Chama Eight (8)

Multi-Family for Sale
Sale Pending/Contingent
Catylist Listing ID: 30145111
Property Subtypes: Duplex/Fourplex
Status: Pending/Contingent
Number of Units: 8 Units
Building Size (RSF): 5,920 SF
Gross Land Area: 0.31 Acres
Sale Price: $320,000
Unit Price: $40,000 Per Unit
Property Use Type: Investment
Building Name: Chama Eight
Usable Size (USF): 5,920 SF
Sale Terms: Cash to Seller
Auction License Number: N/A
Cap Rate: 8.25%
Average Occupancy Rate: 100
Gross Rent Multiplier: 6.67
Last Updated: 7/17/2017

Overview / Comments

Two single story fourplexes - all two bedroom / one bath units. Separately metered for both gas and electric. Heating is central forced air and cooling is evaporative. Roof surfaces are flat. **Owner will leaseback all eight units at $500 per month + gas & electric. DO NOT DISTURB RESIDENTS!

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: Southeast
Taxing Authority: Bernalillo County
Tax ID/APN: 101905607334820319
Zoning: R-2 - Residential Zone
Percent Occupied: 100%
Property Located Between: Louisiana and Zuni
Highway Access: I-40 access is ten minutes north
Airports: Sunport International
Site Description: Two four-plexes sharing a common courtyard. property is gated.
Area Description: Location is a high density rental area. Several duplex-fourplex locations dominate the area.
Total Number of Buildings: 2
Property Condition: Good
Number of Stories: 1
Year Built: 1980
Year Renovated: 2000
Roof Type: Flat
Construction/Siding: Stucco, Wood Frame
Exterior Description: Exterior is brown stucco.
Parking Ratio: 1.5 (per 1000 SF)
Parking Type: Surface
Parking Description: There are a total of six parking spaces on site and several off street parking spaces.
Total Parking Spaces: 6
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Fuel: Gas
Air Conditioning: Evaporative Cooler
Internet Access: Cable, Satellite
Interior Description: Interiors are faux wood plank floors, semi gloss paint. One refrigerator, stove and water heater for each unit.
Zoning Description: R-2
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities
Land Ownership: fee simple
Legal Description: Lots 9 & 10 Emil Mann Addition

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 26,356 113,098 265,480
Median Age: 31.44 36.56 37.28
Households: 10,610 50,459 116,249
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