Real Estate Advisors, LLC

630 Se Alcazar Street, Albuquerque, NM

$700,000

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5,072

Square feet

0.31

Acres

About 630 Se Alcazar Street

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.

Features of 630 Se Alcazar Street

MLS® # 202403623
Price $700,000
Bathrooms 0.00
Square Footage 5,072
Acres 0.31
Year Built 1971
Type Residential Income
Sub-Type Apartment
Style One Story
Status Active

Community Information

Address 630 Se Alcazar Street
Area 18-Bernalillo Cnty
City Albuquerque
County Bernalillo
State NM
Zip Code 87108

Amenities

Utilities Separate Meters
Is Waterfront No
Has Pool No

Interior

Interior Features No Interior Steps
Heating Natural Gas
Cooling Evaporative Cooling
Fireplace No
Has Basement No

School Information

Elementary Unknown
Middle Unknown
High Unknown

Additional Information

Date Listed August 27th, 2024
Days on Market 104
Zoning RM
Short Sale No
RE / Bank Owned No

Listing Details

AgentJacob Rocker
OfficeReal Estate Advisors, LLC

Listing Map

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