• MLS® #: 955168
  • 8600 Zuni Road Se
  • Albuquerque, NM 87108
  • $939,963
  • 1 Bed, 1 Bath, 1.00 Acre
  • Residential Income
  • Office: Nm Apartment Advisors, Inc.

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$939,963
  • Bedrooms1
  • Bathrooms1.00
  • Acres1.00
  • Year Built1960
  • TypeResidential Income
  • Sub-TypeMulti Family
  • StatusActive

Community Information

  • Address8600 Zuni Road Se
  • Area71 - Southeast Heights
  • SubdivisionJ Earl Burns Add
  • CityAlbuquerque
  • CountyBernalillo
  • StateNM
  • Zip Code87108

Interior

  • InteriorCarpet, Vinyl
  • AppliancesRefrigerator
  • HeatingOther, See Remarks
  • CoolingOther, See Remarks
  • # of Stories2
  • StoriesTwo

Exterior

  • ConstructionFrame

Additional Information

  • Date ListedOctober 2nd, 2019
  • Days on Market185
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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 1st, 2020 at 9:00pm MDT.