The current inventory of Multifamily Properties for Sale in Albuquerque, NM is below 100.
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 are on average between 6 and 8 percent.
Call or email Franz with any questions.
The inventory of Multifamily Properties for Sale in Albuquerque, NM is currently very low at below 100. Rio Rancho has a very limited supply at less than 10 properties currently for sale.
Featured Fourplex, SOLD $225,000 list price: 10789 Towner Ave NE
To find all listed Apartment Buildings and Multifamily Properties for Sale in Albuquerque, NM please use the map below!