Posted 08 Aug 11 By: No comments yet

Albuquerque Realtor Sees Multifamily Real Estate Market Heating Up

As summer heats up, so does the small multifamily market in Albuquerque according to Erik Olson, an advisor at NAI Maestas & Ward. Erik was one of the brokers in a recent 4-plex transaction that closed in just 60 days. It took only two weeks for a local real estate investor to put the property under contract after it was listed.

“There is definitely a market out there for well-kept smaller multifamily units. Most indicators show that Albuquerque’s occupancy rate is in the 95-97% range, which is opening up a strong demand for well-maintained multifamily units. Small investors are now looking for multifamily units as a way to hedge their money against the still lingering single family home market,” said Erik.

Monday, August 8, 2011
NAI Maestas & Ward | Phn 505-878-0001

 

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