Classic UNM Area 4-Plex
Multifamily | 5.92% Current CAP | 7.14% Market CAP | 4 Units
Marketing description
Very rare opportunity to acquire such a unique and charming UNM area 4-plex with such an exceptional UNM area location - close to Roosevelt Park, CNM, UNM Hospital, Down-town, & just 2 blocks Presbyterian Hospital. Recent property upgrades include a newer roof, thermal windows, updated electrical service, zoned mini-split heating and cooling in all units, and upgraded, quality contemporary finishes across all four apartments. Each apartment features a very distinct floor plan with unique artistic touches and amenities throughout. You'll also find additional value-add opportunities by capitalizing on creating more common and private yard spaces or adding additional apartments.
Large lot offers tons of great off-street parking and access options (off both the alley and Lead Ave) and lots of potential for additional units. Detached garage is separately metered for electric and could be converted into another unit as well.
Investment highlights
- Proximity to universities, parks, and the hospital.
- Value-add opportunities such as a garage conversion and the potential to add additional units.
- Many non-value add and value add CapEx projects already completed such as newer roof, thermal windows, and mini-split systems.
- Large lot offers great parking options for both on and off-street parking.
- 7.14% market CAP rate potential.
- 9.44 market GRM.
- Year 1 NOI $32,329 with a NOI market potential of $39,042.
- 1.29 market DSCR.
Listing Contacts
Valuation Calculator
Valuation Metrics
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Is there information that looks off?
