12715 Dune Road SE | 12715 Dunes Rd SE
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12715 Dune Road SE 12715 Dunes Rd SE
4 Unit Apartment Building $428,763 ($107,191/Unit) 5.89% Cap Rate Albuquerque, NM 87123
Executive Summary
Renovated Fourplex, ready for owner occupant – Singing Arrow Location
On behalf of the owner, NM Apartment Advisors is excited to bring this amazing opportunity to purchase a four-plex in the Singing Arrow Neighborhood.
Each unit contains a large two bedroom, one bathroom unit with fireplace and washer/dryer connections. Downstairs units have a private backyard area.
The site offers an abundance of off-street and on-street parking and is very visible due to its elevation over the other buildings in the area.
A recently vacated unit is available for an owner-occupant and features brand new refrigerator, stove and dishwasher.
At the current average rents of $863, and an ask price of $428,763 the measures of investment performance include a price per unit of $107,191, price per square foot of $109.16, a GRM of 10.36, an after reserves cap rate of 5.89%.
If rents are raised to the market average of $1,200, the measures of investment performance improve to a before reserves cap rare of 8.74%.
20 page information flyer is available at http://www.nmapartment.com/apt/NMAA-Dunes12715SE.pdf
Virtual tour of Unit 1, vacant and ready for an owner occupant is at http://www.nmapartment.com/dunes12715se3d
Complete the online confidentially agreement for the property at http://www.nmapartment.com/dune12715se
Discover the Seller’s concession to the Buyer by emailing compensation@nmapartment.com with subject line: NMAA-2468715, which can be used for a Buyer’s brokerage fee or a credit to the Buyer.
The property is well located and close to grocery, shopping and a movie theater. Convenient freeway access and great public transportation and bike path connections. The property is a short walk to the Singing Arrow Community Center that has before and after school programs.
Do not miss out on an opportunity to acquire a well-built fourplex in one of the strongest rental markets in the country.
Thanks,
Todd Clarke CCIM CIPS
CEO
NM Apartment Advisors Inc.
(505) 440-TODD
On behalf of the owner, NM Apartment Advisors is excited to bring this amazing opportunity to purchase a four-plex in the Singing Arrow Neighborhood.
Each unit contains a large two bedroom, one bathroom unit with fireplace and washer/dryer connections. Downstairs units have a private backyard area.
The site offers an abundance of off-street and on-street parking and is very visible due to its elevation over the other buildings in the area.
A recently vacated unit is available for an owner-occupant and features brand new refrigerator, stove and dishwasher.
At the current average rents of $863, and an ask price of $428,763 the measures of investment performance include a price per unit of $107,191, price per square foot of $109.16, a GRM of 10.36, an after reserves cap rate of 5.89%.
If rents are raised to the market average of $1,200, the measures of investment performance improve to a before reserves cap rare of 8.74%.
20 page information flyer is available at http://www.nmapartment.com/apt/NMAA-Dunes12715SE.pdf
Virtual tour of Unit 1, vacant and ready for an owner occupant is at http://www.nmapartment.com/dunes12715se3d
Complete the online confidentially agreement for the property at http://www.nmapartment.com/dune12715se
Discover the Seller’s concession to the Buyer by emailing compensation@nmapartment.com with subject line: NMAA-2468715, which can be used for a Buyer’s brokerage fee or a credit to the Buyer.
The property is well located and close to grocery, shopping and a movie theater. Convenient freeway access and great public transportation and bike path connections. The property is a short walk to the Singing Arrow Community Center that has before and after school programs.
Do not miss out on an opportunity to acquire a well-built fourplex in one of the strongest rental markets in the country.
Thanks,
Todd Clarke CCIM CIPS
CEO
NM Apartment Advisors Inc.
(505) 440-TODD
Property Facts
| Price | $428,763 | Apartment Style | Garden |
| Price Per Unit | $107,191 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.22 AC |
| Cap Rate | 5.89% | Building Size | 3,928 SF |
| Gross Rent Multiplier | 10.36 | Average Occupancy | 75% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1980 |
| Property Subtype | Apartment |
| Price | $428,763 |
| Price Per Unit | $107,191 |
| Sale Type | Investment |
| Cap Rate | 5.89% |
| Gross Rent Multiplier | 10.36 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.22 AC |
| Building Size | 3,928 SF |
| Average Occupancy | 75% |
| No. Stories | 2 |
| Year Built | 1980 |
Unit Amenities
- Balcony
- Cable Ready
Site Amenities
- Trash Pickup - Curbside
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | $1,100 | 982 |
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PROPERTY TAXES
| Parcel Number | 1-022-056-249303-1-05-56 | Improvements Assessment | $37,595 |
| Land Assessment | $17,966 | Total Assessment | $55,561 |
PROPERTY TAXES
Parcel Number
1-022-056-249303-1-05-56
Land Assessment
$17,966
Improvements Assessment
$37,595
Total Assessment
$55,561
zoning
| Zoning Code | R-ML (Low density residential) |
| R-ML (Low density residential) |
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12715 Dune Road SE | 12715 Dunes Rd SE
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