GREAT CAP ON REMODELED FOUR

Multi-Family for Sale
Sale Pending
Catylist Listing ID: 30753667
Property Subtypes: Duplex/Fourplex, Low-Rise/Garden
Status: Pending
Number of Units: 4 Units
Building Size (RSF): 2,650 SF
Gross Building Area: See Agent
Sale Price: $299,500
Unit Price: $74,875 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 6.76%
Average Occupancy Rate: 95
Last Updated: 8/16/2021

Overview / Comments

Beautifully remodeled all brick four-plex perfect for an investor looking for a good return ay 6.76% CAP or an owner occupant. Remodel includes new windows, hard-surface flooring, new lighting, new vanities, toilets, paint, some new hot water heaters and furnaces, and appliances. Other improvements include new landscaping, and wrought iron security fence and gates. All units have washers, some have dryers. This is a low maintenance property with all brick, pitched roof, wood chip landscaping and large trees. 100% occupied with room to increase rents. 100% occupied with room to increase rents. If you're looking for 8 units, check out 419 Dallas St NE next door.

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: Southeast
Tax ID/APN: 101905624543821710
Zoning: R-ML - Residential: Multi-family Low Density
Percent Occupied: 100%
Property Located Between: Louisiana and Wyoming
Highway Access: 1-40 to Louisiana. Proceed to Zuni. Turn left to Dallas.
Airports: Albuquerque International
Property Condition: Excellent
Number of Stories: 1
Year Built: 1952
Year Renovated: 2019
Roof Type: Gable
Construction/Siding: Brick
Exterior Description: Open floor plan with all solid surface flooring throughout.
Parking Ratio: 1.5 (per 1000 SF)
Parking Type: Surface
Parking Description: Parking directly in front of complex.
Total Parking Spaces: 6
Laundry: In Each Unit
Heat Type: Natural Gas
Heat Source: Wall Units
Air Conditioning: Evaporative Cooler
Internet Access: Cable
Water Service: Municipal
Sewer Type: Municipal
Easements: Electric Lines
Legal Description: Lot 20 Block 17 Emil Mann

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 24,446 131,759 260,182
Median Age: 29.51 37.51 37.27
Households: 9,014 57,909 114,630

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