Catylist ID: #30332136
Multi-Family for Sale
|Catylist Listing ID:||30332136|
|Number of Units:||5 Units|
|Building Size (RSF):||2,770 SF|
|Gross Land Area:||0.17 Acres|
|Unit Price:||$73,950 Per Unit|
|Property Use Type:||Investment|
|Usable Size (USF):||2,770 SF|
|Sale Terms:||Cash to Seller|
|Average Occupancy Rate:||100|
|Gross Rent Multiplier:||10.98|
Overview / Comments
My owner has requested I get this beautiful 5 unit apartment community moved – and they have priced it below the comparable sales. The property contains an Victorian house split into 2 units + rear triplex, in in amazing neighborhood with high walk (84), bike (90) and transit (56) score.
The new offering price is $369,750.
Measure of investment performance at average rent of $591 include a GRM of 10.98, a before reserves CAP Rate of 6.43%, and a before tax IRR Of 13.40%. If rents were raised to the market average of $698, the measure of investment performance increase to a cap rate of 7.79%, and a 10.60% Cash on cash.
Download the property flyer, APOD, floorplans and photos here - http://www.nmapartment.com/apt/NMAA-Walter306SE.pdf
Virtual tour of two of the units can be found here- www.nmapartment.com/3dwalterapt1
Attachments & Media
|Proximity:||1 mile||3 miles||5 miles|
Todd ClarkeNM Apartment Advisors, Inc. CARNM CIE Member
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