Catylist ID: #30724188
Multi-Family for Sale
|Catylist Listing ID:||30724188|
|Number of Units:||3 Units|
|Building Size (RSF):||1,688 SF|
|Gross Land Area:||0.15 Acres|
|Unit Price:||$54,166.67 Per Unit|
|Property Use Type:||Investment|
|Usable Size (USF):||1,688 SF|
|Sale Terms:||Cash to Seller|
|Average Occupancy Rate:||100|
|Gross Rent Multiplier:||9.53|
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.
Todd Clarke CCIM CIPs
NM Apartment Advisors Inc.
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
Attachments & Media
|Taxing Authority:||Bernalillo County|
|Proximity:||1 mile||3 miles||5 miles|
Todd ClarkeNM Apartment Advisors, Inc. CARNM CIE Member
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