bedrooms
5
bathrooms
0
square feet
0
Acreage
0.31
Open Houses
-
year built
1971
Full Baths
0
Half Baths
0
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.
Location | |
Subdivision | - |
County | Bernalillo |
Elementary School | Unknown |
Middle School | Unknown |
High School | Unknown |
Open houses
None scheduled.
Find out more
Tell us who you are, and we will have someone reach out to you.
MLS number: 202403623
Listing agent:
Jacob Rocker
#52736
Listing broker:
Real Estate Advisors, Llc
(505) 539-3200
Copyright © 2024 Santa Fe Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
[source]
Last update: Tuesday, November 19 2024 at 8:02 p.m. EST
Kotohomes National
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