Catylist ID: #30667096
Shhhh! fourplex on Whisping Sands Courti
Multi-Family for Sale
|Catylist Listing ID:||30667096|
|Number of Units:||4 Units|
|Building Size (RSF):||3,400 SF|
|Gross Land Area:||0.14 Acres|
|Unit Price:||$67,386.25 Per Unit|
|Property Use Type:||Investment|
|Usable Size (USF):||3,400 SF|
|Sale Terms:||Cash to Seller|
|Average Occupancy Rate:||100|
|Gross Rent Multiplier:||8.51|
Overview / Comments
Good morning (in my quiet voice)-
NM Apartment Advisors is excited to have listed this fabulous Fourplex near Four Hills at 300 Whispering Sands SE. This property is well located within walking distance to a movie theater, two grocery stores, and a dozen restaurants and is just off the major loop for mass transit.
Four by two bedroom one bathroom units with wood burning fireplaces make for cozy living spaces. The downstairs units have private patio/backed areas
At the ask price of $269,545 and an average rent of $660 the measure of investment performance include a GRM of 8.51, a CAP rate of 6.42% (before reserves), a price per unit of $67,386 a price per square foot of $79.28 an after tax IRR of 17.90%.
If rents were to be raised to market of $686, the measures of investment performance improve to a GRM of 8.19, and a cap rate of 7.35% (before reserves).
The 13 page property flyer with APOD, rents, expenses, floorplans, photos and more at http://www.nmapartment.com/apt/NMAA-Whispering300SE.pdf
Fourplexes in Albuquerque are selling quickly – do not wait to jump on this deal.
Todd Clarke CCIM CIPs
NM Apartment Advisors Inc.
Attachments & Media
|Taxing Authority:||Bernalillo County|
|Zoning:||R-ML - Residential: Multi-family Low Density|
|Total Number of Buildings:||1|
|Number of Stories:||2|
|Proximity:||1 mile||3 miles||5 miles|
Todd ClarkeNM Apartment Advisors, Inc. CARNM CIE Member
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