LEED Platinum standard, new construction fourplex

Multi-Family for Sale
Catylist Listing ID: 30228776
Property Subtypes: Duplex/Fourplex
Number of Units: 4 Units
Building Size (RSF): 2,700 SF
Gross Land Area: 0.16 Acres
Sale Price: $576,218
Unit Price: $144,054.50 Per Unit
Property Use Type: Investment
Usable Size (USF): 2,700 SF
Sale Terms: Cash to Seller
Cap Rate: 5.0%
Average Occupancy Rate: 100
Gross Rent Multiplier: 14.87
Last Updated: 9/20/2018

Overview / Comments

One of New Mexico's first LEED Platinum standard energy efficient fourplexes. Located between UNM & CNM, this property hits a home run on walk score (86), transit score (50), and bike score (98).

Built in 2013 with the intention of offering 4 separate residences, this property offers single family amenities and finishes for its two bedroom / one bathroom units, including digital locks, washer/dryers, and upgraded surfaces.

Measure of investment performance at average current rent of $850 include a GRM of 14.87, CAP rate of 5.0%, a before tax IRR of 11.5% and after tax IRR of 8.70%. If rents are increased to market at $1,000 (remember it includes free parking), measure of investment performance improve to a GRM of 12.00, Cap rate of 8.20%, and a cash on cash of 15.70%.

View the interior of Unit C online at http://www.nmapartment.com/yale3d
Register for confidential information at www.nmapartment.com/yale218

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: University
Taxing Authority: Bernalillo
Tax ID/APN: 101605701018831921
Zoning: SU-2 - Special Neighborhood Zone
Percent Occupied: 100%
Property Condition: Excellent
Number of Stories: 1
Year Built: 2013
Roof Type: Gable
Heat Type: Electricity
Heat Source: Wall Units
Fuel: Electric
Air Conditioning: Package Unit

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 16,545 114,395 282,599
Median Age: 30.3 36.14 36.55
Households: 7,580 51,705 119,765


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