Charming Duplex In SE Heights

Multi-Family for Sale
Catylist Listing ID: 30343406
Property Subtypes: Duplex/Fourplex
Number of Units: 2 Units
Building Size (RSF): 1,290 SF
Gross Land Area: 0.16 Acres
Sale Price: $109,950
Unit Price: $54,975 Per Unit
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: 9.0%
Average Occupancy Rate: 100
Last Updated: 10/24/2018

Overview / Comments

Kyle Berkshire of T&C Management and Brokerage is pleased to bring to the market a great first time investor duplex in the SE Heights. Each unit consists of 1 bed 1 bath and is full of charm with original hardwood floors that are in great shape. Each of your tenants have a detached garage space and plenty of room for outside activities. 512 Cagua SE is a perfect investment at an entry level price point. Current analysis indicates a 9% cap rate. Call Kyle for information on this great property!

Financials

Finance Data Year 2017
Gross Operating Income $13,080 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: Southeast
Tax ID/APN: ABQ161379
Percent Occupied: 100%
Total Number of Buildings: 1
Property Condition: Good
Number of Stories: 1
Year Built: 1950
Roof Type: Flat
Construction/Siding: Stucco
Parking Type: Structure
Parking Description: Detached garage for each unit + Street parking
Total Parking Spaces: 2
Heat Source: Central
Fuel: Gas
Air Conditioning: Evaporative Cooler
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 27,160 119,413 288,017
Median Age: 36.3 36.33 37.19
Households: 12,568 52,996 126,558

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