8% CAP 44 Unit Multifamily For Sale

Multi-Family for Sale
Catylist Listing ID: 30039994
Property Subtypes: Low-Rise/Garden
Number of Units: 44 Units
Building Size (RSF): 50,036 SF
Gross Building Area: See Agent
Sale Price: $2,987,000
Unit Price: $67,886.36 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 8.0%
Last Updated: 12/28/2017

Overview / Comments

Property Description
• 36 two bedroom town homes 1,150 sq. ft.
• Washer and dryer hook ups in town homes
• 8 one bedroom apartments at 750 sq. ft.
• Shared community washer and dryer for the 8 one bedroom apartments
• Refrigerated air/gas heat
• Roofs have recently been recoated
• Full time manager and part time Maintenance on premises

This small quiet town home complex is located in close proximity to recreational and shopping facilities. The complex features a swimming pool, jacuzzi, and workout facility for tenants only. The complex has also been upgraded with new carpet, tile, appliances, and light fixtures.

Attachments & Media

Additional Details

Nearest MSA: Alamogordo
County: Otero
Number of Stories: 2

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,983 27,591 33,060
Median Age: 35.9 38.47 38.92
Households: 3,405 11,687 13,970
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