8600 Zuni Road Se, Albuquerque, 87108

1Bed
1Bath
Sqft
1Acres
1960Built
131DOM

$939,963

Todd D Clarke
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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: $939,963
Bedrooms: 1
Bathrooms: 1.00
Acres: 1.00
Year Built: 1960
Type: Residential Income
Sub-Type: Multi Family
Status: Active

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

Amenities

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

Interior

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

Exterior

Construction: Frame

Additional Information

Date Listed: October 2nd, 2019
Days on Market: 131

Listing Details

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

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 March 30th, 2020 at 9:16am MDT.