908 Alcazar Street Ne, Albuquerque, 87110

2Beds
1Bath
3,100Sqft
.21Acres
1977Built
184DOM

$309,120

Todd D Clarke
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NM Apartment Advisors is excited to have listed this fabulous owner occupant style fourplex at 908 Alcazar NE. Property has an amazing location - walking distance to Expo NM, the NM State Fair, and biking distance to Uptown good walk (51), bike (72), and transit (40) scores. Built in 1977, the property has been well maintained and kept a lot of its original charm.At the ask price of $309,120 and an average rent of $663 the measure of investment performance include a GRM of 9.72, a CAP rate of 5.80%, a price per unit of $77,280, a price per square foot of $99.72 and an after-tax IRR of 12.940%.If the rents are raised to market average of $700 the measure of investment performance improved to a GRM of 9.20, a CAP rate of 6.40%.Same owner also owns 916 Alcazar NE #951546

Essential Information

MLS® #: 952597
Price: $309,120
Bedrooms: 2
Bathrooms: 1.00
Square Footage: 3,100
Acres: 0.21
Year Built: 1977
Type: Residential Income
Sub-Type: Quadruplex
Status: Active

Community Information

Address: 908 Alcazar Street Ne
Area: 70 - Fairgrounds
Subdivision: Mesa Delnorte Add Corr
City: Albuquerque
County: Bernalillo
State: NM
Zip Code: 87110

Amenities

Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Interior

Interior: Carpet, Vinyl
Appliances: Refrigerator
Heating: Other, See Remarks
Cooling: Other, See Remarks
# of Stories: 1
Stories: One

Exterior

Exterior Features: Landscaping
Construction: Frame

Additional Information

Date Listed: August 26th, 2019
Days on Market: 184

Listing Details

Listing Agent: Todd D Clarke
Listing Office: NM Apartment Advisors, Inc.

Financials

$/SqFt: $100

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MLS® #951546

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Listing information last updated on April 3rd, 2020 at 4:01pm MDT.