Shhhh! fourplex on Whisping Sands Courti

Multi-Family for Sale
Catylist Listing ID: 30667096
Property Subtypes: Duplex/Fourplex
Number of Units: 4 Units
Building Size (RSF): 3,400 SF
Gross Land Area: 0.14 Acres
Sale Price: $269,545
Unit Price: $67,386.25 Per Unit
Property Use Type: Investment
Usable Size (USF): 3,400 SF
Sale Terms: Cash to Seller
Cap Rate: 6.42%
Average Occupancy Rate: 100
Gross Rent Multiplier: 8.51
Last Updated: 11/18/2020

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.

Thanks,
Todd Clarke CCIM CIPs
CEO
NM Apartment Advisors Inc.
(505) 440-TODD

Attachments & Media

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: Southeast
Taxing Authority: Bernalillo County
Tax ID/APN: 102205624632810551
Zoning: R-ML - Residential: Multi-family Low Density
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1981
Roof Type: Flat

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 18,013 89,289 195,612
Median Age: 34.79 37.81 38.97
Households: 7,469 37,269 86,073

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