Yucca House Apartments, 20 units.

Multi-Family for Sale
Catylist Listing ID: 30662905
Property Subtypes: Low-Rise/Garden
Number of Units: 20 Units
Building Size (RSF): 12,000 SF
Sale Price: $1,200,000
Unit Price: $60,000 Per Unit
Property Use Type: Investment
Building Name: Yucca House
Usable Size (USF): 12,000 SF
Sale Terms: Cash to Seller
Cap Rate: 0.06%
Average Occupancy Rate: 95
Last Updated: 11/24/2020

Overview / Comments

20 unit complex. All 1 bedroom, 1 bathroom. Two (2) Story units each with ten(10) units all behind a gated entrance. Secure access by a locked gate. Pride of ownership! No maintenance exterior brick veneer. Very recent updates and improvements. Three units have been remodeled very recently, with only 2 vacancies with many long term tenants. Ample parking for all tenants. Near VA Hospital, great location for active tenants. The property has the potential for higher rents, however, due to current conditions, rents could be increased in the near future. Pitched gravel roofs, 2 stories, all 1 bedroom units, individually metered for electric, the owner pays all utilities.

Financials

Finance Data Year 2019
Real Estate Taxes - Annual($) $4,905 (Annual)
Potential Rental Income $138,000 (Annual)
Gross Operating Income $131,214 (Annual)
Net Operating Income $69,485 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: Southeast
Taxing Authority: 100-02
Tax ID/APN: 101805615417531706
Zoning: MX-M - Mixed-use: Moderate Intensity
Percent Occupied: 90%
Community Amenities: Play Ground
Property Located Between: Between San Pedro and San Mateo, North of Gibson
Highway Access: I25 to Gibson (East), North, left on San Mateo, East/ right on Kathryn, to property.
Site Description: Level, flat.
Area Description: Mix of residential, multi-family, near commercial.
Total Number of Buildings: 2
Property Condition: Good
Number of Stories: 2
Year Built: 1955
Year Renovated: 2019
Roof Type: Flat
Construction/Siding: Wood Frame
Exterior Description: 2 two story buildings, newer stucco.
Parking Ratio: 1.5 (per 1000 SF)
Parking Type: Surface
Parking Description: Onsite parking
Total Parking Spaces: 30
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Wall Units
Fuel: Gas
Air Conditioning: Evaporative Cooler
Internet Access: Cable
Interior Description: Well maintained units, with ongoing upgrades.
Zoning Description: Mid-rise, garden apartments
Lot Frontage: 150
Lot Depth: 131
Water Service: Municipal
Sewer Type: Municipal
Easements: Other
Legal Description: N 5ft of Lot 14 Blk 13 Virginia PL

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 20,480 105,531 262,393
Median Age: 36.01 35.28 37.07
Households: 9,697 46,897 115,014

Contact

Photograph of Listing Agent

Stephen A Caruso

Caruso Realty, LLC
CARNM CIE Member
© Copyright 2001-2020 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Commercial Association of REALTORS┬« - New Mexico nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.