Fabulous Duplex with a garages

Multi-Family for Sale
Catylist Listing ID: 30662987
Property Subtypes: Duplex/Fourplex
Number of Units: 2 Units
Building Size (RSF): 1,286 SF
Gross Land Area: 0.15 Acres
Sale Price: $207,962
Unit Price: $103,981 Per Unit
Property Use Type: Investment
Usable Size (USF): 1,286 SF
Sale Terms: Cash to Seller
Cap Rate: 5.05%
Average Occupancy Rate: 100
Gross Rent Multiplier: 13.03
Last Updated: 11/2/2020

Overview / Comments

On behalf of the owner, NM Apartment Advisors Inc., and Deacon Property Services are pleased to present this opportunity to acquire a convenient south UNM duplex. Located at 3532-4 Vail SE and in an area of amazing newly announced developments – this duplex offers a lot for either the owner occupant or investor

Classic duplex in a terrific Ridgecrest location. 2 well-apportioned 1 bedroom units with completely updated interiors marrying great modern amenities to hardwood floors, coves, plaster walls, and all the classic touches tenants treasure. Remodeled kitchens are large, open with lots of cabinet and counter space. Newer bathrooms have great custom tile work. Beautiful, mature landscaping gives the property a very nice private feel and offers out door living spaces, room to garden, with tremendous shade and protection at the covered patio entries. The property also features bonus detached garages with new doors and plenty of extra room for additional off street parking or your creative ideas. Close to Nob Hill, Kirtland Air Force Base, great local shops, parks, and cafes with easy access to I-25.

Starting Ask Price is $207,962, with an average rent of $665, measures of investment performance include a GRM of 13.03, a before reserves cap rate of 5.30% and an after tax Internal Rate of Return (IRR) of 17.30%. If rents are raised to market of $750, measures of investment performance improve to a GRM of 11.55 cap rate of 5.79%.

22 page flyer can be found at http://www.nmapartment.com/apt/NMAA-Vail3532SE.pdf

Stay safe and stay home – enjoy the virtual tours:
Apartment 3532- http://www.nmapartment.com/vail3d1
Apartment 3534- www.nmapartment.com/vail3d2

Register for additional information at www.nmpartment.com/vail3534

Apartment investments with garages and as attractive as this one do not last long!

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: Airport
Taxing Authority: Bernalillo County
Tax ID/APN: 101605650709140710
Zoning: MH - Residential Zone

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,107 98,097 239,638
Median Age: 35.07 34.82 36.35
Households: 5,869 43,819 101,935


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