Walter 4

Multi-Family for Sale
Catylist Listing ID: 30332136
Property Subtypes: Duplex/Fourplex
Number of Units: 5 Units
Building Size (RSF): 2,733 SF
Gross Land Area: 0.17 Acres
Sale Price: $398,500
Unit Price: $79,700 Per Unit
Property Use Type: Investment
Usable Size (USF): 2,733 SF
Sale Terms: Cash to Seller
Cap Rate: 5.5%
Average Occupancy Rate: 100
Last Updated: 1/17/2019

Overview / Comments

5 units in amazing neighborhood with high walk (84), bike (90) and transit (56)score.

Priced below its comparable sales at $415,945.

Measure of investment performance at average rent of $578 include a GRM of 12.10, an after reserves CAP Rate of 5.50%, and an before tax IRR Of 11.20%.

If the rents are raised to the market at $698, measures of investment performance improve to a GRM of 9.52, a cap rate of 7.0%.

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: Downtown
Taxing Authority: Bernalillo
Tax ID/APN: 101405748229110710

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,269 110,273 291,282
Median Age: 33.35 35.59 35.47
Households: 6,066 47,728 120,405


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