Four Hills Fourplex

Multi-Family for Sale
Sale Pending
Catylist Listing ID: 30700112
Property Subtypes: Duplex/Fourplex
Status: Pending
Number of Units: 4 Units
Building Size (RSF): 3,436 SF
Gross Land Area: 0.20 Acres
Sale Price: $275,968
Unit Price: $68,992 Per Unit
Property Use Type: Investment
Usable Size (USF): 3,436 SF
Sale Terms: Cash to Seller
Cap Rate: 6.43%
Average Occupancy Rate: 100
Gross Rent Multiplier: 9.31
Last Updated: 2/23/2021

Overview / Comments

NM Apartment Advisors is excited to have listed this fabulous Fourplex near Four Hills at 312 Western Skies SE. This property is well located within walking distance to a movie theater, two grocery stores, and a dozen restaurants and on the major loop for mass transit.

Four by two bedroom one bathroom units with common area laundry room.

At the ask price of $275,968 and an average rent of $618 the measure of investment performance include a GRM of 9.31, a CAP rate of 6.43% (before reserve), a price per unit of $68,992, a price per square foot of $80.32 an after-tax IRR of 17.40%.

If rents were to be raised to market of $686, the measures of investment performance improve to a GRM of 8.38, and a cap rate of 7.36%.

The 12 page property flyer with APOD, rents, expenses, floorplans, photos and more at http://www.nmapartment.com/apt/NMAA-Western312SE.pdf

Do not wait – with 29% historical appreciation in the fourplex market, and more PENDING listings than available, this one is not likely to be on the market very long.

Attachments & Media

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: Southeast
Tax ID/APN: 102205619130510539
Zoning: R-ML - Residential: Multi-family Low Density

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 19,236 89,289 194,028
Median Age: 34.77 37.81 38.82
Households: 7,938 37,269 85,465

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