916 Alcazar Street Ne, Albuquerque, 87110

2Beds
1Bath
3,278Sqft
.21Acres
1976Built
266DOM

$334,880

Todd D Clarke
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This fabulous owner occupant style fourplex at 916 Alcazar NE with large owner units that include washer/dryer connections and private backyards has an amazing location - walking distance to Expo NM, the NM State Fair, and biking distance to Uptown good walk (50), bike (60), and transit (40) scores. Built in 1976, the property has been well maintained and kept a lot of its original charm.Rents have gone up, but the price has remained the same -at $334,880 and an average rent of $713 the measure of investment performance include a GRM of 9.79, a CAP rate of 6.10%, a price per unit of $83,720, a price per square foot of $102.16 and an after-tax IRR of 14.30%If the rents are raised to market average of $750 the measure of investment performance improved a cap rate of 6.72%

Essential Information

MLS® #: 951546
Price: $334,880
Bedrooms: 2
Bathrooms: 1.00
Square Footage: 3,278
Acres: 0.21
Year Built: 1976
Type: Residential Income
Sub-Type: Quadruplex
Status: Active

Community Information

Address: 916 Alcazar Street Ne
Area: 70 - Fairgrounds
Subdivision: Mesa Del Norte addition
City: Albuquerque
County: Bernalillo
State: NM
Zip Code: 87110

Amenities

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

Interior

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

Exterior

Construction: Frame

Additional Information

Date Listed: August 11th, 2019
Days on Market: 266

Listing Details

Listing Agent: Todd D Clarke
Listing Office: NM Apartment Advisors, Inc.
Office Phone: (505) 440-8633

Financials

$/SqFt: $102

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$309,120 Active 908 Alcazar Street Ne, Albuquerque, NM
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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 T...

MLS® #952597

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Listing information last updated on May 25th, 2020 at 5:26pm MDT.