Quality 16-Plex Investment

Multi-Family for Sale
Sale Pending
Catylist Listing ID: 30384133
Property Subtypes: Low-Rise/Garden
Status: Pending
Number of Units: 16 Units
Building Size (RSF): 12,000 SF
Gross Building Area: See Agent
Sale Price: $852,500
Unit Price: $53,281.25 Per Unit
Property Use Type: Investment, Vacant/Owner-User
Building Name: Aztec Manor
Sale Terms: Cash to Seller
Cap Rate: 7.04%
Last Updated: 3/12/2019

Overview / Comments

• 16 - Unit Multifamily Investment Property

• 7.04% CAP Rate

• Two unit types evenly spread between upper and lower floors:
(8) 2-Bed/1-Bath 
(8) 1-Bed/1-Bath 

• On-site coin laundry facility

• Secured parking

• Very little deferred maintenance

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: North Valley
Tax ID/APN: 101406035324041803
Zoning: MX-M - Mixed-use: Moderate Intensity
Percent Occupied: 100%
Highway Access: Quick access to I-40.
Total Number of Buildings: 2
Property Condition: Excellent
Number of Stories: 2
Year Built: 1978
Parking Type: Surface
Parking Description: Wrought iron fence with gate.
Laundry: Shared
Air Conditioning: Evaporative Cooler

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,357 97,906 314,359
Median Age: 38.78 37.8 36.44
Households: 5,483 42,243 132,239
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.