Catylist ID: #30700483
North Valley 4
Multi-Family for Sale
|Catylist Listing ID:||30700483|
|Number of Units:||4 Units|
|Building Size (RSF):||4,099 SF|
|Gross Land Area:||0.28 Acres|
|Unit Price:||$90,625 Per Unit|
|Property Use Type:||Investment|
|Usable Size (USF):||4,099 SF|
|Sale Terms:||Cash to Seller|
|Average Occupancy Rate:||100|
|Gross Rent Multiplier:||10.42|
Overview / Comments
NM Apartment Advisors is very excited to bring to market this fourplex located on a cul-de-sac in Albuquerque’s north valley this fourplex setup in a compound property with carports, is located at 114 Sandia NW. It has excellent access to North America’s largest bosque forest, Albuquerque’s river trails, and the North I-25 employment center.
Based on current rents of $725 of month and the ask price of $362,500, the measure of investment performance include a GRM of 10.42, a before tax CAP rate of 5.44% before reserves, a price per unit of $90,625, a price per square foot of $88.44, a before tax IRR of 18.30% and an after tax IRR of 15.00%.
If rents were raised to market rate of $806, measures of investment performance increase to a cap rate of 6.27% and a cash on cash of 7.41%.
Flyer, Property info and APOD at http://www.nmapartment.com/apt/NMAA-Sandia114NW.pdf
North Valley investment properties move quickly so do not wait to jump on this deal!
Attachments & Media
|Taxing Authority:||Bernalillo County|
|Zoning:||R-ML - Residential: Multi-family Low Density|
|Proximity:||1 mile||3 miles||5 miles|
Todd ClarkeNM Apartment Advisors, Inc. CARNM CIE Member
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