UNM Remodeled Triplex

Multi-Family for Sale
Sale Pending
Catylist Listing ID: 30799591
Property Subtypes: Duplex/Fourplex
Status: Pending
Number of Units: 3 Units
Building Size (RSF): 1,980 SF
Gross Building Area: See Agent
Sale Price: $595,000
Unit Price: $198,333.33 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 5.4%
Last Updated: 5/6/2022

Overview / Comments

Looking for a needle in the haystack - that property that checks all the boxes? Well here it is! This UNM property is nothing short of stunning. Beautiful remodel of triplex in UNM area that offers many possibilities: rental, airbnb, home + rentals, etc. Units include new TPO roof, synthetic stucco, windows, HVAC, flooring, new kitchen cabinets and vanity, granite counters, stainless steel appliances, & a two-way fireplace in main house. Both rentals have stackable washer/dryer units. Additional improvements include new sewer line from main house to street and new electric panels. Each has a private courtyard as well as a security system. There is also an outside surveillance system. Proforma shows gross income of $50,400/yr. Seller can rent units prior to closing if desired. Property being leased and managed by Kyle Deacon. You're going to love this property!

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: University
Tax ID/APN: 101705828904240107
Zoning: R-ML - Residential: Multi-family Low Density
Property Located Between: 635 Adams St NE
Highway Access: I-40 to Carlisle
Airports: Albuquerque International Airport
Total Number of Buildings: 3
Property Condition: Excellent
Number of Stories: 1
Year Built: 1950
Year Renovated: 2022
Roof Type: Flat
Construction/Siding: Wood Frame
Exterior Description: Synthetic Stucco
Parking Ratio: 1.5 (per 1000 SF)
Parking Type: Surface
Parking Description: Deep parking lot for main house accommodates up to 3 vehicles with 2 additional street side places. From alley access to back units there are 2-4 parking places.
Total Parking Spaces: 7
Laundry: In Each Unit
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: Cable
Interior Description: Beautiful remodel that includes water proof wood grain laminate flooring in all units, fully refurbished kitchens with granite counters and tile floors. All new lighting throughout. Main house offers two-way fireplace. Architectural integrity of mid-century pueblo design is preserved in arch ways and two-panel doors. Unit C is new from slab up. All new wiring, plumbing, etc.
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities
Legal Description: Lot 16 EXCEPT W 7 1/2 FT NEW YEAR ADDITION REPLAT OF BLK 1

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 20,719 140,902 308,361
Median Age: 40.71 35.68 37.61
Households: 10,481 62,415 135,200

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