Updated Tri-Plex

Multi-Family for Sale
Sale Pending
Catylist Listing ID: 30589176
Status: Pending
Number of Units: 3 Units
Building Size (RSF): 2,133 SF
Gross Building Area: 6,751 SF
Sale Price: $184,900
Unit Price: $61,633.33 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: 7.2%
Average Occupancy Rate: 100
Last Updated: 6/11/2020

Overview / Comments

Turnkey fully occupied Tri-Plex with improvable rents. Remodeled in 2015 with new water heaters, flooring, and bathroom updates. . Manage it yourself and save 10%! At current rents CAP rate of 7.2 and GRM of 8.54. An increase in rents to $700 results in a CAP rate of 7.9 and GRM of 7.93. Offer subject to inspections. Please do not walk the property or disturb tenants

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: Southeast
Tax ID/APN: 101905620041221621
Zoning: R-ML - Residential: Multi-family Low Density
Percent Occupied: 100%
Total Number of Buildings: 1
Property Condition: Good
Number of Stories: 1
Year Built: 1963
Year Renovated: 2015
Roof Type: Flat
Parking Type: Surface
Total Parking Spaces: 4
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Wall Units
Fuel: Gas
Air Conditioning: Evaporative Cooler
Water Service: Municipal
Sewer Type: Municipal
Easements: Electric Lines

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 22,059 123,508 261,351
Median Age: 29.76 37.18 37.25
Households: 8,207 54,290 114,478


Photograph of Listing Agent

Bill Reed

ABQ Properties CARNM CIE Member
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