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SOUTHEAST HEIGHTS INVESTMENT OPPORTUNITY
Value-Add Fourplex
For more information:
138 Rhode Island St. SE Albuquerque, NM 87108
Steve Kraemer, [email protected]
505 417 5214
Isaac [email protected]
505 998 1571
NEQ Rhode Island St. & Zuni Rd. SE
6801 Jefferson NE | Suite 200 | Albuquerque, NM 87109
505 878 0001 gotspaceusa.com
For SaleSale Price
� $204,750 � CAP Rate: 10.77% (Pro Forma) � Owner financing available
Available � Units: 4 � Average Size: ±782 SF � Type of Units: 2-bed/1-bath � $/Door: $51,187.50 � Land: ±6,751 SF (±0.16 Acres)
Property OverviewValue-add fourplex available in the Southeast Heights. Perfect first-time investment opportunity or add to your growing multifamily portfolio.
Additional storage available on the side of the building, including Landlord storage for landscaping equipment. Includes a washroom for coin laundry.
Also Available from Seller � 127 Tennessee St. SE
HUB ZoneThis property is in a For small companies that operate and
employ people in Historically Underutilized Business Zones. Click for details.
THE INFORMATION CONTAINED IS BELIEVED RELIABLE. WHILE WE DO NOT DOUBT THE ACCURACY, WE HAVE NOT VERIFIED IT AND MAKE NO GUARANTEE, WARRANTY OR REPRESENTATION ABOUT IT. IT IS YOUR RESPONSIBILITY TO INDEPENDENTLY CONFIRM ITS ACCURACY AND COMPLETENESS. ANY PROJECTION, OPINION, ASSUMPTION OR ESTIMATED USES ARE FOR EXAMPLE ONLY AND DO NOT REPRESENT THE CURRENT OR FUTURE PERFORMANCE OF THE PROPERTY. THE VALUE OF THIS TRANSACTION TO YOU DEPENDS ON MANY FACTORS WHICH SHOULD BE EVALUATED BY YOUR TAX, FINANCIAL, AND LEGAL COUNSEL. YOU AND YOUR COUNSEL SHOULD CONDUCT A CAREFUL INDEPENDENT INVESTIGATION OF THE PROPERTY TO DETERMINE THAT IT IS SUITABLE TO YOUR NEEDS.
505 878 0001 For more information:
Tennessee St.Tennessee St.
Rhode Island St.Rhode Island St.
Central Ave.Central Ave.
Zuni Rd.Zuni Rd.
Central Ave.Central Ave.
Lomas Blvd.Lomas Blvd.
Wyom
ing Blvd.W
yoming Blvd.
Louisiana Blvd.Louisiana Blvd.
Pennsylvania St.Pennsylvania St.
Pennsylvania St.Pennsylvania St.
Marquette Ave.Marquette Ave.
Copper Ave.Copper Ave.
Hays Middle Hays Middle SchoolSchool
Hawthorne Hawthorne ElementaryElementary
La Mesa La Mesa ElementaryElementary
Grant Middle Grant Middle SchoolSchool
Mesa VerdeMesa VerdeParkPark
Los Altos Los Altos Golf CourseGolf Course
Daniel WebsterDaniel WebsterParkPark
US Army US Army National GuardNational Guard
Talin Talin MarketMarket
Los Olivos Los Olivos Mexican Mexican
RestaurantRestaurant
S I T EZuni Rd.Zuni Rd.
40
S I TE
SOUTHEAST HEIGHTS INVESTMENT OPPORTUNITY
Value-Add Fourplex
For more information:
138 Rhode Island St. SE Albuquerque, NM 87108
Steve Kraemer, [email protected]
505 417 5214
Isaac [email protected]
505 998 1571
LOCATION
THE INFORMATION CONTAINED IS BELIEVED RELIABLE. WHILE WE DO NOT DOUBT THE ACCURACY, WE HAVE NOT VERIFIED IT AND MAKE NO GUARANTEE, WARRANTY OR REPRESENTATION ABOUT IT. IT IS YOUR RESPONSIBILITY TO INDEPENDENTLY CONFIRM ITS ACCURACY AND COMPLETENESS. ANY PROJECTION, OPINION, ASSUMPTION OR ESTIMATED USES ARE FOR EXAMPLE ONLY AND DO NOT REPRESENT THE CURRENT OR FUTURE PERFORMANCE OF THE PROPERTY. THE VALUE OF THIS TRANSACTION TO YOU DEPENDS ON MANY FACTORS WHICH SHOULD BE EVALUATED BY YOUR TAX, FINANCIAL, AND LEGAL COUNSEL. YOU AND YOUR COUNSEL SHOULD CONDUCT A CAREFUL INDEPENDENT INVESTIGATION OF THE PROPERTY TO DETERMINE THAT IT IS SUITABLE TO YOUR NEEDS.
505 878 0001
SOUTHEAST HEIGHTS INVESTMENT OPPORTUNITY
Value-Add Fourplex
For more information:
138 Rhode Island St. SE Albuquerque, NM 87108
Steve Kraemer, [email protected]
505 417 5214
Isaac [email protected]
505 998 1571
PHOTOS
THE INFORMATION CONTAINED IS BELIEVED RELIABLE. WHILE WE DO NOT DOUBT THE ACCURACY, WE HAVE NOT VERIFIED IT AND MAKE NO GUARANTEE, WARRANTY OR REPRESENTATION ABOUT IT. IT IS YOUR RESPONSIBILITY TO INDEPENDENTLY CONFIRM ITS ACCURACY AND COMPLETENESS. ANY PROJECTION, OPINION, ASSUMPTION OR ESTIMATED USES ARE FOR EXAMPLE ONLY AND DO NOT REPRESENT THE CURRENT OR FUTURE PERFORMANCE OF THE PROPERTY. THE VALUE OF THIS TRANSACTION TO YOU DEPENDS ON MANY FACTORS WHICH SHOULD BE EVALUATED BY YOUR TAX, FINANCIAL, AND LEGAL COUNSEL. YOU AND YOUR COUNSEL SHOULD CONDUCT A CAREFUL INDEPENDENT INVESTIGATION OF THE PROPERTY TO DETERMINE THAT IT IS SUITABLE TO YOUR NEEDS.
505 878 0001 For more information:
SOUTHEAST HEIGHTS INVESTMENT OPPORTUNITY
Value-Add Fourplex
For more information:
138 Rhode Island St. SE Albuquerque, NM 87108
Steve Kraemer, [email protected]
505 417 5214
Isaac [email protected]
505 998 1571
LOCATION
2019 Demographics 1 mile 3 mile 5 mile
Total Population 0 0 0
Average HH Income $0 $0 $0
Daytime Employment 0 0 0
2019 Forecasted by Esri
CURRENT MARKET
Rent $37,668 $39,551Vacancy (7%) $2,637 $2,769Effective Gross Rent $35,031 $36,783Laundry $4,620 $4,620
Total Income $39,651 $41,403
Annual Operating Expenses
Property Taxes $2,090 $2,153 Building Insurance $964 $993 Management (10%) $3,965 $4,084 Utilities $3,585 $3,693 Maintenance $6,505 $6,700 Landscaping $500 $515
Total Operating Expenses $17,609 $18,137
NET OPERATING INCOME $22,042 $23,265
MINI-APOD
2020 Demographics 1 mile 3 mile 5 mile
Total Population 25,563 114,228 252,527
Average HH Income $38,985 $56,256 $62,636
Daytime Employment 6,874 62,254 152,004
2020 Forecasted by Esri
Property DetailsSale Price $204,750
CAP Rate 10.77% CAP Rate (Pro Forma)
Type of Units Four 2-Bed/1-Bath
Lot Size ±6,751 SF (±0.16 Acres)
Building Size ±3,126 SF
$/Door $51,187.50
Zoning MX-L
Overview Value-add fourplex available in the Southeast Heights. Perfect first-time investment op-portunity or add to your growing multifamily portfolio.
Additional storage available on the side of the building, including Landlord storage for landscaping equipment. Includes a washroom for coin laundry.
Paseo Del Norte
Academy Rd.
Paseo Del Norte
Northern Blvd.
Unse
r Blv
d.
Paseo Del Volcan
Southern Blvd.
Rio Bravo Blvd.
Bridge Blvd.
98th
St.
Montgomery Blvd.
Menaul Blvd.
Lomas Blvd.
Osuna Rd.
Coor
s Bl
vd.
Corr
ales
Rd.
Coor
s Bl
vd.
Rio
Gran
de B
lvd.
.dvlB at si V ocsi rt A
2nd
St.
2nd
St.
4th
St.
Unser B
lvd.
Unse
r Blv
d.
Unse
r Blv
d.
Montaño Rd.
Alameda Blvd.
Gibson Blvd.
Tramway Blvd.
Tramw
ay Blvd.
Juan Tabo Blvd.
Eubank Blvd.
Wyom
ing Blvd.
San Mateo Blvd.
Louisiana Blvd.
Central Ave.Central Ave.
5 M
ILES
3 M
ILES
1 M
ILE40
4025
