8600 Zuni Road Se, Albuquerque, 87108



Todd D Clarke
Please provide a valid email address.

NOTE*** Seller has accepted an offer, but purchase and sale agreement allows Seller to continue to receive offers in a backup position.Although recent renovations have been done, this investment is a value add opportunity.Measures of investment performance at ask price of $939,963 and current average rent of $508 are a GRM of 5.84, a 9.06% cap rate, $37,599 per unit, $61.34/sf and a before tax IRR of 26.40% and an after tax IRR of 20.40%.If rents are raised to submarket average of $660, measures of investment performance increase to a GRM of 4.75, a 12.30% cap rate and a 27.82% cash on cash.

Essential Information

MLS® #: 955168
Price: $994,610
Bedrooms: 1
Bathrooms: 1.00
Acres: 1.00
Year Built: 1960
Type: Residential Income
Sub-Type: Multi Family
Status: Pending

Community Information

Address: 8600 Zuni Road Se
Area: 71 - Southeast Heights
Subdivision: J Earl Burns Add
City: Albuquerque
County: Bernalillo
State: NM
Zip Code: 87108


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


Interior: Carpet, Vinyl
Appliances: Refrigerator
Heating: Other, See Remarks
Cooling: Other, See Remarks
# of Stories: 2


Construction: Frame

Additional Information

Date Listed: October 2nd, 2019
Days on Market: 201

Listing Details

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

Properties for Sale Similar to 8600 Zuni Road Se, Albuquerque, NM

Known As Nob Hill Square, And Located At 300 La...

$801,000 Pending 300 La Veta Drive Ne, Albuquerque, NM
  • 1 Beds
  • 1 Baths
  • 0.12 Acres

Residential Income

Known As Nob Hill Square, And Located At 300 La Veta Ne This Community Is On The North East Corner Of Zia And La Veta And Just A Couple Of Blocks Or So From Dion's Pizza, Loyola's The National Dance Institute, New Mexico Music School, Media Arts Charter Sc...

MLS® #967117

Some of the information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers' personal, non-commercial use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.

Listing information last updated on July 4th, 2020 at 3:45pm MDT.