc. (505) 440-TODD |
Attachments & Media
Additional Details
| Nearest MSA: | Albuquerque |
| County: | Bernalillo |
| Submarket/Township: | Southeast |
| Taxing Authority: | Bernalillo County |
| Tax ID/APN: | 101805612120732302 |
| Zoning: | R-MH - Residential: Multi-family High Density |
| Percent Occupied: | 100% |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 19,213 | 104,522 | 263,838 |
| Median Age: | 36.54 | 35.25 | 37 |
| Households: | 9,245 | 46,801 | 115,650 |
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