Adobe Rio Portrait of 8 Single Family Homes

Multi-Family for Sale
Catylist Listing ID: 30356243
Number of Units: 8 Units
Building Size (RSF): 15,371 SF
Gross Land Area: 62,126 SF
Sale Price: $1,676,951
Unit Price: $209,618.88 Per Unit
Property Use Type: Investment
Building Name: Adobe Rio Portfolio
Usable Size (USF): 15,371 SF
Sale Terms: Cash to Seller
Cap Rate: 5.05%
Average Occupancy Rate: 100
Last Updated: 12/4/2018

Overview / Comments

Portfolio of homes located in Albuquerque from the NW to the SW and in Rio Rancho.

All homes are rented ($995 to $1,575) and are available as a package for $1,676,951 or $209,619 and a 5.05% Cap Rate with professional management in place.

Property addresses include:
9694 Asbury Lane NW – 3/2 built in 19993 – 2,290 sf on lot of 15,599 sf – adjacent to Petroglyphs
9304 Clinton Anderson NW - 5/3 built in 1989 – 2,400 sf on lot of 6,599 sf
2617 Los Compadres NW – 4/2 built in 1978 – 1,551 sf on lot of 7,000 sf
2412 Vicic Road NW – 2/2 built in 1951, expanded in 2000s – 1,600 sf on lot of 6,970 (Rio Grande Frontage)
9019 Hidden Springs SW – 5/3 built in 2006 – 2,687 sf on lot of 6,233 sf
9204 Lower Meadows SW – 4/2 built in 2005 – 1,800 sf on lot of 5,349 sf
6247 Vaughn RR – 1,503 sf – newer construction
6739 Colorado RR – 1,540 sf on lot of 12,632 sf – walking distance to Rio Grande River

Garages in all homes except Vicic with has a car-port.

Seller desires one transaction to complete a 1031 exchange.

Attachments & Media

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: North Valley
Taxing Authority: Bernalillo
Tax ID/APN: Call LA
Property Condition: Good
Number of Stories: 2

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,826 108,756 270,876
Median Age: 43.17 37.13 34.78
Households: 4,897 45,451 107,314

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