Catylist ID: #30659131
UNM Nob Hill Duplex
Multi-Family for Sale
|Catylist Listing ID:||30659131|
|Number of Units:||2 Units|
|Building Size (RSF):||2,348 SF|
|Gross Land Area:||0.16 Acres|
|Unit Price:||$149,500 Per Unit|
|Property Use Type:||Investment|
|Usable Size (USF):||2,348 SF|
|Sale Terms:||Cash to Seller|
|Average Occupancy Rate:||100|
|Gross Rent Multiplier:||13.11|
Overview / Comments
NM Apartment Advisors is honored to list this amazing gem of duplex located just east of UNM, north of Nob-Hill and within walking distance of the Sprouts supermarket and short hop to Los Cuates and its world famous sweet and hot salsa!
Tucked in a high appreciation, neighborhood of mostly single family homes built in 1940-50’s. This property was built in 2005, and includes two houses and a single car garage.
A core deal with a stable base of income, there is also a value add opportunity in bringing the rent levels to market, or above market rates.
Measurements of investment performance based on actual average rents of $1,000 per unit, 4.55% CAP rate, 17.40% before tax IRR, and 14.060% after tax IRR.
Based on a market rent of $1,138 per unit (and potential to charge for the garage) the measure of investment performance improves to a 5.97% Cap (before reserves), and a 8.08% cash on cash.
The location has a high walk (76), Bike (85), and transit (37) score and speaks of its excellent location between UNM and Uptown.
Please review flyer, APOD and LO/SO documents in document center prior to requesting an appointment for a showing.
Attachments & Media
|Taxing Authority:||Bernalillo County|
|Zoning:||R-ML - Residential: Multi-family Low Density|
|Proximity:||1 mile||3 miles||5 miles|
Todd ClarkeNM Apartment Advisors, Inc. CARNM CIE Member
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