• MLS® #: 952597
  • 908 Alcazar Street Ne
  • Albuquerque, NM 87110
  • $309,120
  • 2 Beds, 1 Bath, 3100 SqFt, 0.21 Acres
  • Residential Income
  • Office: Nm Apartment Advisors, Inc.

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

Essential Information

  • MLS® #952597
  • Price$309,120
  • Bedrooms2
  • Bathrooms1.00
  • Square Footage3,100
  • Acres0.21
  • Year Built1977
  • TypeResidential Income
  • Sub-TypeQuadruplex
  • StatusActive

Community Information

  • Address908 Alcazar Street Ne
  • Area70 - Fairgrounds
  • SubdivisionMesa Delnorte Add Corr
  • CityAlbuquerque
  • CountyBernalillo
  • StateNM
  • Zip Code87110

Interior

  • InteriorCarpet, Vinyl
  • AppliancesRefrigerator
  • HeatingOther, See Remarks
  • CoolingOther, See Remarks
  • # of Stories1
  • StoriesOne

Exterior

  • Exterior FeaturesLandscaping
  • ConstructionFrame

Additional Information

  • Date ListedAugust 26th, 2019
  • Days on Market234
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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 June 7th, 2020 at 12:15am MDT.