Remodeled Fourplex

Multi-Family for Sale
Catylist Listing ID: 30744956
Property Subtypes: Low-Rise/Garden
Number of Units: 4 Units
Building Size (RSF): 2,600 SF
Gross Building Area: See Agent
Sale Price: $375,000
Unit Price: $93,750 Per Unit
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: 5.6%
Average Occupancy Rate: 100
Last Updated: 7/21/2021

Overview / Comments

Beautifully remodeled four-plex with plenty of room to increase rents. Remodel includes new TPO roof, new windows, synthetic stucco, hard-surface flooring throughout all units, new lighting, new vanities, toilets, paint, some new hot water heaters and furnaces. Other improvement include updated electrical, new evaporative coolers, new landscaping, and washer and dryers. Wrought iron security fence with coded entry is also new. Each unit has private courtyard. This property is part of a 42 unit package. See attachment for more details.

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: Southeast
Tax ID/APN: 101905610544221316
Zoning: R-ML - Residential: Multi-family Low Density
Percent Occupied: 100%
Property Located Between: Louisiana and Wyoming
Highway Access: I-40
Airports: Albuquerque International
Total Number of Buildings: 1
Property Condition: Excellent
Number of Stories: 1
Year Built: 1960
Year Renovated: 2020
Roof Type: Flat
Construction/Siding: Wood Frame
Exterior Description: Synthetic stucco
Parking Type: Surface
Parking Description: Asphalt surface with parking blocks
Total Parking Spaces: 4
Laundry: In Each Unit
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Wall Units
Fuel: Gas
Air Conditioning: Evaporative Cooler
Internet Access: Cable
Interior Description: All solid surface flooring.
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities
Legal Description: LOT 004 BLK 013 EMIL MANN ADDN

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 30,933 123,888 270,487
Median Age: 32.37 37.09 37.37
Households: 12,350 54,699 118,748


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