1 of 10
Tools
Size
5
Bedrooms
0.31 Acres
Exterior
Financial
$700,000
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Listing Details
Apartment
Property type
1971
Year Built
11307748
Web Id
202403623
MLS ID
23
Days Posted
Description
630 SE Alcazar Street,
Albuquerque,
NM
87108
Albuquerque, NM 87108
Well maintained 8-unit property in the Southeast neighborhood of Albuquerque. This complex, originally constructed in 1971, has a track record of consistent occupancy and hassle-free management, making it an ideal investment opportunity. The property is priced at an in-place cap rate of 7%, which accounts for a 40% expense ratio including management costs. Each of the eight units is separately metered for gas and electric. Water is master metered. All utilities are currently paid by the landlord. Recent upgrades include a roof replacement in 2020 and new exterior paint in 2023. Additionally, ceramic tile flooring has been installed in the living rooms, kitchens, and bathrooms, offering durability and easy maintenance. Additional income can be generated by upgrading the on-site laundry rooms and storage units. Don't miss the opportunity to own a well-maintained, income generating property with a proven track record of success. 630-632 Alcazar St SE is poised to provide both steady returns and long-term appreciation.
This is an Active listing.
Broker Office Phone Number: 505-539-3200
Copyright © 2024Santa Fe Association of REALTORS®, Inc.. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
This is an Active listing.
Broker Office Phone Number: 505-539-3200
Copyright © 2024Santa Fe Association of REALTORS®, Inc.. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Amenities
- Evaporative
Price History
date | price | variance | type |
---|---|---|---|
8/27/2024 | $700,000 | - | Listed |
Listing By: Real Estate Advisors, LLC via Data Source: Santa Fe Association of REALTORS®, Inc.
listing agent: Jacob Rocker