Apartment and Self-Storage Investment

Multi-Family for Sale
Also listed as Special Purpose
Catylist Listing ID: 30153403
Property Subtypes: Low-Rise/Garden
Number of Units: 16 Units
Building Size (RSF): 19,374 SF
Gross Land Area: 1.38 Acres
Sale Price: $998,000
Unit Price: $62,375 Per Unit
Property Use Type: Investment
Building Name: 5800 Central Ave SW
Sale Terms: Cash to Seller
Cap Rate: 8.5%
Last Updated: 11/1/2017

Overview / Comments

Mixed-use investment property on Central Avenue. The property has both apartments and storage units so a buyer can diversify a portfolio with one purchase.

Great attributes of this property:
-Diversified revenue streams
-Central Avenue direct visibility and access
-Secured Storage area with keyless entry
-16 apartments and an office to operate both sides of the property
-119 storage units ranging in size from 250 sqft to 35 sqft
-8 RV/vehicle spaces

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: South Valley
Tax ID/APN: ABQ142629
Property Condition: Fair
Number of Stories: 1
Year Built: 1946
Roof Type: Flat
Construction/Siding: Metal Siding, Stucco
Parking Type: Surface
Laundry: Shared
Zoning Description: C-2
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 19,991 135,630 229,346
Median Age: 31.88 32.53 32.92
Households: 6,789 48,114 84,599
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