Quality 16-Plex Investment

Multi-Family for Sale
Catylist Listing ID: 30384133
Property Subtypes: Low-Rise/Garden
Number of Units: 16 Units
Building Size (RSF): 12,000 SF
Gross Building Area: See Agent
Sale Price: $852,500
Unit Price: $53,281.25 Per Unit
Property Use Type: Investment, Vacant/Owner-User
Building Name: Aztec Manor
Sale Terms: Cash to Seller
Cap Rate: 7.5%
Last Updated: 6/28/2019

Overview / Comments

• 16 - Unit Multifamily Investment Property

• 7.5% CAP Rate (Pro Forma)

• Two unit types evenly spread between upper and lower floors:
(8) 2-Bed/1-Bath 
(8) 1-Bed/1-Bath 

• On-site coin laundry facility

• Secured parking

• Very little deferred maintenance

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: North Valley
Tax ID/APN: 101406035324041803
Zoning: MX-M - Mixed-use: Moderate Intensity
Percent Occupied: 100%
Highway Access: Quick access to I-40.
Total Number of Buildings: 2
Property Condition: Excellent
Number of Stories: 2
Year Built: 1977
Parking Type: Surface
Parking Description: Wrought iron fence with gate.
Laundry: Shared
Air Conditioning: Evaporative Cooler

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,357 97,906 314,359
Median Age: 38.78 37.8 36.44
Households: 5,483 42,243 132,239


Photograph of Listing Agent

Steve O Kraemer

NAI Maestas & Ward CARNM CIE Member
Photograph of Listing Agent

Isaac Romero

NAI Maestas & Ward CARNM CIE Member
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