North Valley 4

Multi-Family for Sale
Sale Pending
Catylist Listing ID: 30700483
Property Subtypes: Duplex/Fourplex
Status: Pending
Number of Units: 4 Units
Building Size (RSF): 4,099 SF
Gross Land Area: 0.28 Acres
Sale Price: $362,500
Unit Price: $90,625 Per Unit
Property Use Type: Investment
Usable Size (USF): 4,099 SF
Sale Terms: Cash to Seller
Cap Rate: 5.44%
Average Occupancy Rate: 100
Gross Rent Multiplier: 10.42
Last Updated: 2/8/2021

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

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: North Valley
Taxing Authority: Bernalillo County
Tax ID/APN: 101506122132020229
Zoning: R-ML - Residential: Multi-family Low Density
Percent Occupied: 100%

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,300 92,164 330,645
Median Age: 37.71 38.06 37.22
Households: 3,404 40,241 140,192

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