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Multifamily For Sale
Competitively-Priced Value-Add 22-Unit Multifamily
7600 Central Avenue SE, Albuquerque, New Mexico 87108
Details
- Category Multifamily
- Type For Sale
- Sale Price $1,325,000.00
- CAP Rate 8.79%
- Zoning IDO: MX-M
Multi-Family Details
- GRM 6.54
- Total Units 22
- Multi-Family Type Low-rise/Garden
Description
- Year-End 2 Pro Forma Cap Rate: 10.13%
*Market & Section 8 Lease Rates (2024).* - Year-End 2 Pro Forma Cap Rate: 11.96
*100% Section 8 Lease Rates (2024).* - Value-Add: Lease rates are 27.08% below 2024 Section 8 Voucher Standards
- Gated Property: Perimeter & Automatic Car Gate
- 2023-24 Capital Improvements:
– Porch landings & awnings
– Wrought-iron perimeter fence
– New common electrical panel
– Welded crawl space security covers
– Additional Unit: Shell space conversion
– Exterior paint and stucco repair
Documents
Listing Advisors
Investment Properties, Multifamily
Sarah Raboff
- Direct505 338 9871
- Office505 878 0001
- Mobile505 690 3232
- Emailsarahr@sunvista.com
Multifamily
Luke Scarpa
- Office505.878.0001
- Direct505.338.9876
- Emailluke@sunvista.com
