10-Unit Multifamily Property For Sale

Multi-Family for Sale
Catylist Listing ID: 30322709
Property Subtypes: Low-Rise/Garden
Number of Units: 10 Units
Building Size (RSF): 3,000 SF
Gross Building Area: See Agent
Gross Land Area: 0.16 Acres
Sale Price: $495,000
Unit Price: $49,500 Per Unit
Property Use Type: Investment
Sale Terms: Undisclosed
Cap Rate: 6.71%
Last Updated: 9/19/2018

Overview / Comments

Units: 10
Average Size: ±265 SF
Type of units: 8 - Studios
2 - One bedroom/One bath

Land: ±0.163 Acres

On behalf of the owner, NAI Maestas and Ward is please to present this opportunity to a well maintained and partially remodeled 10-unit apartment complex in the university area of Albuquerque.
The property boasts many recent updates including a new roof, cooling units and tile throughout. Each 1-bedroom unit is ±325 SF and each studio is ±250 SF.

The property has not been available for sale in over 25 years, making this a once in a life-time opportunity to own a quality investment property in a stable, vibrant and historical area of town.

The property is situated 3 blocks from the University of New Mexico, and walking distance to many restaurants, parks and retail stores. The area has historically low vacancy, and the property’s updates and quiet setting provide tenants with a pleasant rental experience. Unique to the property is the ability to park 12 cars on site.

Attachments & Media

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: University
Tax ID/APN: ABQ153308
Zoning: R-ML - Residential: Multi-family Low Density

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 19,865 112,907 276,076
Median Age: 33.12 35.67 36.77
Households: 8,947 51,285 117,869


Photograph of Listing Agent

Steve O Kraemer

NAI Maestas & Ward CARNM CIE Member
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