Vancouver 4

Multi-Family for Sale
Sale Pending
Catylist Listing ID: 30294574
Status: Pending
Number of Units: 4 Units
Building Size (RSF): 3,120 SF
Gross Land Area: 0.34 Acres
Sale Price: $22,700 - 227,000
Unit Price: $5,675 Per Unit
Property Use Type: Investment
Building Name: 648 Vancouver SE
Usable Size (USF): 3,120 SF
Sale Terms: Cash to Seller
Cap Rate: 6.2%
Average Occupancy Rate: 100
Gross Rent Multiplier: 7.88
Last Updated: 10/15/2018

Overview / Comments

Attractive pitched roof fourplex on Rio Rancho's westside. Nearer units embedded in residential neighborhood.

Measure of investment performance at actual rents of $600 - GRM of 7.88, cap rate of 6.20%, after tax IRR of 12.3%.

If rents are raised to market - measure of investment performance improve with market rents of $793 - GRM of 5.96, cap rate of 9.40%.

Additional Details

Nearest MSA: Albuquerque
County: Sandoval
Submarket/Township: Rio Rancho
Taxing Authority: Sandoval County
Tax ID/APN: 1009069282039
Percent Occupied: 100%
Total Number of Buildings: 1
Property Condition: Good
Number of Stories: 1
Year Built: 1998

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,357 44,664 115,554
Median Age: 34.37 33.11 34.94
Households: 1,979 15,498 42,546

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