916 Alcazar Street Ne, Albuquerque, 87110

Beds
Baths
3,278Sqft
.21Acres
1976Built
7DOM

$334,880

NEW

Todd D Clarke
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NM Apartment Advisors is excited to have listed this fabulous owner occupant style fourplex at 916 Alcazar NE with large unit. Property 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.At the ask price of $334,880 and an average rent of $688 the measure of investment performance include a GRM of 10.15, a CAP rate of 5.60%, a price per unit of $83,720, a price per square foot of $102.16 and an after-tax IRR of 16.40%.If the rents are raised to market average of $710 the measure of investment performance improved to a GRM of 9.83, a CAP rate of 6.00%.

Essential Information

MLS® #: 951546
Price: $334,880
Square Footage: 3,278
Acres: 0.21
Year Built: 1976
Type: Residential Income
Sub-Type: Four Plex
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

Amenities: Owners Unit, Private Patios
Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected
Parking Spaces: 6

Interior

Appliances: Refrigerator
Heating: Central Forced Air, Other - See Remarks
Cooling: Evaporative, Other - See Remarks
# of Stories: 1
Stories: 1 Story

Exterior

Roof: Flat
Construction: Frame

Additional Information

Date Listed: August 12th, 2019
Days on Market: 7
Zoning: R-ML*

Listing Details

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

Financials

$/SqFt: $102

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Listing information last updated on August 21st, 2019 at 5:26am MDT.