618 Chama Se Street, Albuquerque, NM 87108

$597,998
2
BD
1
BA
5,128
SqFt
List Price
$597,998
MLS#
1002685
Status
ACTIVE
Number of Units
8
County
Bernalillo
City
Albuquerque
Subdivision
Lots 5 & 6, Emil Mann Addition
Bedrooms
2
Bathrooms
1
Living Area
5,128
Acres
0.16

Property Description

Each fourplex sits on its own parcel of land and can be acquired for $298,999.99. Owner would prefer to sell as a package and at the ask price of $597,997.98 and an average rent of $634 the measure of investment performance include a GRM of 9.83, a CAP rate of 5.72% (before reserves), a price per unit of $74,750a price per square foot of $116.61 an after tax IRR of 16.10%.If rents were to be raised to market of $750, the measures of investment performance improve to a GRM of 8.31, and a cap rate of 7.14% (before reserves).Each fourplex is priced aggressively - coming in at $10,000 under recent comparable sales, even though those sales have an average rent that is $87 lower than the subject property.

Additional Information

Days on Market
11
Year Built
1986
Stories
2
Cooling
Evaporative Cooling
Heating
Central, Forced Air

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of NM Apartment Advisors, Inc..

Some of the information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers’ personal, non-commerical use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.