Courtyard triplex

Multi-Family for Sale
Sale Pending
Catylist Listing ID: 30724188
Property Subtypes: Duplex/Fourplex
Status: Pending
Number of Units: 3 Units
Building Size (RSF): 1,688 SF
Gross Land Area: 0.15 Acres
Sale Price: $162,500
Unit Price: $54,166.67 Per Unit
Property Use Type: Investment
Usable Size (USF): 1,688 SF
Sale Terms: Cash to Seller
Cap Rate: 5.85%
Average Occupancy Rate: 100
Gross Rent Multiplier: 9.53
Last Updated: 5/3/2021

Overview / Comments

NM Apartment Advisors is excited to have listed this brick courtyard triplex with garage near Ta-Lin International market, Expo NM and KAFB. Located at 408 Pennsylvania SE and across the street of the Trumbull area community center and park.

The property contains 2 one bedroom units, and a studio unit + a detached garage. The owner has installed a new roof (2012) and sewer/plumbing lines (2011).

Offered at the $162,500 and an average rent of $498 the measure of investment performance include a GRM of 9.53, a CAP rate of 5.85% (before reserves), a price per unit of $54,167 a price per square foot of $96.27 an after-tax IRR of 16.60%.

The 12 page property flyer with APOD, rents, expenses, floorplans, inspection summary, photos and more at http://www.nmapartment.com/apt/NMAA-Penn408SE.pdf

Additional documentation on this property is available to investors who complete the online confidentially agreement at http://www.nmapartment.com/penn408

Do not wait – with 29% historical appreciation in the fourplex market, and more PENDING listings than available, this one is not likely to be on the market very long.

Thanks,
Todd Clarke CCIM CIPs
CEO
NM Apartment Advisors Inc.
(505) 440-TODD

PS: did you know double digit rent growth is in Albuquerque’s future – recent employment expansion is driving unparalleled demand for rental properties – review the complete presentation at http://www.nmapartment.com/zoomforecast2021

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: Southeast
Taxing Authority: Bernalillo County
Tax ID/APN: 101905628444611114

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 28,781 134,015 260,655
Median Age: 30.81 37.43 37.37
Households: 10,615 58,837 114,960

Contact

© Copyright 2001-2020 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Commercial Association of REALTORS® - New Mexico nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.