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Multifamily For Sale
Well-Maintained 16-Unit Multifamily With Income Potential
8101 Marble Avenue NE, Albuquerque, New Mexico 87110
Details
- Category Multifamily
- Type For Sale
- Sale Price $1,600,000.00
- CAP Rate 6.08%
- Available Space ±11,169 SF
- Lot Size ±0.65 Acres
- Year Built 1977
- Zoning IDO: R-MH
Multi-Family Details
- GRM 9.97
- Total Units 16
- Multi-Family Type Mid-rise
Description
- 16 Units
- (8) 1 Bed/1 Bath (±650 SF)
- (8) 2 Bed/2 Bath (±784 SF)
- Marble’s Renovated Units Lease 31.12% Higher than those Not Renovated
- Projected Year 2-3 Gross Income Growth: 18.96%
- Substantial Capital Improvements 2018-2023
- Excellent Unit Mix of 50% 1 BR-1 BA and 50% 2 BR-1 BA
- Situated in Well-Maintained Office Corridor
- Projected Year 5 Value Appreciation @ 6.5% Cap Rate: 37.63%
- Built in 1977 per Bernalillo County Tax Assessor
Documents
Listing Brokers
Investment Properties, Multifamily
Sarah Raboff
- Direct505 338 9871
- Office505 878 0001
- Mobile505 690 3232
- Emailsarahr@sunvista.com
