Property Description
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
: Natural Gas
: Evaporative Cooling
: Onestory
$0
: Public Sewer
Address Map
NM
Bernalillo
Albuquerque
87108
630 SE Alcazar Street
0
W107° 25' 57.8''
N35° 4' 4.1''
Additional Information
Real Estate Advisors, LLC
Jacob Rocker
: Accessibilityfeatures
$0
5,072 Sqft
90
0
18-bernalillo Cnty
: Circuit Breakers
$0
Unknown
Unknown
: Nointeriorsteps
Cash,Conventional
$0
Unknown
101905604235220220
$0
: Separatemeters
RM

Residential Income

630 SE Alcazar Street, Albuquerque, New Mexico 87108

13,503.60 Sqft
Visits : 201 in 86 days
$700,000
Listing ID #202403623
Basic Details
Property Type : Residential Income
Listing Type : For Sale
Listing ID : 202403623
Price : $700,000
Year Built : 1971
Acres : 0.31 Acre
Lot Area : 13,503.60 Sqft
Status : Active
Property Sub Type : Apartment
Inquiries
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