8920 Northeastern Blvd. NE | Value-Add Multifamily Opportunity

Multi-Family for Sale
Auction
Catylist Listing ID: 30746426
Number of Units: 11 Units
Building Size (RSF): 13,800 SF
Gross Building Area: See Agent
Gross Land Area: 0.88 Acres
Sale Price: $520,000
Unit Price: $47,272.73 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Up For Auction: Yes
Auction Reserve Amount: 520,000
Sealed Bids: Yes
Cap Rate: Undisclosed
Last Updated: 11/30/2021

Overview / Comments

PROPERTY OVERVIEW
8920 Northeastern Blvd. NE has tremendous cash-flow potential. In the Northeast submarket, 2 bedroom/2 bathroom units rent for $1.00/SF on average. Thus, the ±1,050 SF units have potential to rent around $1,000/ month. There is also a large owner’s unit. The property has a private courtyard, pool, elevator, covered parking. All units are separately metered for gas and electric utilities.
The property is surrounded by many stable multi-family properties within a calm residential neighborhood.
Before-Tax Projected IRR: 20.83%*
After-Tax Projected IRR: 15.96%*

*See last page of flyer

Attachments & Media

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: Northeast
Tax ID/APN: 102005924318231214
Zoning: R-MH - Residential: Multi-family High Density
Community Amenities: Outdoor Pool

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 22,348 189,691 305,435
Median Age: 41.18 38.74 39.09
Households: 9,720 84,158 135,633

Contact

Photograph of Listing Agent

Sarah Raboff

NAI SunVista CARNM CIE Member
Photograph of Listing Agent

James A Wible, CCIM

NAI SunVista CARNM CIE Member
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