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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 $1,525,000.00
- CAP Rate 7.47%
- Zoning IDO: MX-M
Multi-Family Details
- Total Units ±13
- Multi-Family Type Low-rise/Garden
Description
- Recent major capital improvements
- Year-End 2 Pro Forma Cap Rate: 10.86% *Market & Section 8 Lease Rates (2024).*
- Year-End 2 Pro Forma Cap Rate: 11.48 *100% Section 8 Lease Rates (2024).*
- June 2024 lease rates are 32.17% below 2024 full-service Section 8 Voucher Standards.
- Capital Improvements: Porch landings & awnings, wrought-iron permitter fence, electrical panel, welded crawl space covers, shell space unit conversion, exterior paint, and stucco repair
- Property Security: Limited access pedestrian gates and automatic car gate
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