Mize Apartments (17 units) in Portales, NM

Multi-Family for Sale
Catylist Listing ID: 30362345
Property Subtypes: Duplex/Fourplex
Number of Units: 23 Units
Building Size (RSF): 13,600 SF
Gross Building Area: See Agent
Gross Land Area: 1.61 Acres
Sale Price: $250,000
Unit Price: $10,869.57 Per Unit
Property Use Type: Investment, Vacant/Owner-User
Building Name: Mize Apartments
Sale Terms: Cash to Seller, Owner Financing, Other
Cap Rate: Undisclosed
Last Updated: 1/16/2019

Overview / Comments

Seven duplexes and one triplex for a total of 23 units. Most units have 2 bedrooms and 1 bathroom, some with garages and some with carports. All units are distressed and vacant, presenting an opportunity for a new owner to remodel and lease up. The new wind farm is scheduled for construction in 2019, which will bring many jobs and an increased demand for housing in this area. Local property manager suggests $600-$650 rent per unit each month. Call listing broker for more details. Owner/Broker also willing to consider owner financing and/or trade for income producing property.

Additional Details

Nearest MSA: Portales
County: Roosevelt
Taxing Authority: Roosevelt County Treasurer
Tax ID/APN: 100000000607000
Percent Occupied: 0%
Area Description: Walking distance from ENMU. Near the planned wind farm development project outside of Portales.
Total Number of Buildings: 8
Property Condition: Poor
Number of Stories: 1
Roof Type: Flat
Parking Type: Surface

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,784 12,755 15,315
Median Age: 26.42 28.54 29.52
Households: 2,103 4,728 5,656


Photograph of Listing Agent

Mark Thompson

Cauwels & Stuve Realty and Development Advisors
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.