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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 transit (40) scores. Built in 1977, the property has been well maintained and kept a lot of its original charm.At the ask price of $309,120 and an average rent of $663 the measure of investment performance include a GRM of 9.72, a CAP rate of 5.80%, a price per unit of $77,280, a price per square foot of $99.72 and an after-tax IRR of 12.940%.If the rents are raised to market average of $700 the measure of investment performance improved to a GRM of 9.20, a CAP rate of 6.40%.Same owner also owns 916 Alcazar NE #951546
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Listing information last updated on June 7th, 2020 at 12:15am MDT.