Quality NE Four Plex - 100% Occupied

Multi-Family for Sale
Sale Pending
Catylist Listing ID: 30344258
Property Subtypes: Duplex/Fourplex
Status: Pending
Number of Units: 4 Units
Building Size (RSF): 2,772 SF
Sale Price: $164,995
Unit Price: $41,248.75 Per Unit
Property Use Type: Investment
Usable Size (USF): 2,772 SF
Sale Terms: Cash to Seller
Cap Rate: 8.18%
Average Occupancy Rate: 100
Gross Rent Multiplier: 6.96
Last Updated: 11/25/2018

Overview / Comments

Kyle Berkshire with T&C Management and Brokerage brings to the market an exceptional Brick built 4-Plex in great rental area with 100% Occupancy. Walking distance to La Mesa Elementary School and local bus stops, current Walk Score 69 with a Bike Score of 57. Currently below market rents, great upside for new owner!

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Financials

Finance Data Year 2017
Real Estate Taxes - Annual($) $1,412 (Annual)
Potential Rental Income $28,800 (Annual)
Gross Operating Income $22,515 (Annual)
Net Operating Income $13,503 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: Southeast
Tax ID/APN: ABQ152186
Zoning: R-MH - Residential: Multi-family High Density
Percent Occupied: 100%
Total Number of Buildings: 1
Property Condition: Average
Number of Stories: 1
Year Built: 1965
Construction/Siding: Brick
Parking Type: Surface
Heat Type: Natural Gas
Heat Source: Central
Fuel: Gas
Air Conditioning: Evaporative Cooler
Interior Description: Charming interiors with wood floors and tile throughout. Property consists of Two (2Bed 1Bath - 832 SqFt) units and Two (1Bed 1Bath - 554 SqFt) units.
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 22,124 143,432 285,421
Median Age: 31.65 37.59 37.56
Households: 8,335 63,218 125,617

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