10901-11013 Towner Ave NE - Apartments FOR SALE


Albuquerque, NM 87112- Eastside
$1,800,000 USD
505-280-2964
10901-11013 Towner Ave NE, Albuquerque, NM for Sale
$1,800,000 USD
Apartments - FOR SALE
1/4
null | 5.94% Cap Rate

10901-11013 Towner Ave NE
Albuquerque, NM 87112
Eastside


HIGHLIGHTS

  • Strong rental market with low vacancy.
  • Great Northeast Heights locations.
  • Well maintained properties, with in unit or onsite laundry.
  • Individually metered for gas and electric. (master gas meter for each Towner 4-plex, prorated in the rent).

OVERVIEW

16 Unit Multi-Family 4-Plex Portfolio For Sale: Stable Investment Opportunity Price: $1,800,000 Price per Unit: $112,250 NOI (as-is): $106,908 Cap Rate: 5.94% GRM: 9.78 Gross Building(s) Size: 12,392 +/- sf Strong rental market with low vacancy Great Northeast Heights locations Individually metered for electric; gas is one gas meter for each 4-plex prorated in the rent Improvable rents Close proximity to schools, shopping, restaurants and many other amenities. ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT METRO COMMERCIAL REALTY, INC FOR MORE DETAILS. 10901 Towner Avenue NE Two 2 bd/1 bth & Two 1 bd/1 bth Approx. 3,100 sf Shared Laundry room between 10901 & 10905 10905 Towner Avenue NE Two 2 bd/1 bth & Two 1 bd/1 bth Approx. 3,100 sf Shared Laundry room between 10901 & 10905 Towner Avenue NE 11009 Towner Avenue NE Two 2 bd/1 bth & Two 1 bd/1 bth Approx. 3,100 sf Shared Laundry room between 11009 & 11013 11013 Towner Avenue NE Two 2 bd/1 bth & Two 1 bd/1 bth Approx. 3,100 sf Shared Laundry room between 11009 & 11013 ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT METRO COMMERCIAL REALTY, INC FOR MORE DETAILS.

FOR SALE DETAILS

PRICE

$1,800,000 USD

PRICE/SF

$272 USD /SF

# OF UNITS

16

PRICE/UNIT

$112,500

CAP RATE

5.94%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

16 Unit Multi-Family 4-Plex Portfolio

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1970

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

1-021-059-413244-4-23-12,1-021-059-419244-4-23-13

ASK ABOUT THIS PROPERTY

Jake VosburghMetro Commercial RealtyMore Info
505-280-2964

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Jake VosburghMetro Commercial RealtyMore Info
505-280-2964

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.