Real Estate Advisors, LLC
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 |
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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 |
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Area | 18-Bernalillo Cnty |
City | Albuquerque |
County | Bernalillo |
State | NM |
Zip Code | 87108 |
Amenities
Utilities | Separate Meters |
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Is Waterfront | No |
Has Pool | No |
Interior
Interior Features | No Interior Steps |
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Heating | Natural Gas |
Cooling | Evaporative Cooling |
Fireplace | No |
Has Basement | No |
School Information
Elementary | Unknown |
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Middle | Unknown |
High | Unknown |
Additional Information
Date Listed | August 27th, 2024 |
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Days on Market | 104 |
Zoning | RM |
Short Sale | No |
RE / Bank Owned | No |
Listing Details
Agent | Jacob Rocker |
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Office | Real Estate Advisors, LLC |