916 Alcazar Street NE, Albuquerque, NM 87110

$334,880
3,278
SqFt
List Price
$334,880
MLS#
951546
Property Type
Multifamily
Sqft. of Residence
3,278
Lot Size
9,147
Region
Fairgrounds
Status
ACTIVE
Estimated Age
41 - 50

Property Description

NM Apartment Advisors is excited to have listed this fabulous owner occupant style fourplex at 916 Alcazar NE with large unit. Property has an amazing location - walking distance to Expo NM, the NM State Fair, and biking distance to Uptown good walk (50), bike (60), and transit (40) scores. Built in 1976, the property has been well maintained and kept a lot of its original charm.At the ask price of $334,880 and an average rent of $688 the measure of investment performance include a GRM of 10.15, a CAP rate of 5.60%, a price per unit of $83,720, a price per square foot of $102.16 and an after-tax IRR of 16.40%.If the rents are raised to market average of $710 the measure of investment performance improved to a GRM of 9.83, a CAP rate of 6.00%.

Additional Information

County
Bernalillo
Subdivison
Mesa Del Norte addition
Age
41 - 50
Acres
0.21
Approximate Taxes
1995.64
Annual Gross Income
30525
Appliances Included
Refrigerator
Detached Type
No
Disability Access
Unknown
Financing
Cash, Conventional, FHA
Floor Number
4
Flooring
Carpet, Vinyl
Garage Spaces
6
Operating Expenses
18692.00
Owner Pays
Other - See Remarks
Tenant Pays
Other - See Remarks
Roof
Flat
Total
4
Total
1
Township
Unknown
Utilities
Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected
Zoning
R-ML*

Mortgage Calculator

Amount of Loan
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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.