Catylist ID: #30700112
Four Hills Fourplex
Multi-Family for Sale
|Catylist Listing ID:||30700112|
|Number of Units:||4 Units|
|Building Size (RSF):||3,436 SF|
|Gross Land Area:||0.20 Acres|
|Unit Price:||$68,992 Per Unit|
|Property Use Type:||Investment|
|Usable Size (USF):||3,436 SF|
|Sale Terms:||Cash to Seller|
|Average Occupancy Rate:||100|
|Gross Rent Multiplier:||9.31|
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
|Zoning:||R-ML - Residential: Multi-family Low Density|
|Proximity:||1 mile||3 miles||5 miles|
Todd ClarkeNM Apartment Advisors, Inc. CARNM CIE Member
|© Copyright 2001-2020 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Commercial Association of REALTORS® - New Mexico nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.|