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Multi-family housing (duplex/triplex/etc)

Hi, We all know that single family home prices in the ABQ area are on the slide, but what about multi family housing. I can't seem to find any information on projected trends in this part of the market? I am particularly interested in the UNM and downtown areas.
Mon Oct 1 2007, 20:37 - Albuquerque - Market Conditions - 2 answers
 
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102569
Buyer & Seller
in Albuquerque
102569, Buyer & Seller in Albuquerque in Albuquerque
Answers (2)
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Cj was FIRST TO ANSWER
I'm developing multi-family in Albuquerque right now and our market research indicates a 2-5% vacancy rate depending on area and age and an appreciation rate of 10% in the last year. I have some 4 Plexes under construction if you're interested, Email me at gabe.j.joseph.

Wed May 7 2008, 21:06
 
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report
 
FIRST ANSWER
Housing and Urban Development (HUD) has prepared a detailed market analysis report on the Albuquerque Housing and Rental Markets, you might want to go visit the government site and look through the report for information that might be able to help you in your research. Here is their site:
Comprehensive Housing Analysis Report for Albuquerque
http://www.huduser.org/Publications/PDF/CMAR_AlbuquerqueNM.pdf
Good luck on your research

Wed Oct 3 2007, 06:18
Web Reference: http://www.realestateformnm.com/NewMexicoRealEstateInfo...
 
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