Multifamily Properties for Sale in Albuquerque, NM
The current inventory of Multifamily Properties for Sale in Albuquerque, NM is less than 60 properties!
Some investors believe that Multifamily and Apartment buildings are the best investment because they are easy to find, easy to analyze, everyone needs a place to live, banks love to lend on them, and they’re great cash flow generators – especially now that prices and interest rates are down! Multifamily Properties for Sale in Albuquerque, NM up to a total of 4 Units/Apartments can be financed through a Residential Loan, basically just like you are buying a Single Family Residence!
For a new investor they are easy to analyze and manage. I do recommend having a good Property Management Company like LOE Property Management in place to make your life a lot easier and still have the benefits of positive cash flow. For an experienced investor Multifamily and Apartment buildings are straightforward to manage and you can set up business systems to automate and delegate the mundane day-to-day tasks of owning apartment buildings or hire a Property Management Company. Once one is started it is relatively simple to buy more and more apartment units and build up a nice, cash flowing portfolio.
The value of an apartment building is driven by its net operating income (NOI), the amount of income left after all expenses are paid. The more money the building spits out after all expenses, the more it’s worth.
In many parts of the country, a building is worth 10 times its net operating income. This “10 times multiplier” is referred to as the “capitalization” or “cap rate” for short. Cap Rates for Multifamily Properties for Sale in Albuquerque, NM vary and offer between 5 and 8 percent. Any properties with higher returns than that we consider as “cash cows”!
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The inventory of Multifamily Properties for Sale in Albuquerque, NM is still very low at less than 60 active listings in the SWMLS! There are 55 properties under contract right now, the majority of them sold within a few days to about 3-4 weeks. Good properties are selling quick! At this time Rio Rancho has only 1 (one) Multifamily Property for sale based on MLS data! MLS shows 13 sold Multifamily Properties in Rio Rancho over the last 12 months. Albuquerque had about 305 closed sales over the last year.
Commercial Real Estate Market Summary in New Mexico: August 2021
Commercial Real Estate Trends & Outlook US: August 2021
To find all listed Apartment Buildings and Multifamily Properties for Sale in Albuquerque, NM please use the map below!