Coal Fourplexes

Multi-Family for Sale
Sale Pending
Catylist Listing ID: 30048726
Property Subtypes: Duplex/Fourplex
Status: Pending
Number of Units: 8 Units
Building Size (RSF): 4,983 SF
Gross Land Area: 0.30 Acres
Sale Price: $666,000
Unit Price: $83,250 Per Unit
Property Use Type: Investment
Building Name: Coal Fourplexes
Usable Size (USF): 4,983 SF
Sale Terms: Cash to Seller
Cap Rate: 6.94%
Average Occupancy Rate: 100
Last Updated: 11/21/2017

Overview / Comments

Two four plexes in downtown Albuquerque - hardwood floors, attractive interiors, although the Seller is interested in selling all 8 units at the same time, the Seller is open to selling each fourplex separately, with the intention of having a similar closing timeframe for each buyer to allow the Seller to complete a 1031 exchange.

Measures of investment performance: 6.34% Cap rate, 8.18% cash on cash, 21.2% before tax IRR and 17.1% after tax IRR.

Located just west of downtown Albuquerque, east of the historic Albuquerque Country Club neighborhood north of the Rio Grane Zoo/BioPark and south of Old Town Albuquerque, this location has a walk score of 72, transit score of 45, and bike score of 94.

Financials

Finance Data Year 2015
Potential Rental Income $65,812 (Annual)
Net Operating Income $41,751 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: Downtown
Taxing Authority: Bernalillo
Tax ID/APN: 101305734833010705
Zoning: SU-2 - Special Neighborhood Zone
Percent Occupied: 100%
Total Number of Buildings: 4
Property Condition: Good
Number of Stories: 1
Year Built: 1940

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,683 112,918 285,411
Median Age: 37.06 33.94 33.84
Households: 6,420 44,995 112,462

Contact

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