Constitution 4

Multi-Family for Sale
Catylist Listing ID: 30180379
Property Subtypes: Duplex/Fourplex
Number of Units: 4 Units
Building Size (RSF): 3,536 SF
Gross Land Area: 0.18 SF
Sale Price: $281,250
Unit Price: $70,312.50 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 6.5%
Average Occupancy Rate: 100
Gross Rent Multiplier: 9.57
Last Updated: 2/21/2018

Overview / Comments

Located in NE heights easy access to Uptown and area restaurants and retail.

Measures of investment performance at actual rents of $612/month include GRM of 9.57, 6.80% Cap rate (before reserves), 8.80% Cash on cash and after tax internal rate of return of 13.30%.

Measures of investment performance at market rents $670/month include GRM of 8.75, 7.60% Cap rate (before reserves), 12.0% Cash on cash and after tax internal rate of return of 21.2%.

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: Northeast
Taxing Authority: Bernalillo
Tax ID/APN: 102205835326241314
Zoning: R-3 - Residential Zone
Percent Occupied: 100%
Total Number of Buildings: 1
Property Condition: Good
Number of Stories: 2
Year Built: 1972
Legal Description: Lot 7, Block 6, Grandview heights

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 21,353 126,364 238,115
Median Age: 40.39 39.3 39.79
Households: 9,538 54,042 106,090


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