* 8-11 Multi Unit 101 & 111 North 3rd St. Belen on 2 Lots!

Multi-Family for Sale
Sale Pending/Contingent
Catylist Listing ID: 30343857
Status: Pending/Contingent
Number of Units: 11 Units
Building Size (RSF): 6,500 SF
Gross Land Area: 0.22 - 0.47 Acres
Sale Price: $325,000
Unit Price: $29,545.45 Per Unit
Property Use Type: Investment
Building Name: Brooks Apartments
Usable Size (USF): 6,500 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/14/2020

Overview / Comments

@ 111 North 3rd, 4 TWO Bedroom Units on .22 Acre Lot Consisting of Approx. 3500 Sq Ft.. PLUS Anchored on each side is Carport Covered Parking areas. This unit has a recent roof and some mechanical updates.
@ 101 North 3rd, 4 ONE Bedroom Units on .25 Acre Lot & 3 Boarded Efficiencies'. Some Mechanical updates in place.

THESE MUST BE SOLD TOGETHER. 2 Separate Lots. Some units have Washer Dryer Hook ups. Separate Utility Meters for Units & 1 water meter per complex.

Possible Owner-user & Currently Under Valued with long term tenants month to month. The Belen Market is Hot ... Belen is on the Move..

Additional Details

Nearest MSA: Albuquerque
County: Valencia
Taxing Authority: Valencia
Tax ID/APN: 2 tax ids
Percent Occupied: 40%
Property Located Between: Downtown Belen Near Harvey House Jaramillo Tasting Room Rail Runner
Highway Access: Short trip to Camino Del Llano to I25
Airports: Belen Municipal
Area Description: Downtown Belen
Total Number of Buildings: 3
Property Condition: Fair
Number of Stories: 1
Year Built: 1962
Roof Type: Flat
Parking Type: Structure, Other
Parking Description: Covered Parking plus Street
Laundry: In Each Unit
Heat Type: Electricity, Natural Gas
Heat Source: Central, Wall Units
Fuel: Gas, Electric
Air Conditioning: Evaporative Cooler
Interior Description: Some Updates, Recent Roof on One Complex, the 2 Bedroom Units are LARGE
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,453 14,758 18,677
Median Age: 39.86 41.76 40.39
Households: 1,413 5,881 7,259
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