Opportunity Zone Property–6 unit distressed multi-family

Multi-Family for Sale
Catylist Listing ID: 30362343
Property Subtypes: Duplex/Fourplex
Number of Units: 6 Units
Building Size (RSF): 4,800 SF
Gross Building Area: See Agent
Gross Land Area: 21,000 SF
Sale Price: $150,000
Unit Price: $25,000 Per Unit
Property Use Type: Investment, Vacant/Owner-User
Building Name: Univeristy Apartments
Sale Terms: Cash to Seller, Owner Financing, Other
Cap Rate: Undisclosed
Last Updated: 1/16/2019

Overview / Comments

Located in a Qualified Opportunity Zone, which offers an investor significant advantages and tax savings. Three duplexes for a total of 6 units. Most units have 2 bedrooms and 1 bathroom. 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. Owner has an additional 17 units nearby, which can be combined or purchased separately.

Additional Details

Nearest MSA: Portales
County: Roosevelt
Taxing Authority: Roosevelt County Treasurer
Tax ID/APN: 100000000528200
Percent Occupied: 0%
Area Description: Walking distance to ENMU.
Total Number of Buildings: 3
Property Condition: Poor
Number of Stories: 1
Roof Type: Flat
Parking Type: Surface
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,516 12,755 15,315
Median Age: 28.04 28.54 29.52
Households: 3,487 4,728 5,656

Contact

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.