8600 Zuni Road Se, Albuquerque, 87108

1Bed
1Bath
Sqft
1Acres
1960Built
201DOM

$994,610

Todd D Clarke
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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

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

Exterior

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.

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