Walter 4

Multi-Family for Sale
Sale Pending
Catylist Listing ID: 30332136
Property Subtypes: Duplex/Fourplex
Status: Pending
Number of Units: 5 Units
Building Size (RSF): 2,770 SF
Gross Land Area: 0.17 Acres
Sale Price: $369,750
Unit Price: $73,950 Per Unit
Property Use Type: Investment
Usable Size (USF): 2,770 SF
Sale Terms: Cash to Seller
Cap Rate: 5.5%
Average Occupancy Rate: 100
Gross Rent Multiplier: 10.98
Last Updated: 6/15/2019

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
And www.nmapartment.com/3dwalter306

Additional Details

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

View FullscreenMap

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

Contact

© Copyright 2001-2019 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.