Utah Remodeled Triplex

Multi-Family for Sale
Catylist Listing ID: 30749112
Property Subtypes: Duplex/Fourplex
Number of Units: 3 Units
Building Size (RSF): 2,259 SF
Gross Building Area: See Agent
Sale Price: $265,000
Unit Price: $88,333.33 Per Unit
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: 6.04%
Average Occupancy Rate: 100
Last Updated: 7/21/2021

Overview / Comments

Beautifully remodeled triplex perfect for an owner occupant who wants to live for practically free or investor who is looking for a property with all the updating complete. Remodel includes recent roof, new windows, synthetic stucco, hard-surface flooring throughout all units, new lighting, new vanities, toilets, paint, two commercial hot water heaters and some new furnaces. Other improvements include updated electrical, new evaporative coolers, and coin-operated washer and dryer. Wrought iron security fence and gate are also new. Each unit has private courtyard. Plenty of room to increase rents. 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: 101905740837310421
Zoning: R-ML - Residential: Multi-family Low Density
Percent Occupied: 100%
Property Located Between: Lomas and Wyoming
Highway Access: I-40
Airports: Albuquerque International
Total Number of Buildings: 1
Property Condition: Excellent
Number of Stories: 1
Year Built: 1962
Year Renovated: 2018
Roof Type: Flat
Construction/Siding: Wood Frame
Exterior Description: Synthetic stucco exterior finish
Parking Ratio: 1.5 (per 1000 SF)
Parking Type: Surface
Total Parking Spaces: 45
Laundry: Shared
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Wall Units
Fuel: Gas
Air Conditioning: Evaporative Cooler
Internet Access: Cable
Interior Description: All units have solid surface flooring. Recent updates include applicant, bathroom, lighting, paint.
Water Service: Municipal
Sewer Type: Municipal
Easements: Electric Lines
Legal Description: Lot 33 Block 36 Mesa Verde

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 22,166 153,117 282,757
Median Age: 33.17 37.49 37.76
Households: 8,528 66,962 125,940

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