Becker Multi-Family Portfolio 106 units

Multi-Family for Sale
Catylist Listing ID: 30454070
Property Subtypes: Duplex/Fourplex, Low-Rise/Garden
Number of Units: 106 Units
Building Size (RSF): 76,885 SF
Gross Building Area: See Agent
Sale Price: $4,295,000
Unit Price: $40,518.87 Per Unit
Property Use Type: Investment
Sale Terms: Owner Financing
Cap Rate: 6.8%
Average Occupancy Rate: 9,898
Gross Rent Multiplier: 7.18
Last Updated: 7/5/2019

Overview / Comments

Portfolio of multi-family apartments and apt. townhomes. Sold as a package only under this current listing price. Addresses and units as follows:
1212 Aztec 24 apartment units 100% occupancy
303 Alvarado SE 42 townhome apartments 92.9% occupancy
310-312 Charleston SE 8 apartments and 1 single family home 100% occupied
544 Charleston SE 15 apartment units 100% occupied
208 Mescalero NW 12 apartment units 100% occupied
344 Charleston NE 4 apartment units 100% occupied

Owner financing: 20% down 6% int. 24-month interest only 30-year amort. 10-year call.
Property management company conveys with sale. Associated fees included in the OP/EX.

Financials

Finance Data Year 2019
Potential Rental Income $598,056 (Annual)
Net Operating Income $292,145 (Annual)
Actual or Proforma Year Actual
Lender Name Owner Financing
Loan Amount $3,436,000
Down Payment $859,000
Annual Debt Service $247,207 (Annual)
Interest Rate (APR) 6
Amortization Period 30

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: North Valley
Tax ID/APN: 101406147910641002
Percent Occupied: 9,898%
Total Number of Buildings: 7
Number of Stories: 2
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,323 96,435 327,095
Median Age: 38.14 38.55 36.83
Households: 4,149 41,759 138,737

Contact

Photograph of Listing Agent

Tim Lopez

KW Commercial CARNM CIE Member
Photograph of Listing Agent

Dustin Gudelj

KW Commercial CARNM CIE Member
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